Our Story

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 six 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:

  1. Commercial Lending & Leasing
  2. Relationship Banking
  3. National Products including a growing Prepaid Card division
  4. 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 of Sunrise Banks
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:

  1. A primary mission of community development;
  2. Originating 60% of its loans in low and moderate income communities;
  3. Maintaining accountability to its target market through its governance structure and business model.

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.

Sunrise has expanded its influence globally by recently becoming a member of the Global Alliance for Banking on Values, a network of 20 of the world’s leading sustainable banks from Asia, Africa, Latin America, Europe, and North America that use finance to deliver sustainable development for underserved people, communities and the environment.   


Sunrise Banks is a family owned, nationally chartered community bank.  The unique corporate structure of Sunrise embeds the organization in the local inner cities it serves and is governed through an advisory board and board of directors comprised of local business owners, community representatives, and local ownership.  

Market focus, products and service

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

Our Socially Responsible Deposit Fund (SRDF) allows bank depositors the option to designate their funds to revitalize our urban landscape.  The SRDF deposits support loans for affordable housing, small business development, and not-for-profit entities.  

The organization’s mission focused approach, national charter, and innovative spirit, have catapulted Sunrise onto national platforms.  Our lending is local, but our community development scope is national.  For example, we 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.  Our Prepaid division helps us bring this journey to a national level and puts our goals within reach by offering Prepaid Card programs which seek to serve the unbanked and underbanked.