Wainwright Bank Named to Globe 100

BOSTON, May 18 /PRNewswire-FirstCall/ -- Wainwright Bank & Trust Company (Nasdaq: WAIN), a leading socially progressive bank, has been named to the 22nd annual "Globe 100" list of top performing public companies in Massachusetts.

The Globe 100 list is based on a composite score derived from financial data for the four quarters ending December 31, 2009.  Wainwright Bank was ranked 32 among Massachusetts-based companies whose stock is publicly traded on NASDAQ, New York Stock Exchange or American Stock Exchange.  Wainwright was the highest ranked bank in the state.  

"Companies on the Globe 100 list represent the very best in Massachusetts business. These companies show vision and set examples for how to adapt to a tough economic climate," said Shirley Leung, business editor of The Boston Globe.

To qualify for the Globe 100, a company must have been public for the entire 2009 calendar year and have reported a positive net income for both 2008 and 2009.

"Considering the competitive and economic challenges to performing well in the banking industry last year, we are pleased to be included in the Globe 100," said Jan A. Miller, President & CEO of Wainwright Bank.

The Globe 100 website (boston.com/globe100) features all of the magazine's coverage along with exclusive video, interactive photo galleries and charts, and multimedia presentations.

About Wainwright Bank

Founded in 1987 and headquartered in Boston, Wainwright Bank is a leading socially progressive bank with assets of over $1 billion and 12 branches throughout Greater Boston.  Over 50% of the bank's commercial lending portfolio is dedicated to community development initiatives including affordable housing, homeless shelters, HIV/AIDS services, community health centers, and environmental issues to name a few.  Wainwright's commitment to social justice has been widely recognized including being named one of the Top 20 Sustainable Stocks in the world by SustainableBusiness.com and one of the Top 10 Best "Green" Banking Firms by the Social Investment Forum.

About the Globe 100 ranking methodology

The Globe 100 ranks Massachusetts-based public companies based on financial data from the four quarters ending closest to December 31, 2009, and for corresponding quarters a year earlier.  To be eligible, the company must be traded publicly for the entire 2009 calendar year on the New York Stock Exchange, the NASDAQ or the American Stock Exchange and report revenue and profit for both 2008 and 2009.  Companies are ranked on four criteria: return on average equity, one-year percentage change in revenue, one-year percentage change in profit margin and 2009 revenue.

SOURCE Wainwright Bank & Trust Company