On Tuesday, October 5th, we get a chance to say thanks to the “mensch” of local banks. If you move in local non-profit circles, you know “Wainwright” is the usual answer when people ask, “Know any socially responsible, progressive banks?” Wainwright has helped all manner of causes and programs – housing, poverty, LGBT issues, environmental, youth, recovery, HIV/AIDS, etc. – financially and other ways under the visionary leadership of Co-Chairman Bob Glassman.
Glassman expounded on Wainwright Bank’s philosophy of doing well by doing good in 2007 in American Banker:
“There’s nothing over the years involving our approach to social justice or to the nonprofit community that has inhibited our ability to be profitable,” he said. “If anything, it’s been very supportive of that side of it. The two absolutely mutually reinforce one another.”
Bob Glassman and Wainwright are being honored with the Social Justice Legend Award at a fundraiser Tuesday. The event appropriately benefits the Jewish Alliance for Law & Social Action, whose mission is advocating and organizing for social and economic justice and the protection of constitutional civil liberties. I’ll be there and hope some other BMG’rs will be too. We need to recognize the good guys in the business community.