Edgartown-based Martha’s Vineyard Bank has become the first bank in the state to become a certified B corporation, a designation for mission-driven companies that pursue social or environmental goals.

The bank announced the certification at its annual meeting at the end of May. It joins four other community banks in other New England states and 13 across the country that have subjected themselves to a multi-year series of tests and oversight run by the nonprofit B Lab. Launched in 2006, B Lab has certified only around 3,000 corporations worldwide.

Well-known B corporations include Patagonia, Bigelow Tea, Allbirds, King Arthur Baking Co., Athleta, New Belgium Brewing, Ben & Jerry’s and paper products maker Seventh Generation.

“As a local community Bank with more than a century of success helping our neighbors realize their dreams, we’ve seen that incredible things are possible when you invest in those who are invested in their communities. Wherever we can, we bring our resources, expertise, and energy to meeting the most urgent local needs, with a focus on keeping our communities strong by working together for the common good. Certification as a B Corporation is a testament to the hard work and dedication of our employees, who are passionate about serving our customers and our community,” bank President and CEO James Anthony said in a statement.

As part of the certification process, MVB said in its announcement, the bank made sure all of the electricity it buys comes from renewable sources, made plans to replace fossil fuel-powered heating systems with electric heat pumps.