Wainwright Bank
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Wainwright Bank
Wainwright Bank was a nationally recognized socially progressive bank in Boston, lauded as a "rebel with a cause making its reputation as a champion of social-justice causes, throwing its support behind everything from the gay-rights movement and affordable housing initiatives to immigration reform and the anti-Iraq war movement." There are 12 branch offices in Boston, Cambridge, Brookline, Newton, Watertown and Somerville. The current president is Jan A. Miller. Wainwright has made community development, affordable housing, civil and human rights, and other social issues a prominent focus of its activities and has a documented history of leadership in supporting social justice efforts. Wainwright was featured in three recent books on this topic: in 2005, Megatrends 2010: The Rise of Conscious Capitalism by Patrician Aburdene; in 2006, named as a “truly responsible and highly profitable firm that is changing business now” in The High Purpose Company by Christine Arena; and in ...
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Boston, MA
Boston (), officially the City of Boston, is the capital city, state capital and List of municipalities in Massachusetts, most populous city of the Commonwealth (U.S. state), Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th-List of United States cities by population, most populous city in the country. The city boundaries encompass an area of about and a population of 675,647 2020 U.S. Census, as of 2020. It is the seat of Suffolk County, Massachusetts, Suffolk County (although the county government was disbanded on July 1, 1999). The city is the economic and cultural anchor of a substantially larger metropolitan area known as Greater Boston, a metropolitan statistical area (MSA) home to a census-estimated 4.8 million people in 2016 and ranking as the tenth-largest MSA in the country. A broader combined statistical area (CSA), generally corresponding to the commuting area and includ ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Eastern Bank
Eastern Bank is a bank based in Boston, Massachusetts. Before Demutualization, de-mutualizing in 2020, it was the oldest and largest Mutual savings bank, mutual bank in the United States and the largest community bank in Massachusetts. With 95 branches, Eastern had a 3.2% market share in Massachusetts in 2016. It was founded in 1818 in Salem, Massachusetts, Salem, and then moved to Lynn, Massachusetts. The company began an aggressive expansion campaign near the end of the 1990s and moved its headquarters to Financial District, Boston, Boston's Financial District. In 2020, Eastern Bank announced plans to de-mutualize and become a publicly traded corporation. History Eastern Bank was established on April 15, 1818, as Salem Savings Bank and became insured by the Federal Deposit Insurance Corporation on October 1, 1983. On October 19, 1989, Eastern Savings Bank's parent company Lynn, Massachusetts-based Eastern Bank Corporation, renamed it Eastern Bank, and reorganized it into a Holdi ...
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Leadership In Energy And Environmental Design
Leadership in Energy and Environmental Design (LEED) is a green building certification program used worldwide. Developed by the non-profit U.S. Green Building Council (USGBC), it includes a set of rating systems for the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. By 2015, there were over 80,000 LEED-certified buildings and over 100,000 LEED-accredited professionals. Most LEED-certified buildings are located in major U.S. metropolises. LEED Canada has developed a separate rating system adapted to the Canadian climate and regulations. Some U.S. federal agencies, state and local governments require or reward LEED certification. This can include tax credits, zoning allowances, reduced fees, and expedited permitting. Studies have found that for-rent LEED office spaces generally have higher rents and occupancy rates and ...
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Social Justice
Social justice is justice in terms of the distribution of wealth, opportunities, and privileges within a society. In Western and Asian cultures, the concept of social justice has often referred to the process of ensuring that individuals fulfill their societal roles and receive their due from society. In the current movements for social justice, the emphasis has been on the breaking of barriers for social mobility, the creation of safety nets, and economic justice. Social justice assigns rights and duties in the institutions of society, which enables people to receive the basic benefits and burdens of cooperation. The relevant institutions often include taxation, social insurance, public health, public school, public services, labor law and regulation of markets, to ensure distribution of wealth, and equal opportunity. Interpretations that relate justice to a reciprocal relationship to society are mediated by differences in cultural traditions, some of which emphasize t ...
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Socially Responsible Investing
Socially responsible investing (SRI), social investment, sustainable socially conscious, "green" or ethical investing, is any investment strategy which seeks to consider both financial return and social/environmental good to bring about social change regarded as positive by proponents. Socially responsible investments often constitute a small percentage of total funds invested by corporations and are riddled with obstacles. Recently, it has also become known as " sustainable investing" or "responsible investing". There is also a subset of SRI known as "impact investing", devoted to the conscious creation of social impact through investment. In general, socially responsible investors encourage corporate practices that they believe promote environmental stewardship, consumer protection, human rights, and racial or gender diversity. Some SRIs avoid investing in businesses perceived to have negative social effects such as alcohol, tobacco, fast food, gambling, pornography, weapo ...
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Silent Spring Institute
Silent Spring Institute is a nonprofit organization dedicated to studying and reporting primarily on breast cancer prevention, although its research covers other health-related topics as well. Founding and purpose The nonprofit organization was founded in 1994 "as an outgrowth of the Massachusetts Breast Cancer Coalition." It engages in research on the links between risk of breast cancer and exposure to chemicals found in everyday products. Its scientific team does field testing on Cape Cod and collaborates with private and academic laboratories. In 2014 the ''Cape Cod Times'' recalled that: From the start, Silent Spring Institute researchers were interested in whether environmental toxins were having a particular influence on the Cape's drinking water, which is served by a sole source aquifer and leaches through sandy soil that in theory allows wastewater – and contaminants – to drain into the water supply more quickly than through other types of soil. Silent Spring researche ...
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Hoover's
D&B Hoovers was founded by Gary Hoover and Patrick Spain in 1990Solomon, Steve.The Dynamic Duo" '' Inc.''. October 15, 1997. Retrieved on April 7, 2014. as an American business research company that provided information on companies and industries through their primary product platform named "Hoover's". In 2003, it was acquired by Dun & Bradstreet and operated for a time as a wholly owned subsidiary. In 2017, the Hoover's product was re-branded D&B Hoovers. Dun & Bradstreet is headquartered in Short Hills, New Jersey, US. D&B Hoovers has sales, marketing and development resources in Austin, Texas, US. Origins and expansion Hoovers was started in 1990 by Gary Hoover, Patrick J. Spain, Alan Chai, and Alta Campbell. Leading up to this, Hoover had founded the Bookstop book store chain, ultimately purchase by Barnes & Noble. itation neededHoover's initially was called The Reference Press as it published reference books about companies. The company grew rapidly under a business ...
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Companies Based In Boston
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Banks Established In 1987
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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