(Economix - The Net)

Green banks -- created to aid environmentally conscious businesses and consumers through better loan rates and other incentives -- are sprouting up around the country despite the recession.

Recent examples include E3bank in Philadelphia; the First Green Bank in Florida; and GreenChoice Bank in Chicago. Other examples, like ShoreBank Pacific and the Green Bank of Houston, have been around for a few years.

But is green banking a sensible business strategy for banks? The proposed One Earth Bank in Austin, Tex., fell by the wayside this spring even before its opening. Its backers blamed the economy and complications with the Federal Insurance Deposit Corporation.(...)

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