Upsize is a magazine with a single mission: to help Minnesota's small-business owners build bigger and more profitable companies, and to connect CEOs with the people, products and ideas they need to grow.
Issue link: http://www.e-digitaleditions.com/i/66695
BANK Company profile: SUNRISE COMMUNITY BANKS Sunrise Community Banks, the leader in improving the urban community S unrise Community Banks and its affiliates, Franklin Bank, Park Midway Bank and University Bank are nationally chartered community banks lo- cated in Minneapolis and St. Paul, Minnesota. Collectively, Sunrise's asset size is approximately $880 million. Its mission is to be 'The Leader in Improving our Urban Community'. The unique corporate structure of Sunrise embeds the or- ganization in the local communities by being governed by local busi- ness owners, local community rep- resentatives, and local ownership. Sunrise's innovative spirit launches them into national initiatives, such as prepaid card programs, that hold tremendous promise for meet- ing financial needs in underserved markets. The three Sunrise Commu- nity Banks were purchased in the 1980s and 1990s by Bill Reiling and David Reiling. Franklin Bank, in Minneapolis, has four branches. The bank serves many neighbor- hoods in Minneapolis and has unique programs targeted to immigrant clientele. Park Midway Bank, located in St. Paul, has two locations in urban neighborhoods and is one of the largest Small Business Administration (SBA) lenders in the state of Minnesota. Also in St. Paul, University Bank has two branches and was the first Community Development Financial Institution (CDFI) certified bank in the state of Minnesota. Currently, all three Sunrise Community Banks are designated as CDFI banks, the only CDFIs bank(s) in the Twin Cit- ies. Sunrise Community Banks, the www.upsizemag.com community development mission, are accountable to the community they serve, and provide financial services to a target market. As a CDFI, over 60% of Sunrise's University Bank loans are originated in low income communities year after year. The organization has won multiple awards for providing innovative products and services to meet the needs of low income communi- ties. A few of these awards include "City of Minneapolis Lender of the Year Award", Hmong Chamber of Commerce Lender of the Year, and most recently a National Interagen- cy Community Reinvestment Act Award for a foreclosure remediation program. Park Midway Bank Sunrise Community Banks and its affiliates are Minnesota's So- cially Responsible Bank®. The mis- sion to be "The Leader in Improving our Urban Community" translates into these operating principles: Community Investment, Environ- mental Stewardship, Transparent Corporate Governance, Healthy Em- ployee Relations, Product Integrity, and Stakeholder Engagement. Franklin Bank holding company, also holds a CDFI certification. What does it mean to be a CDFI? Community Development Financial Institutions (CDFIs) are certified by the U.S. Department of Treasury. In order to gain certification, institu- tions must verify that they have a Sunrise Community Banks 200 University Avenue West Suite 200 St. Paul, MN 55103 Nikki Foster 651-259-2200 nikki.foster@sunrisebanks.com www.sunrisebanks.com advertisement THE GROWTH GUIDE 2012 UPSIZE ONLINE 17