October 13, 2026

ST. PAUL, Minn. (October 13, 2026) - Sunrise Banks, a values-based bank with locations in Minneapolis/St. Paul and Sioux Falls, S.D., has been awarded more than $1.3 million by the Community Development Financial Institution (CDFI) Fund Off Site Link.

Sunrise Banks received three CDFI Awards, which will be invested in the institution's local communities, with specific purposes to benefit low-income areas and customers.

"This recognition reinforces that your impact makes a huge difference for our customers and communities every day," says Bryan Toft, Chief Revenue Officer at Sunrise Banks. "I'm incredibly excited about what these resources will allow us to accomplish together."

The awards are:

• Financial Assistance Award ($881,000): The FA Award is a federal grant provided to certified CDFI's to build capital, finance community investments and expand lending in low-income or distressed communities. Sunrise Banks will direct these funds to expand their footprint in South Dakota over the next three years.
• Small Dollar Loan Program ($146,434): The SDLP provides grants to help certified CDFIs to help establish or expand small-dollar loan programs. This will be used to expand the BeneMoney lending program Off Site Link, which provides more affordable loans than credit cards through an employer's benefits.
• Bank Enterprise Award ($280,780): The BEA Program is an award for FDIC-insured institutions increasing their community development activities in economically distressed communities. It requires funds to be reinvested in community development activities or distressed communities. These funds will support Sunrise Banks' commitment to helping with community development.

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ABOUT SUNRISE BANKS

Sunrise Banks is no ordinary bank; we strive to be a place where money and values meet for our customers and our communities. We do this by prioritizing social responsibility, community impact and environmental sustainability alongside innovative financial products and services. With bank locations in Sioux Falls, South Dakota and Minneapolis/St. Paul, Minnesota - along with a fintech and payments division based in Sioux Falls - Sunrise Banks seeks to build meaningful relationships, empower financial wellness and drive positive change.

Sunrise Banks is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI), a designation earned by less than five percent of banks nationwide. Sunrise Banks is also a member of the Global Alliance for Banking on Values and a certified B Corporation for its demonstrated commitment to transparent corporate governance and positive community impact. Visit sunrisebanks.com to learn more.

Media Contact:

Amanda Theisen, Communications Manager

651-206-2569

[email protected] Off Site Link

Member FDIC