Sunrise Banks Is One of Minnesota's First Benefit Corporations
Sunrise Banks has become one of the first Public Benefit Corporations in Minnesota. The state recently passed legislation offering the new classification, which allows corporations to elect to pursue social and environmental goals alongside shareholder profits. Although Sunrise had already received B Corp certification from B Lab, the new legislation provides legal accommodation for the status. “Our organization is full of people who are passionate about giving back and creating positive change,” says Sunrise CEO David Reiling. “Across the bank our people want to be a part of an organization that does more than just make money. That makes it not only simpler, but a priority for Sunrise Banks to become a Benefit Corporation.”