July 9, 2018
Sunrise Banks is honored to be one of a small number of Certified Community Development Financial Institutions (CDFIs) that recently received a financial award through CDFI Fund’s Bank Enterprise Award (BEA) program. For the 2018 allocation, Sunrise Banks was awarded approximately $233,000. This funding enables Sunrise to expand its financial products and services which empower financial wellness in local communities and for consumers across the nation.
The BEA Program is a performance-based grant program that provides monetary awards to FDIC-insured depository institutions that successfully demonstrate an increase in their investments in mission-driven lenders known as CDFIs, or in their own lending, investing, or service activities in highly distressed communities.
As a certified CDFI for over fifteen years, Sunrise continues to be meaningfully engaged with both their local community and communities across the nation.
“We are honored to receive this award from the CDFI Fund. It’s great to work alongside the other honorees to create an inclusive financial system” says David Reiling, Sunrise Banks CEO, “We plan to utilize the funds to continue to provide the tools our customers need to achieve financial wellness.”
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.