Get the latest delivered to your inbox
Privacy Policy

Now Reading

St. Paul's University Bank Receives U.S. Chamber of Commerce National Corporate Stewardship Award

St. Paul's University Bank Receives U.S. Chamber of Commerce National Corporate Stewardship Award

Published 12-07-04

Submitted by University Bank

University Bank has received the Corporate Stewardship Midsize Business Award from The United States Chamber of Commerce Center for Corporate Citizenship (CCC) at a ceremony Thursday in Washington, D.C.

Saint Paul-based University Bank was selected from among five finalists from across the U.S. for demonstrating ethical leadership and corporate stewardship, making a difference in their communities, and contributing to the advancement of important economic and social goals.

"I am honored to accept this prestigious award on behalf of the entire University Bank organization," said University Bank president David Reiling. "I am extremely proud of the work we do in underserved Twin Cities communities. To be recognized for our leadership and stewardship means that we are conducting business the right way while contributing to our community."

University Bank has demonstrated their corporate engagement to the Twin Cities community through such programs as Houses to Homes. Houses to Homes was launched in May 2000 to rehabilitate 1,000 affordable homes in the Twin Cites before year-end 2005. By April 2004, University Bank had financed a total of 1,145 homes in distressed neighborhoods.

The Minnesota Chamber of Commerce received the National Community Service Award for their program Building Business Investment in Community, developed to increase business giving and community involvement.

The $115 million University Bank was designated a Community Development Financial Institution by the U.S. Treasury in 2001. The CDFI Fund works to expand the capacity of financial institutions to provide capital, credit and financial services in underserved markets. A member of Sunrise Community Banks, University Bank has created the Urban Revitalization Fund to reinvest in local communities through such initiatives as affordable housing support, neighborhood revitalization and small business loans. For more information, or to make a deposit, visit www.universitybank.com or call 651-265-5600.

The Center for Corporate Citizenship is a nonprofit affiliate of the U.S. Chamber that serves as a resource and voice for businesses and their social, philanthropic and ethical concerns. The U.S. Chamber is the world's largest business federation representing more than three million businesses and organizations of every size, sector and region. See www.uschamber.com for more information.

University Bank logo

University Bank

University Bank

The $115 million University Bank was designated a Community Development Financial Institution by the U.S. Treasury in 2001. The CDFI Fund works to expand the capacity of financial institutions to provide capital, credit and financial services in underserved markets. A member of Sunrise Community Banks, University Bank's mission is to be the leader in improving our urban community.

More from University Bank

Join today and get the latest delivered to your inbox