In October, Albina Community Bank became a certified B Corporation, joining only ten other banks in the world to earn that certification.
B Corp certification for a business can carry the same weight that a Fair Trade certification does for coffee or a USDA Organic certification would for milk. B Corporations are for-profit companies that have been certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency. The standards measure a company’s impact on all stakeholders, including its workers, suppliers, community, customers and the environment.
“We know that our success is inherently linked to our people, our customers and our communities,” said Cheryl Cebula, Albina’s president and CEO. “Our B Corp certification reinforces our commitment to do what’s right, and gives us a road map for improvement.”
With an established reputation for making a positive impact in Portland’s neighborhoods, Albina has a mission of promoting community development and boosting local economic opportunity. The bank works in market niches that are often under served by other financial institutions.
“As we celebrate Oregon Community Bank Week, Albina looks forward to amplifying the significant role community banks and B Corps can play in development efforts, by stimulating the local economy to produce jobs and create new opportunities,” said Cebula.
For more information, call 503-287-7537 or visit www.albinabank.com.