In the age of innovation, it is now more important than ever to find technology solutions at every financial level. David Reiling, CEO of Sunrise Bank, explains how they built a strategy on inclusivity and underserved populations, where customer driven innovation powered their rapid growth and when the community succeeds, banking succeeds.
David Reiling is a social entrepreneur, who is an innovator in community development finance and financial inclusion. He is the Chief Executive Officer of Sunrise Banks and has been in the community development banking industry for more than 25 years. Under David’s leadership, Sunrise Banks became the first Minnesota bank certified as a Community Development Financial Institution (CDFI), a certified B-Corp, a legal Benefit Corporation, and a member of the Global Alliance of Banking on Values.
Sunrise has grown its assets and social and environmental impact tenfold since David’s arrival in 1995. Sunrise’s total assets exceed $1.4 billion and is ranked by B Lab as one of the best banks in the world for positive social and environmental impact. Sunrise executes a two-fold strategy under one mission: to be The Most Innovative Bank Empowering Financial Wellness. As a place-based community development bank, it serves the urban core of Minneapolis and St. Paul, Minnesota. As a people-focused financial institution, Sunrise partners with values-aligned financial technology firms to provide better access to convenient, easy-to-use, and fairly-priced financial services globally.
Colleagues call David creative, entrepreneurial, and innovative. Employees say he walks the talk of a values-driven leader. His love for travel blends naturally into his work as he gains lessons from the road to inspire his team and position the enterprise to thrive and relentlessly cultivate innovative ideas. Today, you can find David engaged with the cutting edge of fintech, financial wellness, and responsible innovation.
David is currently a board member of the Entrepreneur’s Organization of Minnesota and the Community Development Bankers Association. He is immediate past-Chair of the Consumer Financial Protection Bureau’s Community Bank Advisory Board. David has been recognized by Minneapolis-St. Paul Business Journal as a Most Admired CEO and by Ernst & Young as Entrepreneur of the Year. Trust Across America named him Most Trusted CEO for five years running and recently gave him their Lifetime Achievement Award.
David is a graduate of the University of San Diego and the University of Wisconsin Graduate School of Banking. He is an avid surfer, bicyclist, and traveler. David and his wife live in Minneapolis and enjoy watching their three children forge their own paths.
Produced by Natalie Robson, Producer, Provoke.fm
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