Sunrise Banks

Specialties

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 seven 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:

Commercial Lending & Leasing

Relationship Banking

National Products including a growing Prepaid Card division

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.

History

Established in 1984.

Until 2013, Sunrise Banks operated as three separately chartered banks — Franklin Bank, Park Midway Bank, and University Bank. In April of 2013, the organization’s family ownership made the strategic decision to consolidate the banks and form Sunrise Banks, N.A. The original three Sunrise Banks were purchased in the 1980s and 1990s by father and son Bill and David Reiling. The bank has three branches in Minneapolis, four branches in St. Paul, and a Prepaid Card operational office in Sioux Falls, SD.

Sunrise Banks is certified by the U.S. Department of Treasury as a Community Development Financial Institution (CDFI), a designation only given to 90 banks nationwide. Certified CDFIs must demonstrate commitment to community development through:

Sunrise is also a certified B Corp; a certification granted to organizations that demonstrate a commitment to transparent corporate governance, solid environmental stewardship, and positive community impact.