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 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 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 Community Banks: Sunrise Community Banks, headquartered in St. Paul, MN is a certified Community Development Financial Institution (CDFI) with a mission to be the “Leader in Improving Our Urban Community.” The bank holding company affiliates (Franklin Bank, Park Midway Bank, University Bank) focus their lending in the urban core of Minneapolis and St. Paul and offer deposit customers a Socially Responsible Deposit Fund (SRDF) option. When customers choose to participate in the SRDF, it offers them the chance to be an agent of change in our community. These deposits help fuel the banks’ support of affordable housing, small business development and community services offered through not-for-profit organizations.

Sunrise Banks

Sunrise Banks

The bank has a dynamic social entrepreneur at its helm, leading a team that innovates in the financial services industry and strives for financial inclusion for all. Sunrise is headquartered in St. Paul, Minnesota and has a long history of serving inner city communities in Minneapolis and St. Paul. The bank's 8 branches are primarily located in the urban core of Minneapolis and St. Paul. Sunrise’s innovative spirit also launches the bank nationally through various initiatives in its primary business lines:

1. Commercial Lending & Leasing

2. Relationship Banking

3. National Products including a growing Prepaid Card division

4. Government Lending focused on New Markets Tax Credits & Small Business Administration lending

All of the business lines are not only held to financial sustainability goals, but also demonstrate progress in achieving positive social impact.

Member FDIC

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