As a Community Development Financial Institution (CDFI),

Sunrise

For more than 60 years, Sunrise Banks has been lending for positive social good. Based in Saint Paul, Minnesota, it claims to be the “world’s most socially responsible bank”. It’s a tall claim – but judging from the contents of its latest social impact report, one that it proudly lives up to.

In 2022, Sunrise's Twin Cities Road Crew toured Saint Paul and neighboring Minneapolis, helping nearly 150 teachers to deliver lessons in financial literacy and empowering 3,300 low-to-middle-income students with the confidence to save, spend and bank wisely.

Last year, Sunrise Banks provided US$1.245bn in loans including nearly $150m to consumers – as well as $1.1bn to businesses and the third sector, including $25m to affordable housing projects, $87m towards economic development, and $186m for the region’s small businesses. It is this local yet high-impact lending that is the driving force behind Sunrise’s mission as a responsible, community-driven lender.

What is Sunrise Banks?

“Sunrise Banks is a social enterprise that just happens to be a bank,” says Tyler Seydel, the company’s Chief Fintech Officer. He believes there is a “double bottom-line” component to everything the bank does. Of course there is the usual margin component, which allows it to remain profitable and sustainable. But more important is the mission component, which champions positive social impact through the products they offer.

Tyler Seydel

TITLE: CHIEF FINTECH OFFICER

COMPANY: SUNRISE BANKS

INDUSTRY: BANKING

LOCATION: UNITED STATES

Tyler Seydel is the Chief Fintech Officer at Sunrise Banks.

Tyler has spent 15+ years in the prepaid/national products space. In his tenure, he has worked in compliance, BSA, TPR and risk; managed core as well as national products operations; and led sales, business development, strategy and innovation.

Tyler earned an MBA, as well as his CRCM. Tyler is driven and competitive and spends time volunteering in the community through avenues such as Feed South Dakota. He is a new parent to a bubbly young boy and enjoys cigars in his fleeting free time.