April 17, 2013
Saint Paul, MN-based Sunrise Banks was named to B Corp’s global list of “Best For The World” companies, for creating the most overall social and environmental impact. Sunrise Banks was among 67 companies across 20 countries from Tanzania and Afghanistan to the United States and Canada recognized by the non-profit B Lab on their annual 2013 B Corp “Best For The World” list, which honors businesses that earned a score in the top 10% of all Certified B Corporations on the B Impact Assessment, an evaluation of a company’s impact on its workers, community and the environment.
Sunrise Banks – the culmination of an April 2013 merger of Franklin Bank, Park Midway Bank and University Bank – has assets in excess of $750 million and eight branch locations throughout the Twin Cities. In addition to being honored as a Certified B Corp, the family-owned Sunrise Banks has earned Community Development Financial Institution status for its focus on changing the way urban communities and underserved people thrive by empowering them to achieve their aspirations.
“A company’s revenue only tells half the story,” said Jay Coen Gilbert, co-founder of B Lab, the nonprofit organization that certifies B Corporations and governs the independent third party standard used to generate the comparable assessment of corporate impact. “These companies are competing to be not only the best in the world, but the best for the world.”
Today, Sunrise Banks is among over 700 Certified B Corporations, across 25 countries and 60 industries, unified by the common goal to redefine success in business through standards of accountability, transparency, and social and environmental performance. Sunrise Banks has also expanded its influence globally, recently becoming a member of the Global Alliance for Banking on Values, a network of 20 of the world’s leading sustainable banks from Asia, Africa, Latin America, Europe, and North America that use finance to deliver sustainable development for underserved people, communities and the environment.
About Sunrise Banks: Sunrise Banks, N.A., based in St. Paul, Minnesota, seeks to radically change the way urban communities and people thrive by empowering them to achieve financial wellness. Sunrise is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide. Sunrise Banks is also a member of the Global Alliance for Banking on Values, a public benefit corporation and is a certified B Corp for its demonstrated commitment to transparent corporate governance and positive community impact. Visit Sunrise Banks at SunriseBanks.com, on Twitter @SunriseBanks, or on Facebook. Member FDIC.