March 19, 2013
Sunrise Community Banks has joined the Global Alliance for Banking on Values (GABV) as a values-led bank committed to community based banking and the triple bottom line of people, planet and profit.
The Global Alliance for Banking on Values is a membership organization made up of nineteen of the world’s leading sustainable banks. The network is bound by a commitment to finding global solutions for international problems, and promoting a positive, viable alternative to the current financial system through sustainable financing. Member banks are based in Europe, Asia, Latin America, the US and Australia. Sunrise Community Banks are the fourth American bank to join the network.
“It is a great pleasure to welcome Sunrise Banks as a new member of the GABV,” said Peter Blom, GABV Chair and CEO of European sustainable bank, Triodos Bank. “They are the latest progressive financial institution to join our expanding network of independent banks. The success of banks like Sunrise is increasingly at the heart of the urgent debate about how to build a resilient financial industry capable of serving all of our long-term interests.”
Sunrise CEO David Reiling recently commented on the bank’s membership, “While we serve communities in the inner cities of Minneapolis and Saint Paul, our colleagues in many cities and countries around the world are doing much the same thing. The context in Bangladesh, Vancouver or Germany may be very different, but the values that underpin our work are aligned. This is an important movement for a world in need of credible new approaches to finance.”
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.