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Wainwright
Bank & Trust Company Added to
KLD's Domini 400 Social Index
BOSTON,
MA - November 15, 2004 - KLD Research & Analytics, Inc.,
an independent investment research firm, announced today
that Wainwright Bank & Trust Company (WAIN) has been added
to KLD's Domini 400 SocialSM
Index (DS 400 Index). Wainwright Bank & Trust Company
is headquartered in Boston, Massachusetts.
Wainwright Bank & Trust Company is a community bank
that offers both commercial and private banking services.
The company's primary business focuses on commercial and
residential loans and mortgages, investment management
services, and traditional bank services (depository accounts,
CDs, checking, etc.). Wainwright Bank also strives to
service affordable housing, community development and
non-profit organizations.
Reasons KLD added the company
to the Domini 400 Social Index
- The company's mission
statement outlines its commitment to being a leader
in socially responsible lending. The company's management
philosophy embraces the interests of multiple stakeholders,
including employees, customers, and communities. The
company believes that employees, customers, community
leaders, and shareholders must play an active role in
shaping the direction of the bank.
- Wainwright Bank &
Trust Company has a longstanding and exceptional commitment
to supporting projects that benefit the economically
disadvantaged and "disenfranchised." In FY
2003, community development loans accounted for 29%
of the company's commercial loan portfolio. These loans
were awarded not only to housing for low-income residents,
but to organizations that provide services for the homeless;
special needs housing; and housing for people with AIDS.
- Wainwright Bank & Trust
Company's charitable giving program is exceptionally
generous for the banking industry. In FY 2003 the company
donated 3% of trailing three-year net earnings before
taxes (NEBT) to charity, compared to an average of 0.98%
for the financial sector. In addition, the company hosts
an online forum for charitable donors and nonprofits
to exchange information.
- The company has strong
representation of women and minorities in senior management
and on its board. Three women serve among the company's
twelve principal senior line executives. Four of the
company's ten-member board of directors are women or
minorities.
- Wainwright Bank & Trust
Company has a policy against discrimination based on
sexual orientation and provides domestic partner medical
benefits to qualified employee partners.
About the KLD Family of Indexes
KLD’s
family of social, environmental and sustainability indexes
include: the Domini 400 SocialSM
Index (DS 400 Index), launched in 1990, is the established
benchmark for measuring the impact of social screening
on financial performance; the KLD Catholic Values 400SM
Index, launched in 1998, is modeled on KLD's DS 400 Index;
the KLD Broad Market SocialSM
Index (KLD BMS Index), launched in 2001, is the screened
subset of the Russell 3000® Index; the
KLD Large Cap SocialSM
Index (KLD LCS Index), launched in 2001, is the screened
subset of the Russell 1000® Index; the
KLD NASDAQ Social Index (KLD NS Index), launched in 2002,
is modeled on the NASDAQ Composite Index; the KLD Select
SocialSM Index, launched
in 2004, is the first US index maximizing sustainability
factors.
About KLD Research & Analytics,
Inc.
KLD Research & Analytics, Inc. is an independent investment
research firm providing investment management tools used
by professionals to serve clients requiring investment
strategies based on social and environmental responsibility.
KLD products and services, including Socrates (a web-based,
company research tool) are used for screening, compliance
and asset gathering.
For more information about KLD or its family of Indexes,
please see our website (www.kld.com)
or contact Karen Agredo by phone (617.426.5270) or via
e-mail (kagredo@kld.com).
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