February 8, 2022

“Recently, MyPillow CEO Mike Lindell shared that Minnesota Bank & Trust and its parent company Heartland Financial USA told him that they no longer wanted to do business with him. Lindell, a prominent supporter of former President Donald Trump, said Minnesota Bank & Trust asked him to close his accounts after the congressional committee investigating the Jan. 6 attack on the U.S. Capitol subpoenaed his telephone records.”

American Banker
February 8, 2022

Maybe “they don’t really understand (reputation risk) as well as they should.”

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Protecting reputational value is at the heart of ESG and the notion of stakeholder capitalism.

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