News Environment Environmentally Responsible Banking in Massachusetts By Melissa Hincha-Ownby Writer Arizona State University Melissa Hincha-Owny is a business writer who has covered topics ranging from personal finance and corporate social responsibility to parenting. our editorial process Melissa Hincha-Ownby Updated December 24, 2019 Wainwright Bank put a premium on being green before it was trendy. (Photo: Christopher Schmidt [CC by 2.0]/Flickr) Share Twitter Pinterest Email News Environment Business & Policy Science Animals Home & Design Current Events Treehugger Voices Washington Mutual and IndyMac were just two of the 25 banks that made the FDIC’s Failed Bank List in 2008. Despite the record setting year for bank failures, one Massachusetts bank is thriving with its focus on socially and environmentally responsible banking practices. Wainwright Bank & Trust is rated as a four star institution by BauerFinancial (five stars being the best); with this rating, the bank make’s BauerFinancial’s recommended institutions list. Wainwright offers all of the traditional business and personal banking services but adds social and environmental activism to its mission. Wainwright was a green bank before the word green became such a buzzword. The bank provides discounts on home equity loans that are used to make eco-friendly upgrades on a property, a certificate of deposit program that serves as a line of credit for a Fair Trade merchant, discounts on hybrid auto loans and millions in loans to environmentally focused nonprofits. Not only do they offer green banking products, they utilize green building practices and have two LEED certified branch locations. The Wainwright branch in Newton Centre is LEED Gold certified and the location in Coolidge Corner is a LEED Silver certified property. Wainwright Bank & Trust should be the model of green banking for other financial institutions across the United States.