05-28-2017  5:18 pm      •     
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NEWS BRIEFS

Portland Art Museum Hosts Upstanders Festival May 27

Event includes spoken word, workshops and poster making in support of social justice ...

Happy Memorial Day

The Skanner wishes readers a safe and happy Memorial Day ...

North Portland Library Announces June Computer Classes

Upcoming courses include Introduction to Spreadsheets, What is the Cloud? and Learn Programming with Games ...

Merkley to Hold Town Hall in Clackamas County

Sen. Jeff Merkley to hold town hall in Clackamas County, May 30 ...

NAACP Monthly Meeting Notice, May 27, Portland

NAACP Portland invites the community to its monthly general membership meeting ...

U.S. & WORLD NEWS

OPINION

Ensuring the Promise of the Every Student Succeeds Act

The preservation of Thurgood Marshall's legacy is dependent upon our dedication to our children ...

CFPB Sues Ocwen Financial over Unfair Mortgage Practices

What many homeowners soon discover is that faithfully paying a monthly mortgage is in some cases, just not enough ...

B-CU Grads Protest Betsy “DeVoid” in Epic Fashion

Julianne Malveaux says that Betsy “DeVoid,” is no Mary McLeod Bethune ...

NAACP on Supreme Court's Decline to Review NC Voter ID Law

NAACP President and CEO Cornell William Brooks made the following remarks ...

AFRICAN AMERICANS IN THE NEWS

ENTERTAINMENT

(Stock Image)

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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