Shannan Herbert (Courtesy of Business Wire)
Shannan Herbert (Courtesy of Business Wire)

The 老澳门开奖网 Area Community Investment Fund (Wacif) recently announced that Shannan Herbert will be its new CEO.

Her first day will be April 1, the 老澳门开奖网 Business Journal reported.

Herbert has held the role of executive vice president of Inclusive Credit at Stratyfy, a woman-owned, mission-focused fintech company, and was the executive vice president and chief credit officer for City First Bank in the District, one of the country鈥檚 largest Black-led banks.

鈥淚鈥檝e always admired Wacif鈥檚 unwavering commitment to community building 鈥 not just in providing loans to create greater opportunity throughout the District, but in deeply investing in the critical supports needed to foster a vibrant community, such as food security and affordable child care,鈥 she said. 鈥淲acif has made a measurable impact on the lives of many and has never been stronger. I am excited to steward it into this new chapter in partnership with the community, our team, our board, and our partners.鈥

Herbert, who received her bachelor鈥檚 in business administration from Howard University and an MBA from Loyola University Maryland, has established a career in the banking, fintech and nonprofit sectors providing capital and capacity building to historically under-resourced communities.

鈥淪hannon鈥檚 passion for financial inclusion and removing barriers that prevent the flow of resources in communities of color aligns with Wacif鈥檚 mission to promote equity and economic opportunity across the D.C. region,鈥 said Nancy Stark, Wacif board chair. 鈥淲ith her creative approach to leadership, we鈥檙e confident Shannan is the right person to expand on Wacif鈥檚 success and introduce new strategies to increase access to capital and opportunities for even more entrepreneurs in the region.鈥

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