Sunrise Banks Will Build New St. Paul Headquarters
Sunrise Banks is breaking ground on a new 57,000-square-foot headquarters. The 200-employee company currently has holding company employees spread across three locations, a holdover from the 2013 merger of Franklin, Park Midway and University banks into Sunrise Banks. The new building will allow Sunrise to consolidate those employees at a single location. Sunrise also intends to sublease space to a nonprofit corporation and build a training room that it will rent to community organizations. The new Sunrise headquarters will be part of the transformation of a distressed industrial-residential neighborhood near the University of Minnesota into a vibrant innovation district.