Stay Curious. Stay Connected.
MailNewsletters♡Donate Now
Sign up
*
Password must be at least 8 characters and contain one uppercase letter, one lowercase letter, one number and one symbol
Already have an account?
Sign in to your profile
Forgot Password?
New to MPR News?
Welcome back
to news
for you
Reset Password

Enter the username on file and we'll send you a code to reset your password.

Still require assistance or not sure what your User Name is?
Welcome back
to news
for you
Email Verification

A verification code has been emailed to

Still awaiting the code?

Sunrise Banks CEO on filing to be a public benefit corporation

Sunrise Bank
Tiffany Jackson, right, a customer service representative, works at the front desk at Sunrise Bank Feb. 20, 2014 in St. Paul.
Jennifer Simonson/MPR News

Go Deeper.

Create an account or log in to save stories.

Like this?

Thanks for liking this story! We have added it to a list of your favorite stories.

Minnesota joined at least 26 other states when it passed legislation last session that creates a new kind of corporate structure for companies that want to do more than just make a profit.

Several Minnesota businesses have taken advantage of the new law and filed to become public benefit corporations.

Public benefit corporations will have to produce some kind of positive benefit for society or the environment - not just shareholders - and report that impact to the Secretary of State's office.

Sunrise Banks was among the companies that lobbied for the change - and filed when the law took effect this month. CEO David Reiling joins The Daily Circuit to discuss the law.