Wainwright Bank & Trust Company
Wainwright Bank & Trust Company (Wainwright) is a publicly traded commercial bank (NASDAQ – WAIN) headquartered in Boston and recognized as a leading socially responsible community bank. Full-service banking is offered with an array of personal, business and nonprofit deposit accounts and loans.
Wainwright predominantly serves the urban communities (70%) of eastern Massachusetts and southern New Hampshire, with the majority of clients located in the Greater Boston area.
Mission
Wainwright resolves to be a leading socially responsible bank. In its model of inclusion, employees, customers and communities have an equal place at the table alongside stockholders. Wainwright professes that each of these constituencies is best served when all are served.
Programs
With an active commercial lending operation and products such as debit cards and telebanking, Wainwright outwardly resembles most other banks. Wainwright’s social justice agenda is where there is divergence from traditional banks, providing a unique identity and committed client base.
Wainwright hosts CommunityRoom.net, which provides a free website to every nonprofit client of the bank and the ability to accept online donations. Each nonprofit creates and edits its own web content. Wainwright currently serves over 300 local nonprofits.
Wainwright has taken a lead role in promoting financial literacy for inner-city residents with its Financial Empowerment program. The bank has a dedicated Community Development Officer who provides basic financial information to youths and residents of inner-city neighborhoods.
Wainwright offers a Green Loan program, which offers a discounted, fixed rate Home Equity Loan for homeowners to install solar energy systems.
On December 1, 1997 Wainwright purchased 32% of the equity in Trillium Asset Management Corporation (TAMC). This alliance allows both companies to broaden the services we provide our respective clients.
Impact
In the last 10 years Wainwright has made over $300 million in socially responsible community development loans for projects such as homeless shelters, food banks, special needs housing, HIV/AIDS services, breast cancer research, immigrant support services and environmental protection.
Wainwright has committed over $11 million in financing to housing for individuals and families living with HIV/AIDS, representing 50% of these projects built in the Greater Boston area.
Wainwright has developed Personal Financial Planning for Women seminars to help women become financially independent.
Items of Note
Wainwright is an endorser of the CERES Principles.
In 1992, Wainwright was the first bank in Massachusetts to offer employees same-sex domestic partner benefits.
Wainwright has “Casual for a Cause Fridays,” when employees pay a fee to dress casually; the total amount raised is matched by the bank and is given to a nonprofit nominated by the employees.
Investing with Wainwright
On behalf of our clients, TAMC made its first investment with Wainwright in 1998. We currently manage $170,000 that is invested in Wainwright market-rate certificates of deposit. TAMC will make investments with Wainwright of at least $5,000 for a minimum of two years.
