362 | Creating Community-Wide Change Through Banking with David Reiling

David Reiling is the President and CEO of Sunrise Banks, a mission-driven, values-based bank with locations in Minneapolis/St. Paul, Minnesota and Sioux Falls, South Dakota. David has worked in the community development banking industry for more than 25 years. He is a social entrepreneur and innovator who strives to forge meaningful partnerships, drive sustainable economic growth and create financial empowerment for all.

Awarepreneurs Interview Transcript with David Reiling

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You can read the full transcript of this episode here

Key Topics in Interview with David Reiling, CEO of Sunrise Banks

Introduction to the Episode

  • Host introduction and podcast overview

  • Introduction to the guest, David Reiling

David Reiling’s Background

  • Work history and journey into banking

  • The significance of banking as a lever for change

Early Days at Sunrise Banks

  • Initial setup in Minneapolis, Saint Paul, and Sioux Falls

  • Challenges and the idea of the community-oriented banking model

Concept of Place-Based Community Development Banking

  • Importance of understanding community needs

  • Early experiences like working with the Hmong community and financial literacy

Scaling and Growth of Sunrise Banks

  • Overcoming early challenges like bank robberies

  • Acquisition of other banks and increase in total assets

Navigating Economic Challenges

  • Impact of the great recession

  • Maintaining capital flow in low-income communities

Serving Underrepresented Communities

  • Access to capital challenges

  • Innovations introduced to provide efficient financial services

Technology and Innovation in Banking

  • Expanding prepaid card services

  • Introduction to financial technology solutions

Scaling Up Operations

  • Growth in assets and impact measurement

  • The balance between individual and commercial services

Future Vision and Strategy

  • Plans for future growth and technological advancement

  • Partnerships and collaborations for expanded impact

Closing Thoughts

  • Importance of self-awareness and staying true to values

  • Contact information for guest inquiries

Paul Zelizer