Manuel Chinea

Manuel Chinea
Manuel Chinea
Financial Institution Representative

Chief Operating Officer
Popular Bank
New York, NY

Manuel Chinea serves as Chief Operating Officer of Popular Bank, the mainland subsidiary of Popular, Inc, the largest Hispanic Minority Depository Institution in the United States.  He oversees all operations and business activities for Popular in the U.S. Mainland.  Popular Bank is a full-service financial institution that caters to a very diverse consumer, small business, and commercial customer base with branches in the New York, New Jersey, and South Florida markets. 

He has direct management experience in functional disciplines that include marketing, product management, sales, retail banking and business banking during his more than three decades of experience at Popular.  Previously, Manuel served as Popular Bank’s Chief Marketing Officer and Head of Retail Banking Operations. He’s distinguished himself for leading cross-functional teams and driving transformational changes.  

He began his career with Popular at Banco Popular de Puerto Rico where he held several different roles over the course of 11 years. Most of his experience was in the functional disciplines of product management, cash management and small business lending, including oversight of the Bank’s Government Guaranteed Loan Programs.

Throughout his career, Manuel has been a vocal advocate for financial literacy, education, and the importance of supporting the small business community. He has served on multiple not-for-profit boards, and currently serves on the Board of the Hispanic Federation, the nation’s premier Latino nonprofit membership organization. He is based in New York. In 2021, Crains NY recognized Manuel as one of its Notable Hispanic Leaders & Executives.

Janie Simms Hipp, J.D., LL.M.

Janie Hipp
Janie Simms Hipp, J.D., LL.M.
Expertise in Lending in Native Communities Representative

Founding Chief Executive Officer
Native Agriculture Financial Service
Fayetteville, AR

Janie Simms Hipp, J.D, LL.M. currently serves as the founding CEO of the Native Agriculture Financial Service (NAFS), a nonprofit Other Financing Institution within the Farm Credit system of lending institutions. NAFS focuses on meeting the capital access needs of Native farmers, ranchers, fishers, and forest land operators and their rural communities. 

Prior to leading NAFS, she served as the General Counsel of the United States Department of Agriculture (USDA). She was only the fourth woman in the United States and was the first Native woman to serve as General Counsel at USDA since 1905. She previously served Secretary Thomas J. Vilsack during the Obama-Biden administration as a Senior Advisor and was the founding director of the Office of Tribal Relations at USDA. She also previously served as a National Program Leader at the National Institute of Food and Agriculture and a senior official within the Risk Management Agency. 

She was the founding CEO of the Native American Agriculture Fund, the nation’s largest philanthropic organization focusing solely on improving Native food and agriculture and was the founder of the Indigenous Food and Agriculture Initiative at the University of Arkansas School of Law.

Ms. Hipp has almost 40 years of experience in agricultural law, having begun her work during the 1980s farm financial crisis. She is a recognized expert in agricultural law and in the intersection of agricultural law and Indian law. She has been honored by University of Arkansas and Oklahoma City University where she received her LL.M. in agriculture and food law, and her J.D., respectively, and by numerous other organizations for her expertise and leadership. She has also been named to the Chickasaw Nation Hall of Fame.

She is a citizen of the Chickasaw Nation and was raised in a small rural town in southeast Oklahoma; her permanent home is in Fayetteville, Arkansas.

Mark Kaufman

Mark Kaufman
Mark Kaufman
CDFI Representative 

Chief Executive Officer em>
Neighborhood Impact Investment Fund 
Baltimore, MD 

Mark Kaufman is the CEO of the Neighborhood Impact Investment Fund, a place-based Certified CDFI that supports disinvested neighborhoods in Baltimore City. 

Previously, Mark was most recently Executive Vice President at City First Bank, a Certified CDFI with a 30-year history of providing mission-oriented capital in Washington, DC, Maryland and Virginia, and President of the bank’s non-profit holding company. 

He served as Counselor to the Deputy Treasury Secretary in the Obama Administration with responsibility for domestic finance issues for three years and as Maryland’s Commissioner of Financial Regulation for five years in the wake of the financial crisis. 

In addition to his work in government, Mark has over 15 years of finance experience as an investment banker.  He is a Trustee and Director of the Enoch Pratt Free Library, a board member of the Jacob K Javits Foundation and a member of the Affordable Housing Advisory Council of the Federal Home Loan Bank of Atlanta.

Susan Chapman Plumb

Susan Chapman Plumb
Susan Chapman Plumb
Financial Institution Representative

Board Chair and Chief Executive Officer 
Local Bank
Hulbert, OK  

Susan Chapman Plumb serves as Board Chair and Chief Executive Officer of Local Bank headquartered in Hulbert, Oklahoma. Local Bank is a Native-owned CDFI with locations in Hulbert, Tahlequah, Park Hill, Sallisaw and Grove, Oklahoma.

Local Bank was founded in 1907 by a prominent group of Cherokee Nation citizens and purchased by the Chapman family and other Cherokee investors in 1996. Plumb succeeded her father as board chair and CEO in 2017.

Local Bank has grown significantly under Plumb's leadership and is one of the fastest-growing financial institutions in the state. A citizen of the Cherokee Nation, Plumb is the only female Native American bank owner in the United States. Local Bank is dedicated to serving rural, low-income and minority communities. Unlike larger lending institutions, Local Bank invests 95% of its deposits back into the communities it serves. 

Plumb's lifelong commitment to public service is both professional and personal. She has been in service to the Federal Reserve since 2017 and currently serves on the Federal Reserve Bank's Kansas City Board of Directors. She has served on the boards of Northeastern Health System and the Oklahoma Hall of Fame. She has also been active in public service to the Cherokee Nation for decades. Her past roles include Chairperson of the Cherokee Nation Election Commission and as a board member for the Cherokee National Historical Society and the Cherokee Nation Education Foundation. Plumb was also a delegate to the Cherokee Nation's historic 1999 Constitutional Convention. She is the third in her family to help draft a Cherokee Nation Constitution, following in the footsteps of her father Gary who served on the Cherokee Nation’s 1975 Constitutional Convention and her direct ancestor Hair Conrad, a signer of the 1827 Cherokee Constitution. 

Plumb earned an undergraduate degree from the University of Oklahoma and a juris doctorate from the University of Tulsa, where she received a certificate in American Indian Law. She practiced law for ten years before returning to her banking roots. She and her husband, Loyal Plumb, have four daughters and are the proud grandparents to ten grandchildren. Plumb lives on the upper Illinois River in rural Cherokee County, Oklahoma.

Enhancing Impact: Innovative Improvements to Capital Magnet Fund Program Regulations

Last week, Treasury Secretary Janet Yellen announced several new housing efforts as part of the Biden administration’s push to lower housing costs. Among these efforts, Yellen announced the Community Development Financial Institutions Fund (CDFI Fund) released revised interim rules for the Capital Magnet Fund (CMF) to reduce administrative burden and allow recipients to focus their resources on the production and preservation of housing.

Beverly Bobb

Office of The Director
Beverly Bobb
Beverly Bobb
Chief of Staff

Beverly Bobb is the Chief of Staff to CDFI Fund Director Pravina Raghavan. In this role she works closely with Deputies to assist on implementation of strategic projects, serve as liaison with staff, executives, senior leaders, and the Director regarding employee well-being, project updates, proposals, and planning and handle inquiries, developing action plans, and assisting with preparation and dissemination of communications.

Beverly has over 20 years of managerial experience in community and economic development at both the state and federal government levels. Prior to her current position, Beverly came from Manufacturing Extension Program (MEP) at National Institute of Standards and Technology as the Chief of Staff to their Director. Before joining MEP, Beverly had several roles at Empire State Development, New York State’s economic development agency.

She holds a Master of Business Administration from St. Joseph’s College, with a focus on Organizational Management.

Felicia Young

CDFI Fund Cross Program Team
Profile
Felicia Young
Program Manager

Felicia Young is the Program Manager for the CDFI Fund Cross Program Team. In this role, she leads efforts to provide program management support to CDFI Fund award programs to help meet deadlines and priorities associated with program funding rounds and to facilitate development and implementation of cross program initiatives and process improvements. Prior to joining the CDFI Fund, Felicia managed awards programs, operational programs, strategic planning, and process improvements at multiple federal agencies.