Wainwright Bank & Trust Company · Boston, MA United States ·(NASDAQ (GM): WAIN)
Company Description
Phone: 617-478-4000
Fax: 617-478-4080
Toll Free: 800-428-2265
View Wainwright Bank & Trust Company Locations On A US Map
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This link will open in a new window You don't have to be Loudon, Rufus, or Martha to bank here. Wainwright Bank & Trust serves musical and non-musical customers alike from about a dozen branches in the Boston area. Serving individuals, businesses, municipalities, and not-for-profits, the bank is dedicated to progressive causes; it provides financing to organizations involved in affordable housing, preservation of natural resources, diversity programs, and health care for the homeless, elderly, and mentally disabled. It also originates "green loans" -- reduced-rate home equity loans for solar energy installations. Wainwright Bank owns about 30% of Trillium Asset Management, a socially active investment manager. To read the full description, subscribe now.
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Key Wainwright Bank & Trust Company Financials
| Company Type | Public - NASDAQ (GM): WAIN Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $30.8 |
| 2008 Employees | 159 |
Wainwright Bank & Trust Company Executives
43 executives listed for Wainwright Bank & Trust Company's Boston, MA location.
| Title | Name & Bio | Contact |
| Co-Chairman | Robert Glassman | Network |
| Co-Chairman | John Plukas | Network |
| President, CEO, and Director | Jan Miller | Network |
Competition
Competitive Landscape for Wainwright Bank & Trust Company
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Wainwright Bank & Trust Company Competitors
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