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VCC: America’s First Benefit Corporation Bank

April 3, 2016 | Other

“As the first regulated bank in the U.S. to become a Benefit Corporation, VCC has set a new model for the financial industry. We know that this is just the beginning as more and more banking institutions follow suit to become forces for good in their communities.” Rick Alexander, Head of Legal Policy, B Lab Virginia Community Capital has converted its wholly-owned, FDIC insured, for-profit bank into a Benefit Corporation, and it is the first …

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