Wainwright Bank Named One of the World's Top 20 Sustainable Stocks
August 18 2006 - 11:22AM
PR Newswire (US)
Companies chosen for environmental and financial strength BOSTON,
Aug. 18 /PRNewswire-FirstCall/ -- SustainableBusiness.com has
announced the 2006 SB20: 20 Companies Changing the World (For The
Better!), which includes Wainwright Bank & Trust Company
(NASDAQ:WAIN) of Boston. The list is presented in The Progressive
Investor newsletter, published by SustainableBusiness.com, which
tracks the emerging marketplace of environmentally committed
publicly traded companies. To choose the 20 companies that make up
the list, twelve leading social/environmental investment analysts
nominated companies; four served as judges to make the final
decisions. "Our goal is to create a list that showcases public
companies that, over the past year, have made substantial progress
toward sustainability within their business or are leading the way
with technology that can significantly contribute to a sustainable
society," said Rona Fried, Ph.D., SustainableBusiness.com CEO and
Editor of The Progressive Investor. "Wainwright Bank is on the list
because this year it issued the first company-specific Certificate
of Deposit in the U.S. -- the Equal Exchange CD. The CD provides
this employee-owned pioneering Fair Trade company a line of credit
which helps them expand." "We are honored to be recognized among
the rapidly growing Socially Responsible Investment (SRI)
community," said Jan Miller, President and CEO of Wainwright Bank
Founded in 1987, Wainwright Bank is a socially progressive
commercial bank with assets of $800 million and 11 branches
primarily serving the neighborhoods of Greater Boston. Over 40% of
the Bank's commercial loan portfolio is dedicated to local social
justice initiatives including affordable housing, homeless
shelters, HIV/AIDS services, community health centers and
environmental protection among others. Within the last decade
Wainwright has provided loan commitments of over $500 million to
these types of initiatives. Steven F. Young Senior Vice President
Wainwright Bank & Trust Company (NASDAQ:WAIN) telephone (617)
478-4000 fax (617) 439-4854 e-mail website
http://www.wainwrightbank.com/ DATASOURCE: Wainwright Bank &
Trust Company CONTACT: Steven F. Young, Senior Vice President, of
Wainwright Bank & Trust Company, +1-617-478-4000, Web site:
http://www.wainwrightbank.com/ http://www.sustainablebusiness.com/
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