First Women’s Bank Announces New Mission Partners Airbnb, BCG, Principal®, Salesforce and Envestnet have joined the Bank to help close the gender gap in access to capital

CHICAGO–()–First Women’s Bank (FWB) announced that Airbnb, BCG, Principal Financial Group®, Salesforce and Envestnet are the Bank’s new mission partners. The companies join a growing list of FWB Mission Partners that includes Aon, Comcast Corp., Microsoft, United Airlines, Wendy’s, William Blair and the Western Golf Association, as well as other supporters, including investor and strategic adviser Billie Jean King and strategic advisers Sophia Bush and Nia Batts. Earlier today, FWB also announced that Allyson Felixthe most decorated track and field Olympian in history, founder and president of Saysh, and advocate for women’s equity, has joined the FWB as a strategic advisor.

“Closing the gender gap in lending is a critical step towards achieving gender equality, and First Women’s Bank is the bank to do it,” said Marianne Markowitz, President and CEO of First. Women’s Bank. “First Women’s Bank will help bridge this gap and promote more inclusive economic growth with the support of our mission partners and the pioneering women who have joined FWB as strategic advisors.

Support from FWB’s Mission Partners helps expand economic opportunities for all small businesses with a strategic focus on the women’s economy. FWB’s innovative strategy combines loans from the National Small Business Administration with deposits from these mission-aligned companies to create accessible financing for small businesses.

“Women have always been and continue to be a driving force in the Airbnb community,” said Ellie Mertz, vice president of finance for Airbnb, Inc.We are proud to be a mission partner of First Women’s Bank and to invest in women and women-led businesses to close the gender gap in lending.

“First Women’s Bank’s mission to grow the economy while advancing the role of women touches me deeply,” said Sharon Marcil, BCG President for North America. “BCG research shows that diversely run businesses are more resilient to unforeseen change, and the FWB supports this idea by amplifying the power of the women’s economy through education and financing. To that end, BCG is proud to partner with FWB as a mission partner.

“Director® is committed to bringing financial security within reach of more people, with a historical focus on small and medium-sized businesses,” said Dan Houston, president, president and chief executive officer of Principal®. “Vibrant, thriving businesses support economically vibrant communities, and we are honored to work with First Women’s Bank, who share our vision for a more inclusive and financially sustainable world.

“Equality is a core value at Salesforce, and we recognize the importance of ensuring women founders, as well as women-led and women-focused businesses, have equal access to capital,” said Amber Chi, Vice Senior President and Deputy Treasurer, Salesforce. “We are proud to be one of First Women’s Bank’s Mission Partners and will continue to support their mission to expand economic opportunity for women.

“At Envestnet, we are focused on empowering consumers, small business owners, and everyone else to achieve a Smart Financial Life™ through our ecosystem of technology, data intelligence, and solutions. By partnering with like-minded organizations that share this mission, we are better able to deliver on this promise,” said Mary Ellen Dugan, Chief Marketing Officer at Envestnet.. “Together with First Women’s Bank, we are proud to help women-owned businesses that rely on loans and credit maintain and grow their operations, better connect, grow and manage the financial well-being of their business.

“Our clients come to us with a dream to own, grow and grow their business,” Markowitz said. “With the support of our mission partners, shareholders, advisors and our deeply committed team, First Women’s Bank provides the capital, resources and community to help our clients and their businesses grow and thrive.

About First Women’s Bank

First Women’s Bank is the nation’s only commercial bank founded, owned and led by women with a mission to grow the economy and elevate the role of women in it. The Bank serves a national loan and deposit market from its flagship location in Chicago.

FWBank is a member of the FDIC and Equal Housing Lender.

For more information, visit www.FirstWomens.Bank.

About Airbnb

Airbnb was born in 2007 when two Hosts welcomed three guests into their San Francisco home. Since then, it has over 4 million Hosts who have hosted over a billion guests in almost every country in the world. Every day, Hosts deliver unique stays and experiences that allow travelers to connect with communities in more authentic ways.

About BCG

Boston Consulting Group partners with leaders in business and society to address their biggest challenges and seize their biggest opportunities. BCG pioneered business strategy when it was founded in 1963. Today, we work closely with our clients to take a transformational approach aimed at benefiting all stakeholders, enabling organizations to grow, create a sustainable competitive advantage and have a positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that challenge the status quo and spark change. BCG offers solutions through cutting-edge management consulting, technology and design, and digital business and enterprise. We work in a uniquely collaborative model across the business and across all levels of the client organization, fueled by the goal of helping our clients thrive and empowering them to make the world a better place.

About Principal Financial Group®

Main financial group® (Nasdaq: PFG) is a global financial company with 19,000 employees1 passionate about improving the wealth and well-being of people and businesses. In business for over 140 years, we help over 55 million customers1 plan, protect, invest and retire, while working to support the communities where we operate and build a diverse and inclusive workforce. Director® is proud to be recognized as one of America’s 100 Most Sustainable Companies2member of the Bloomberg Gender Equality Index, and in the Top 10 »Best Workplaces in Money Management3.” Learn more about Principal and our commitment to building a better tomorrow at principal.com.

September 1 to 30, 2022

2 Barrons, 2022

3 Pensions and investments, 2021

About Salesforce

Salesforce, the global leader in CRM, empowers businesses of all sizes and in all industries to digitally transform and create a 360° view of their customers. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com.

About Investnet

Envestnet, Inc. (NYSE: ENV) is transforming the way financial and wellness advice is delivered. Our mission is to empower advisors and financial service providers with innovative technologies, solutions and intelligence to make financial well-being a reality for everyone. Nearly 106,000 advisors and approximately 6,900 companies, including: 16 of the top 20 U.S. banks, 47 of the top 50 wealth management and brokerage firms, more than 500 of the largest RIAs, and hundreds of FinTech companies, leverage leveraged Envestnet technology and services that help drive better outcomes for businesses, advisors and their clients.

Comments are closed.