CRF Announces Seven New Board of Trustees Members

Community Reinvestment Fund, USA (CRF) is pleased to announce the election of seven new board members.

Staff and current board members welcome David Adame, President & CEO, Chicanos Por La Causa; Gavin Borowiak, Division Manager, Midwest & Government /Not-for-Profit for Business Banking, JP Morgan Chase Bank N.A; Beatrice Kelly, Operations Director, VP, Community and Economic Development, Fifth Third Bank; Steven Kent, Managing Director, Vice Chairman, Piper Jaffrey & Company; Bill Krugler, President, Milwaukee Community Business Collaborative, Inc., Milwaukee Jobs Work; Dr. Willie Logan, Founder, CEO & President, Opa-locka Community Development Corporation; and Andy Posner, Founder & CEO, Capital Good Fund.

Frank Altman, CRF’s Chief Executive Officer remarked, “We are excited to welcome our talented new board members and are looking forward to all the expertise and guidance that they will bring to CRF’s work.”

David Adame

President & CEO | Chicanos Por La Causa, Phoenix, Ariz.

David Adame serves as President and Chief Executive Officer of Chicanos Por La Causa, Inc. (CPLC). Prior to being appointed President and CEO, David served as CPLC’s President and Chief Economic Development Officer responsible for managing the economic development arm of the organization in Arizona, Nevada, and New Mexico, including overseeing property management, real estate & commercial development, single and multi-housing services, housing counseling services, small business lending, employment services, and social ventures. Prior to this appointment, he served as CPLC Chief Operating Officer and Chief Financial Officer. Adame is chairman of the Arizona Housing Commission, a position appointed by the Governor of Arizona.

Gavin Borowiak

Division Manager, Midwest & Government /Not-for-Profit for Business Banking | JP Morgan Chase Bank N.A., Minneapolis, Minn.

Gavin Borowiak currently leads Midwest and Government /Not-for-Profit markets for Business Banking, part of Consumer & Community Banking for JPMorgan Chase. As Division Manager for the Midwest, Borowiak is responsible for leading a team of 300+ relationship managers in Wisconsin, Illinois, Michigan, Indiana, Ohio, Kentucky and West Virginia focused on providing financial solutions to small business customers with revenue up to $20MM. The Government and Not for Profit segment provides financial solutions to local municipalities and social service enterprises through a team of 75 relationship managers across the nation.

Beatrice Kelly

Operations Director, Vice President, Community and Economic Development | Fifth Third Bank, Cincinnati, Ohio

Beatrice Kelly is operations director for Fifth Third Bank’s Community and Economic Development group. She is responsible for key stakeholder engagement, strategic partnerships and oversite of the Bank’s philanthropy across its 10 state footprint. This includes driving awareness and sustainable investments to achieve the Bank’s $32 billion, five-year Community Commitment. Kelly serves on the advisory board for LISC Cincinnati and Consumers Banker Association ANPR committee. She is the president emeritus of Urban Financial Services Coalition Detroit Chapter. She also is affiliated with Delta Sigma Theta Sorority Inc.

Steven Kent

Managing Director, Vice Chairman | Piper Jaffray & Company, Chicago, Ill.

Steven Kent is managing director and vice chairman in the financial services group at Piper Jaffray. Previously, Kent served as president of River Branch Capital LLC and a member of RBH’s board of directors and investment committee. He also ran the investment banking business at RBH. He joined River Branch in 2011 from Keefe, Bruyette & Woods, Inc., where he served as a managing director for 13 years. At KBW, Kent led the Chicago office in merger and acquisition transactions and capital markets activities for banks, thrifts and insurance, mortgage banking and finance companies, achieving a No. 1 market share for Midwest regional bank transactions.

Bill Krugler

President | Milwaukee Community Business Collaborative, Inc. DBA Milwaukee JobsWork, Milwaukee, Wisc.

Bill Krugler worked in the Milwaukee business community for more than 30 years before retiring in 2011. Most of his career was spent as Managing Director at Mason Wells, the largest private equity firm in Wisconsin. Krugler worked with management teams of small to medium sized companies to help them grow and improve. He has redirected his efforts to bring a business approach to reduce chronic unemployment and underemployment in Milwaukee. In 2013, he formed Milwaukee Community Business Collaborative, Inc. to bring a new pathway towards sustainable employment for motivated central city residents.

Dr. Willie Logan

Founder, CEO & President | Opa-locka Community Development Corporation, Opa-locka, Fla.

Willie F. Logan is a founder of the Opa-locka Community Development Corporation (OLCDC) and has served as its CEO and president since 1980. In addition to his work with the OLCDC, Logan served in the Florida House of Representatives from 1982 to 2000 and was elected Democrat Speaker-Designate from 1998 to 2000. He also served as Mayor of the City of Opa-locka from 1980 to 1982.  Logan earned his Ph.D. in Community Economic Development from Southern New Hampshire University and his M.B.A. and Bachelor’s in Accounting from the University of Miami where he is an adjunct faculty member in the School of Architecture

Andy Posner

Founder & CEO | Capital Good Fund, Providence, R.I.

Andy Posner founded Capital Good Fund in February of 2009 while getting his Master of Arts in Environmental Studies at Brown University, where he was studying financing mechanisms for clean energy. He created Capital Good Fund with an eye toward using financial services to tackle endemic poverty, first in Rhode Island, and then nationwide.

We would also like to thank our departing board members for their commitment to CRF and their contributions during their terms. Thank you to Tony Brown, Board Member, War on Poverty-Florida, Inc.; Janie Barrera, President & CEO, LiftFund; and Gerald Thole, Board Member, Greater Metropolitan Housing Corporation.

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