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LOS ANGELES--(BUSINESS WIRE)--Apr 3, 2014--RISE Financial Pathways, a Los Angeles microfinance organization, has appointed Noor Menai, President & CEO of CTBC Bank Corp. (USA), to serve on its board.
Noor Menai, President & CEO of CTBC Bank USA (Photo: Business Wire)
RISE (Reach. Invest. Succeed. Earn.) Financial Pathways, formerly known as Community Financial Resource Center (CFRC), is a non-profit Community Development Financial Institution (CDFI) offering comprehensive and innovative ways to build wealth for historically underserved residents and small business owners in South Los Angeles and across Los Angeles County.
“ RISE Financial Pathways is thrilled to have Noor to be the latest community leader to be appointed to our board of directors,” said Forescee Hogan Rowles, CEO of RISE. “The partnership and leadership of downtown LA’s newest global banking partner helps our organization increase its capacity for assisting more small businesses and entrepreneurs in South Los Angeles to achieve their dreams.”
“I am pleased to welcome Noor to the RISE Financial Pathways Board of Directors,” said Michael A. Costa, Chairman of RISE’s of Board of Directors. “We look forward to his leadership and global perspective as we expand the reach of our community based services in South Los Angeles and beyond.”
Other RISE board members include Kim Bingham, Executive Vice President & Chief Credit Officer, Cathay Bank; Donovan Green, Director, External Affairs, AT&T; Dulany Hill, CEO of Dumoney.com; Keith A. Drake, Vice President, Principal Relationship Manager, Wells Fargo Bank; Tony Lee, President of Dickerson Employee Benefits; Byron Reed, Senior Vice President and Director of Community Development, Wells Fargo Bank; Mark Smith, Senior Vice President, Private Banking, Bank of the West; David Terrell, Region Manager, Southern California and Southwest, US Bancorp Investments; and Nancy Huntington, First Vice President, Manufacturers Bank (Ex-Officio).
About CTBC Bank Corp. (USA)
CTBC Bank Corp. (USA) (formerly Chinatrust Bank U.S.A.) is a trusted and established institution providing commercial and retail customers with a real financial bridge to the next state of their lives and businesses. Founded in 1989 and now headquartered in Los Angeles, CTBC Bank operates branches in California, New Jersey, and New York. The bank’s operations include deposits, loans, credit cards, foreign exchange, letters of credit, wealth management, mobile, and electronic banking services. Customers benefit from access to large bank resources coupled with individual attention and customized service of a small bank. Its parent company, CTBC Bank Co. Ltd., is supported by $67 billion in assets and is among the largest banks in the world in terms of capital. For more information about CTBC Bank, visit www.ctbcbankusa.com.
About RISE Financial Pathways
RISE (Reach. Invest. Succeed. Earn.) Financial Pathways, formerly known as Community Financial Resource Center (CFRC), is a non-profit Community Development Financial Institution (CDFI) offering comprehensive and innovative ways to build wealth for historically underserved residents and small business owners in South L.A. and across L.A. County. The organization provides commercial lending opportunities - including micro loans, peer lending, and small business loans – along with business training, asset development programs, and banking programs. CFRC has served nearly 100,000 low income clients since its inception in 1992. Its programs have resulted in nearly $14 million in economic activity and the retention and creation of thousands of jobs. The transformative power of CFRC’s services – combined with its clients’ enterprise and hard work – improves the financial standing of individuals, launches and sustains small businesses, and generates economic activity that strengthens entire neighborhoods.
Photos/Multimedia Gallery Available:http://www.businesswire.com/multimedia/home/20140403005419/en/
CONTACT: Dan Margolis, for CTBC
+1 213-452-6472
dan.margolis@fticonsulting.com
or
Monica Wong, CTBC (Chinese media)
424-277-4534
monicawong@chinatrustusa.com
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: CTBC Bank
Copyright Business Wire 2014
PUB: 04/03/2014 08:57 AM/DISC: 04/03/2014 08:57 AM
http://www.businesswire.com/news/home/20140403005419/en
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