Climate First Bancorp, the parent company of Climate First Bank and fintech platform OneEthos, announced the closing of a $67 million strategic funding round led by Wellington Management and AllianceBernstein.
The latest financing brings the company’s total capital raised to $222 million as it marks its fifth anniversary. A total of 1,030 investors have participated in the Bancorp’s funding efforts since its inception.
Brean Capital served as the sole placement agent for the private placement. Smith Mackinnon acted as legal counsel to Climate First Bancorp, while Nelson Mullins Riley & Scarborough provided legal counsel to Brean Capital.
Over the past five years, Climate First Bank has grown to nearly $2 billion in assets. In 2025, the bank generated more than $11.5 million in net profit and financed over $555 million in residential and commercial solar projects across all 50 U.S. states.
OneEthos, the company’s Federal Reserve-regulated fintech subsidiary, has generated more than $450 million in solar loans and supported over 9,300 individual solar projects since its launch. The platform also serves a network of more than 8,000 solar sales representatives nationwide.
Founded in 2021, Climate First Bank describes itself as the world’s first FDIC-insured, values-based digital community bank established to combat climate change. The institution is a Certified B Corp, a member of 1% for the Planet, and has operated as a net-zero organization since opening. In addition to traditional banking products, the bank focuses on serving sustainability-oriented businesses and organizations while offering specialized lending programs for solar projects, energy retrofits, and climate-related infrastructure.
OneEthos operates at the intersection of fintech and traditional banking with a focus on expanding access to sustainable and inclusive financial services. The company specializes in climate finance and works with community banks, credit unions, CDFIs, and green banks to help expand lending portfolios.
KEY QUOTES:
“This incredible round is a testament to our hard-working team and mission to combat climate change and save the planet. In the face of weakened environmental protections, we continue to invest in climate solutions and community resilience, creating far greater impact than any one of us could alone. Thank you to all of our institutional investors and shareholders. I couldn’t ask for a better gift to mark our fifth anniversary, and we are just getting started.”
Ken LaRoe, Founder And CEO, Climate First Bancorp
