FNCB Bank Procures 100% Green Power

About

In 1910, FNCB was established as a National Banking Association as The First National Bank of Dunmore. The Bank changed its name to First National Community Bank effective March 1, 1988. Today FNCB serves both personal and business banking needs across numerous Northeastern Pennsylvania locations. Their mission is to make your banking experience simply better and their vision is to be an evolving, independent, community-focused bank that is a leader through the power of a strong team with a commitment to excellence for our employees, customers and shareholders.

Opportunity

As a PA Bankers Association Select Vendor, Environ Energy engaged with FNCB Bank to assist with the procurement of electricity for their facilities. At the time, both the FNCB and Environ teams agreed that the best course of action would be to wait until pricing was favorable, particularly as FNCB Bank was interested in a procurement product and contract that would align with their sustainability goals of procuring 100% green energy. While refreshing pricing for FNCB Bank, Environ identified and educated FNCB on an occurrence known as ‘slamming,’ where an active supply agreement is overridden by a new one, with or without the consumer’s knowledge.

Solution 

After Environ resolved the slamming issue, Environ and FNCB Bank reviewed their budgetary and sustainability goals, ultimately securing a new contract that checked all of the boxes for FNCB Bank, including the procurement of 100% “green power” by way of renewable energy credits (RECs). With RECs, FNCB Bank pays for electricity generated from green sources (wind or solar for example) as opposed to traditional brown or fossil fuel-based power. APPI Energy also secured FNCB an EPA Green Power Partnership certification.

“Environ is very reliable when it comes to assessing electricity procurement for your facilities. They are honest about energy markets and whether the timing is favorable for your needs. This is the type of service you want from a provider, a team that truly cares what your vision is as a company and one that will recommend the best option for your future.”
– Tom Lunney, Senior VP, FNCB Bank

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