Walden Mutual – a new digital bank focused on sustainable food – has become the first bank of its kind to receive regulatory approval from the FDIC in 50 years. Its origins are unique. Founded by the former CEO of a pasture-based meat business, it’s a unique interweaving of disparate threads – digital technology, sustainable food, cooperative governance, and a distinct regional focus.
I recently talked to Charley Cummings, the bank’s founder about his new project and vision for a more sustainable type of bank.
Christopher Marquis: How does an entrepreneur who founds a successful pasture-based meat business end up starting a bank?