11-20-2017  12:55 pm      •     
MLK Breakfast
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NEWS BRIEFS

SEI, Sunshine Division Offer Thanksgiving Meals to Families in Need

Turkeys are being provided to fill 200 Thanksgiving food boxes for SEI families ...

NAACP Portland Monthly Meeting Nov. 18

Monthly general membership meeting takes place on Saturday, 12 - 2 p.m. ...

Multnomah County Animal Services Waives Adoption Fees Nov. 17

Special runs from 12 p.m. to 7 p.m. Friday ...

Fitzpatrick Presents 'Pathway 1000' Plan Before City Council

Plan would restore involuntary displacement by building 80 homes per year ...

Sisters Network to Hold Monthly Meeting Nov. 11

Meeting to take place Saturday morning at June Key Delta Center ...

U.S. & WORLD NEWS

OPINION

Local Author Visits North Portland Library

Renee Watson teaches students and educators about the power of writing ...

Is the FBI’s New Focus on “Black Identity Extremists” the New COINTELPRO?

Rep. Cedric L. Richmond (D-La.) talks about the FBI’s misguided report on “Black Identity Extremism” and negative Facebook ads. ...

ACA Enrollment Surging, Even Though It Ends Dec. 15

NNPA contributing writer Cash Michaels writes about enrollment efforts ...

Blacks Often Pay Higher Fees for Car Purchases than Whites

Charlene Crowell explains why Black consumers often pay higher fees than White consumers, because of “add-on” products. ...

AFRICAN AMERICANS IN THE NEWS

ENTERTAINMENT

(Stock Image)
The Skanner News

Albina Community Bank and Beneficial State Bank are taking steps to increase impact in 2017 with several key leadership changes that build on the work of departing Albina CEO Cheryl Cebula.

A 30-year banking veteran, Cebula joined Albina in 2003 and most recently returned the bank to strength and stability after the turbulent financial crisis. In preparation for Cebula’s March 31, 2017 departure to pursue other opportunities, her leadership roles are being assumed by Kat Taylor and Dan Skaff, co-CEOs of Beneficial State. The bank became a majority investor in the recapitalization of Albina in 2013 and the two organizations share a history of mission-driven “beneficial” banking as Community Development Financial Institutions (CDFIs) and Certified B Corporations.

The banks are integrating key functions to tap into strengths and bolster mission alignment. Albina leaders Sue Campo and Linda Merrill will take on expanded roles as president and chief financial officer, and senior vice president and head of retail banking Pacific Northwest respectively, managing responsibilities for both Albina and Beneficial State functions. Randell Leach, president of commercial banking at Beneficial State, is now also chief credit officer of Albina.

The changes come at a time of strength. Since Beneficial State’s 2013 investment, loans have increased by 47.1 percent to $118 million; deposits have grown 29.4 percent to $151 million; mission-related and CDFI loans to nonprofits and start-ups, and minority- and women-owned businesses now account for 88 percent of its loans by number and 87 percent of its loans by dollar; and its 45 employees have volunteered more than 4,000 hours since 2013 in support of local nonprofits. 

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