Wainwright Bank Ranked 18th Among the Nation's '100 Best Corporate Citizens'
27 April 2006 - 5:00PM
PR Newswire (US)
BOSTON, April 27 /PRNewswire-FirstCall/ -- Wainwright Bank &
Trust Company (NASDAQ:WAIN) has been ranked eighteenth among the
"100 Best Corporate Citizens" for 2006 as announced today by
Business Ethics Magazine today. The aim of the listing is to
identify firms nationwide that excel at serving a variety of
stakeholders with excellence and integrity. The list applies a
numerical rating on service to these various stakeholders. The data
used to compile the list are obtained from Socrates, a database
created by KLD Research & Analytics, an independent research
firm serving investment professionals since 1988. "As one of the
country's leading socially progressive financial institutions, we
are honored to receive this recognition of our commitment to all
our stakeholders -- customers, employees, communities and
shareholders alike," said Jan A. Miller, President and CEO of
Wainwright Bank. Firms on the list are ranked on service in eight
stakeholder categories: shareholders, community, governance,
diversity, employees, environment, human rights, and product. For
example, the shareholder score is based on three-year average total
return (stock appreciation plus dividends) through 2005. The
community score is provided for charitable giving, support for
housing and education, and volunteer programs. Wainwright Bank is
one of only two banks on the list to rank in the top twenty. The
list appears in the Spring 2006 issue of Business Ethics and can be
viewed on their website at http://www.business-ethics.com/. Founded
in 1987, Wainwright Bank is a socially responsible commercial bank
headquartered in Boston with assets of $780 million primarily
serving neighborhoods in Boston, Cambridge, Brookline, Newton,
Watertown and Somerville. Over 40 percent of the Bank's commercial
lending portfolio is committed to progressive community development
initiatives including affordable housing, homeless shelters,
HIV/AIDS services, community health centers, and environmental
issues to name a few. Wainwright's commitment to supporting social
justice issues has been widely recognized including being named one
of the 11 Best Lenders to Women in the U.S. and one of the Top 10
Best "Green" Banking Firms nationwide. Steven F. Young Telephone
(617) 478-4000 Senior Vice President Fax (617) 439-4854 Wainwright
Bank & Trust Company E-mail (NASDAQ symbol "WAIN") Website
http://www.wainwrightbank.com/ DATASOURCE: Wainwright Bank &
Trust Company CONTACT: Steven F. Young, Senior Vice President,
+1-617-478-4000,
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