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June 28, 1999
Greater Boston Business Council Newsletter |
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"Wainwright Bank
opened its newest branch at 687 Centre Street in the heart
of Jamaica Plain. There couldn't be a better match between
community and corporation. Jamaica Plain with it's many
diverse community organizations, and Wainwright Bank,
the quintessential community bank should get along very
well." |
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1999
Balance Sheets |
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"Wainwright Bank in Boston, MA grants each of its 101 employees a generous amount of personal time reserve (PTR) to use however they see fit when scheduling time off from work." |
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Cheryl Garrity,
President,
Massachusetts N.O.W.
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"Even though the world of finance is not known for its socially progressive attitudes, you have not been afraid to speak out against the injustices of the downtrodden and less fortunate." |
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Mary Lassen,
Director,
Women's Educational and Industrial Union |
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"In a society where there are too few people with the deep commitment to social justice needed for the long haul, you have provided example- and leadership." |
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Gary Buseck,
Executive Director and Amelia Craig Cramer,
Former Executive Director,
GLAD |
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"Your contributions to the gay and lesbian community in New England have been unparalleled, and the way in which you combine business with community activism and personal integrity is a model for society" |
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November 29, 1995
The Clean Yield |
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"A few banks, letting their conscience be their marketing guide, are beginning to explore alternatives to the prosperous, Caucasian, heterosexual male as their primary customer. These banks will be discovering rich opportunity, but they will inevitably find that spunky Wainwright Bank & Trust Co. of Boston got there first." |
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| David Ennis and Barbara Cleary, Affirmative Investments |
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"We really appreciate Wainwright's commitment to projects with social value. Your involvement is more than financial and you have been critical partners in solving problems and making things happen. We value our relationship with you." |
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November, 1995
E, The Environmental Magazine
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"If you want your banking dollars to directly benefit the environment, you need a traditional but progressive bank such as . . . Wainwright Bank & Trust Company in Boston." |
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Mark Levinson,
Burns & Levinson LLP
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"In this age of
preoccupation with bottom line considerations, it is refreshing
that the Bank devotes such a healthy percentage of its
loans to non-profit organizations yet still manages, in
a short period of time, to so dramatically increase its
asset base." |
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February 13, 1998
Jewish Advocate |
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"Wainwright has become an industry leader in financing socially responsible community development, including the financing of over 50% of the local housing for people living with AIDS, and the creation of over 500 units of affordable and special needs housing in Boston and Cambridge." |
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Steven Smith,
Director,
Boston Gay Men's Chorus |
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"I have always been impressed that Wainwright is more comfortable living by its values than in publicizing them . . . A company like Wainwright Bank is the best friend a not-for-profit organization could have." |
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Kirk P. Jackson,
Jackson & Jean |
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"One has only to talk with Wainwright's people to sense that your corporate philosophy is much more than good marketing, its a living, working commitment to being a socially sensitive and responsible corporate citizen." |
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1996
Balance Sheets,
Boston |
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"Wainwright Bank, in Boston, MA lobbied for two years to secure DPB [domestic partner benefits] for same-sex partners and was successful in 1994. Continued efforts resulted in opposite-sex, unmarried partner coverage, effective in 1996. As a result of Wainwright's efforts, all 154 member banks of the Massachusetts Bankers Association and the 10,000 people employed by them are also eligible for DPB." |
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Lawrence D. Lowenthal,
Executive Director,
American Jewish Committee,
Greater Boston Chapter |
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"I think it is admirable that a bank would devote important resources to the needs of disadvantaged people, and I personally applaud your enlightened policy." |
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Steven A. Holt,
Manager of Corporate and Foundation Relations,
AIDS Action Committee of Massachusetts, Inc. |
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"I continue to be grateful to you for leading the way in our community's banking industry for setting a progressive social agenda. Personally, it's a delight and treat to work with you and your colleagues to achieve mutually held goals and objectives." |
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November 29, 1995
The Clean Yield
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"Wainwright, like few other financiers in our experience, provides equity where it has been lacking -- developing housing for persons with AIDS and physical and mental disabilities, lending to homeless shelters for abused women, supporting community health centers and food banks. Wainwright actively seeks 'social justice loans,' and they now comprise 14% of the bank's portfolio." |
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Thomas Leavitt,
President of the Board of Directors,
Fenway Community Health Center |
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"Simply, by your community activism, your values and mission, you have directly improved the quality of life for the patients we serve." |
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Larry Kessler,
Executive Director,
AIDS Action Committee of Massachusetts, Inc. |
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"If there was a Nobel Prize for business involvement in the needs of the community, Wainwright Bank would be up there as a top nominee. Your corporate and philanthropic support in the community is a bold act of leadership. It is exciting to watch much larger institutions following in your path." |
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| Patricia Lauzon |
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"It must be personally rewarding to... provide the much needed capital to accommodate housing and social services for the disadvantaged. I also applaud your efforts to attain a culturally diverse Board; many CEOs talk the game; few act upon it." |
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Jan Platner,
Executive Director,
G.L.A.D |
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"Not only did your bank approach us (rather than the reverse), you came to us having done your homework on our community, having named a respected lesbian to your board of directors, and with a sincere attitude of mutual cooperation and mutual values." |
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February 24, 1994
Patriot Ledger, Quincy, MA
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"[Wainwright Bank] has sought to build an identity based on socially conscious programs, which include loans to homeless shelters and housing for people living with AIDS." |
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Jan Platner,
Executive Director,
G.L.A.D |
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"A bank with a social conscience? A bank committed to social justice? A bank that promotes civil rights and dignity for all people, including gay men, lesbians, and people with AIDS? . . . we kept pinching ourselves." |
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Paul Parks, President,
Paul Parks and Associates, Inc. |
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"Far too often Banks in our city have been at a maximum, reluctant to [provide] services to families and businesses in the Black and Hispanic community. Your bank has treated us with respect and this has been so important." |
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April 11, 1994
American Banker
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"John M. Plukas, Wainwright's president, said the move into the gay market is a natural extension of what the board of directors sees as its duty to the community. It lends millions of dollars to homeless shelters, food banks, and housing projects based in the Boston area. It also has openly gay employees, and a gay director." |
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Boomer Kennedy,
Chicago Auto |
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"I wasn't surprised to find myself crying during a talk about AIDS and the homeless . . . but I was pretty shocked that I cried through a talk given by a banker. I'm proud to have all my corporate and personal money parked at your bank." |
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November 29, 1995
The Clean Yield |
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"Wainwright, with less than 1% of the loan activity in Greater Boston, supplies over 60% of the credit for housing of persons with AIDS. Recently, the Greater Boston Business Council conferred their 'Award of Recognition,' one of a shelf full of community awards that WAIN has received." |
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Patti Williams,
Executive Director,
Community Works |
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"Your presentation shocked me. I never thought I would use the term "progressive bank" in my life, but there you are. You are a new phenomenon to this seasoned community activist, a greatly welcomed one." |
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Catherine Brady,
Administrative Coordinator,
Grassroots International |
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"We are thrilled that Wainwright Bank strives to build an inclusive staff, Board of Directors, and customer base. As an organization working to build social and economic justice, we are grateful to be able to have our banking be consistent with our values." |
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Jim Schumaker,
Senior Vice President,
United Bank of Michigan |
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"I applaud your ground-breaking initiative. As a bank executive, and as a gay man, I appreciate and admire others who are willing to accept risks to further progress in matters of social justice and equality." |
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Steven Lydenberg,
KLD & Co., Inc. |
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"It is refreshing to find any corporation, and especially a bank, dedicated to doing business from an entirely new and socially progressive perspective. There are few enough such companies around. But it is especially gratifying to see that a bank with such a mission can grow and thrive." |
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Deborah Goddard,
Associate Deputy Director,
Housing & Neighborhood Development, Public Facilities Department, City of Boston |
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"Your bank has participated in our homeownership agenda as well as those areas into which other conventional lenders have not been so willing to venture, in particular, our initiatives to house the homeless, the mentally ill and persons with AIDS." |
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Michael Donovan,
Clerk/Magistrate,
Suffolk County,
Commonwealth of Massachusetts |
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"Your support for that segment of our population that needs it most, the homeless and those afflicted with AIDS, is unmatched by any other member of the banking industry." |
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Joan Becker,
Director,
Urban Scholars Program |
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"Each year I have seen Wainwright's investment in the community broaden - from crucial social problems such as homelessness to housing for AIDS patients to gangs to hunger." |
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George Downey,
Treasurer,
Greater Boston Food Bank |
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"Speaking as both a client of the bank and the Treasurer of the Greater Boston Food Bank, I was truly impressed with the commitment and performance record the bank has made to community service. Unlike others who give lip service to the community's needs, you folks have clearly "walked the talk." |
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Jacquie Kay,
President,
WPI, Inc. |
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"You have demonstrated your commitment to issues of people of color, the homeless, and those especially who want to establish a sustainable and equitable living condition for themselves, through your banking practices and your choices of where and how you support communities." |
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Jacquie Kay,
President,
WPI, Inc. |
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"I cannot be profuse enough in my belief of your bank's role toward creating new agendas in building a better environment - economically, socially, politically. We are glad to be a "member of the family" and would like to continue to work with you from laying bricks and mortar to participating in the global economy where everyone counts." |
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Christine Sonnhalter,
Executive Assistant to the Mayor,
City of Cambridge |
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"Wainwright does not believe in "Business as Usual." Wainwright is "Business as it Should Be;" community partnership, equality and caring. Wainwright dares to be different - and succeeds." |
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Denise Guerin,
Triantifillou & Guerin, P.C. |
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"I continue to be impressed by Wainwright's socially conscious commitment to serve the entire community, in all its diversity, and I particularly applaud the Bank's growing outreach to the lesbian and gay community. My best wishes for continued success." |
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Raymond Flynn,
Former Mayor of Boston |
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"Working together, we have made great strides in our efforts to provide decent, affordable housing for families in Boston's neighborhoods. I am particularly grateful for the efforts that Wainwright Bank has made to build emergency shelters for the homeless, affordable single room occupancy units for low income people, housing for people with AIDS, and housing for individuals with special needs." |
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October 5, 1996
Boston Globe |
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"The Wainwright Bank & Trust Co. has loaned $4 million to the Committee to End Elder Homelessness to purchase and convert the former Aerated Bread factory at Washington and East Concord Streets in the South End to 40 units of permanent housing." |
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Harvey R. Fleishman,
Shareholder,
Tofias Fleishman Shapiro & Co., P.C. |
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"It is my opinion that Wainwright's social lending practices shine as a beacon of hope to the less fortunate among us, to innovators seeking to solve complex social problems, and to people who have refused to abandon their commitment to the neighborhoods of the city." |
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Jackie Jenkins-Scott,
President,
Dimock Community Health Center |
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"The bank has demonstrated that good banking principles can be compatible with compassion and commitment to improving the health of Boston's most vulnerable communities." |
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Loretta Davis,
Executive Director,
YWCA Cambridge |
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"Your early embrace of our project, your spirit of cooperation and your commitment to preserving single room occupancy housing has immeasurably furthered the YWCA's goal of providing an improved community resource for its affordable housing, health, elderly, teen and mothers' programs and a public forum for the elimination of racism." |
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Timothy Bassett,
Executive Director,
Massachusetts Government Land Bank |
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"Wainwright has combined sound business judgment with community concern to participate in financing beneficial projects in needy neighborhoods." |
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Susan Davies
Women's Housing Initiative |
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"During the past year we have heard many sagas of groups seeking financing for housing projects, and are struck over and over again by the Initiative's luck in finding Wainwright Bank. The bank's commitment to affordable housing is clear from the way it does business with nonprofit groups like ours, and we would like to thank you for that." |
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Winter 1994
AIDS Action Committee UPDATE
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"Wainwright has established a social agenda that seeks to alleviate the suffering of homelessness, hunger, lack of affordable housing, AIDS, and social inequity. Millions of dollars of depositors' money are used to finance projects such as the Pine Street Inn, Rosie's Place, the Greater Boston Food Bank, and various projects that provide housing for individuals and families living with AIDS." |
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Susanne Beaton,
Permanent Housing Coordinator,
Project HOPE |
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"Bob Glassman and his co-workers at Wainwright come with a social conscience and a commitment to reaching out to the inner cities of life." |
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June 25, 1993
Boston Business Journal
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"The [Wainwright]
bank financed the purchase of a 60,000-square-foot warehouse
for the Boston Food Bank, enabling the nonprofit relief
organization to expand its capacity and centralize its
distribution of food to 770 member groups. 'We're really
proud of them,' said Westy Egmont, executive director
of the Food Bank. 'While some of the big banks backed
away from this project because it was non-traditional,
their attitude was that it was a profitable piece of business." |
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Ralph Cooper,
Executive Director,
Veterans Benefit Clearinghouse |
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"The Wainwright Bank & Trust Company provides accessibility to the banking facilities of Boston for minority clients. Traditionally, this group has experienced difficulties in gaining access to financial resources. Through both technical and financial assistance, Wainwright has proven to be a true friend to the Black Community." |
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