Sunrise Banks is a regional bank that serves Minneapolis and St. Paul, Minnesota. Two branches are located in Minneapolis, and four others are located in St. Paul.
Sunrise Banks began as three separately chartered banks: Franklin Bank, Park Midway Bank and University Bank. In 2013, ownership consolidated into Sunrise Banks, N.A. Sunrise Banks is one of 90 banks nationwide certified by the U.S. Department of the Treasury as a Community Development Financial Institution. Banks that receive this designation demonstrate a primary mission of community development, a concentration of at least 60 percent of its loans in low and moderate income communities, and a commitment to maintaining accountability to its target market. Sunrise Banks is also a certified B Corp, meaning it demonstrates a commitment to transparency, environmental stewardship and community impact.
Sunrise Banks's primary business lines are commercial lending and leasing, relationship banking, national products and prepaid cards, as well as government lending for new markets, tax credits and small business administration. It is a family-owned bank with a national charter. Sunrise Banks is governed by an advisory board and board of directors composed of local business owners, community representatives and local owners. It is a member of the Global Alliance for Banking on Values, a consortium of the world's leading sustainable banks.