January 5, 2011: Western Bank receives three prestigious awards
St. Paul, MN. (January 5, 2011): Western Bank was recently recognized by Hubler for Business Families, the Minneapolis Regional Chamber of Commerce and the U.S. Local Business Association.
2010 Minnesota Family Business Award
Hubler for Business Families recently announced the distinguished list of finalists for the 2010 Minnesota Family Business Awards. Chosen by an impartial selection committee that reviewed well-wrought applications packets from more than 50 of Minnesota's premier family businesses, Western Bank was one of only eight finalists and given an award for economic development. For the past three generations, the Sands family has successfully led Western Bank, whose core values include giving back to the communities it serves.
"We have always had a strong commitment to have our community grow with us,â€? says Julie Sands Causey, Chairman of Western Bank. "The heart and soul piece is that the work we do here is really impactful,â€? says Julie. "We help companies survive longer and become more financially viable, and when that happens, we are maximizing our stakeholders' value, which, in turn, helps our customers, our communities and helps us; it all works together.â€?
The Minnesota Family Business Awards are dedicated to recognizing outstanding Minnesota-based family businesses, and promoting the considerable value family businesses bring to the state's economy and quality of life. The awards were established to recognize family businesses as a vital piece of the economy and an important part of the fabric of our communities.
2010 Minnesota Keystone Award
The Minneapolis Regional Chamber of Commerce recently named Western Bank as one of only three winners of its 2010 Minnesota Keystone Honorees for charitable giving. The winners were chosen from nearly 200 Minnesota Keystone member companies. Western Bank won the small company category (75 or fewer full-time employees) and gives at least five percent of its annual profits back to the community, supporting such groups as Big Brother Big Sisters, Center for Victims of Torture, East Side Neighborhood Services, Greater Frogtown CDC and the Jeremiah Program.
2010 Best of St. Paul Award
For the third consecutive year, Western Bank was selected for the 2010 Best of St. Paul Award in the Banks category by the U.S. Local Business Association (USLBA). The USLBA "Best of Local Business" Award Program recognizes outstanding local businesses throughout the country. Each year, the USLBA identifies companies that they believe have achieved exceptional success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and community. Nationwide, only 1 in 120 (less than 1%) 2010 Award recipients qualified as three-time Award Winners. Various sources of information were gathered and analyzed to choose the winners in each category. The 2010 USLBA Award Program focused on quality, not quantity. Winners are determined based on the information gathered both internally by the USLBA and data provided by third parties.
About Western Bank
Founded in 1915, Western Bank is an independent, community bank dedicated to meeting the specialized needs of businesses and offering a full range of services to all of our customers. The bank has five geographically dispersed locations serving customers throughout the Twin Cities metropolitan area. The corporate office still serves the original St. Paul, Minnesota neighborhood in which it started, with other offices in Edina, Maplewood, Mounds View, and Oakdale. Western Bank has assets of nearly $350 million and provides a full line of deposit and loan services to businesses, nonprofit organizations and individuals. Western Bank has always found ways to help customers, to improve the quality of life in our communities, to return profit to shareholders and to care for its employees. Visit www.western-bank.com for more information.
Information Regarding Forward Looking Statements:
This press release contains forward-looking statements. The statements regarding Western Bank contained in this release that are not historical in nature, particularly those that utilize terminology such as "may," "will," "should," "likely," "expects," "anticipates," "estimates," "believes" or "plans," or comparable terminology, are forward-looking statements based on current expectations and assumptions, and entail various risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements. Western Bank undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
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