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DONNA GAMBRELL APPOINTED TO AEO's BOARD of DIRECTORS

December 14, 2015


 

 

Washington, D.C., Dec. 14, 2015 – AEO announced that Donna Gambrell, former Director of the Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund), was appointed to its Board of Directors. AEO announced Gambrell’s appointment today. Gambrell will start her term in January.

 

“This is a tremendous way for AEO to end its year. I know our board is looking forward to Donna’s experience and the insights she will provide as we continue to focus on executing our strategy and delivering value to our members and the businesses they serve in low-wealth and underserved communities around the country,” said Connie Evans, AEO President and CEO.  “I feel like we’ve won the trifecta — a great leader who deeply understands capital markets, community development and the regulatory environment. I know this will excite all of our stakeholders.”

 

"AEO is a force of nature that has helped to raise awareness of and tackle critical issues related to micro businesses in this nation's low-income communities. I am excited and honored to be working with Connie and the entire AEO team on developing and implementing strategies that will continue to support and sustain the micro business industry," Gambrell said.
 

Gambrell is a visiting, non-resident scholar at the Federal Reserve Bank of Atlanta. She is the longest serving and first African American woman to be appointed as Director of the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund).
 

During her tenure from 2007 to 2013, the CDFI Fund experienced significant growth, more than doubling funding under its flagship program. The Fund also strongly supported a CDFI industry responsible for providing affordable capital, credit, and financial services to low-income neighborhoods.  Additionally, under Gambrell’s leadership the Fund designed and administered a number of new initiatives targeted to underserved markets, including the Capital Magnet Fund, the Healthy Food Financing Initiative, and the CDFI Bond Guarantee Program).
 

AEO’s Board Chairperson, Patricia Harris, said, “AEO Board of Director’s are extremely fortunate to have the unrelenting support and leadership of Donna Gambrell in a governance capacity of our organization. Donna has set unprecedented gains in the CDFI industry, and because of her vision, access to capital is now reaching underserved businesses in communities across America. AEO is the leading voice of innovation, and will continue to drive progress with incredible change agents like Donna."
 

Click here to view a list of AEO’s Board of Directors.

 

About Donna Gambrell

Donna J. Gambrell is a steadfast advocate for lifting up and revitalizing our most vulnerable, low-wealth communities. Ms. Gambrell is also the longest serving and first African American woman to be appointed as Director of the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund).

During her tenure from 2007 to 2013, the CDFI Fund experienced significant growth, more than doubling funding under its flagship program, and it strongly supported a CDFI industry responsible for providing affordable capital, credit, and financial services to low-income neighborhoods.  The CDFI Fund also designed and administered a number of new initiatives targeted to underserved markets, including the Capital Magnet Fund, the Healthy Food Financing Initiative, and the CDFI Bond Guarantee Program.

Currently, Ms. Gambrell is a visiting, non-resident scholar at the Federal Reserve Bank of Atlanta. In addition, she is a board member for Southern Bancorp, Inc., in Little Rock, Arkansas, which is one of the nation’s largest CDFIs, as well as the model upon which the CDFI industry was founded.  Ms. Gambrell also speaks and consults on issues related to consumer protection and community and economic development.

Previously, Ms. Gambrell served in several executive positions at the Federal Deposit Insurance Corporation (FDIC), including Deputy Director for Compliance and Consumer Protection, where she was responsible for overseeing the FDIC’s national compliance bank examinations, as well as the agency’s community affairs, consumer affairs, and deposit insurance programs.  She also worked at the Resolution Trust Corporation (1989-1991), the Federal Savings and Loan Insurance Corporation (1987-1989), and the U.S. Government Accountability Office (1979-1987).  

Ms. Gambrell received a B.S. Degree from Towson University in Baltimore, Maryland, and an M.S. Degree from New York University.
      

 

           
 


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