Sunrise Banks


St. Paul, Minnesota

United States

About Sunrise Banks

Sunrise Banks, based in St. Paul, Minnesota, seeks to radically change the way urban communities and underserved people thrive by empowering them to achieve their aspirations. 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 uses a do good approach to their business model. The organization creates both people and place based products that make a difference in communities. Sunrise Banks is more than a bank; they create strong relationships and look for multiple ways to make an impact. It’s quite simple: believe in the power of business as a force for good and your impact will be multiplied.

We were introduced to B Lab and B Corps by someone we trust. We knew being part of this community would give us an opportunity to exercise our leadership not only in the Twin Cities, but also across the country. We're excited about this movement and look for ways every day to make greater impact.

The Change We Seek®

Sunrise Banks originates small business, commercial real estate, and nonprofit facility loans in the urban core of Minneapolis and Saint Paul. Over 60% of Sunrise’s loans are originated in low-and moderate- income communities year after year.

The organization's Impact Deposit Fund (IDF) allows bank depositors the option to designate their funds to revitalize urban landscape. The IDF deposits support loans for affordable housing, small business development, and nonprofit organizations.

Sunrise Banks’ mission focused approach, national charter, and innovative spirit, have catapulted the organization onto national platforms. Their lending is local, but their community development scope is national. For example, Sunrise Banks possess an overt desire to incubate and test programs that serve the needs of unbanked and underbanked families. This mission centric goal led us to undertake a prepaid card program to test its applicability in unbanked markets.

In 2011, Sunrise Banks launched an Underserved Empowerment Journey that aims to provide responsible and affordable financial products to one million traditionally underserved consumers. The Prepaid division helps bring this journey to a national level and puts the organization's goals within reach by offering Prepaid Card programs which seek to serve the unbanked and underbanked.

What makes us a better company?

B Impact Report

Certified since: 

June 2009

Company Score

Median Score*



The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.



The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.



The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).



The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.



The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

Overall B Score

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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Company Highlights: 

Environment: 100% of locations accessible by public transportation. Over 50% of square feet LEED Certified.

Employees: All employees paid a living wage. Retirement plan includes a socially-responsible investing option. Company offers paid time off for volunteer service.

Community: Majority of ownership is located locally to at least two-thirds of the company’s workforce. Company commits to give a minimum of 2% pretax earnings to nonprofit organizations.

Governance: Company is Public Benefit Corporation. Company creates annual report on mission-related performance. Employees review Code of Conduct annually.

Impact business Models: 65% of loans located in distressed, local communities. Company offers products for underserved markets and offers impact-oriented deposit accounts.

2014 Best for the World Overall Honoree


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