The NMTC Advisory Board provides guidance to NCIF in the implementation of our New Markets Tax Credit activity, with particular focus on the impact of our proposed transactions, the datapoints and information that we need in order to demonstrate impact, and the role of the mission-oriented bank in the 3-Way Partnership.
Members of the Advisory Board:
Dakota Cole – Secretary of Treasury, The Chickasaw Nation
Bill Dana – Former President & CEO, Central Bank of Kansas City, KS
Mark Gooch – President & CEO, Community Trust Bank, KY
Calvin Holmes – President & CEO, Chicago Community Loan Fund, IL
Inez Long – President & CEO, BBIF, FL
William Keller – President & CEO, Community Bank of the Bay, CA
Kerwin Tesdell – President & CEO, Community Development Venture Capital Alliance, NY
Secretary of Treasury
The Chickasaw Nation
Dakota Cole is a citizen and employee of the Chickasaw Nation and currently serves as Secretary of Treasury. As Secretary he oversees payroll for more than 13,000 tribal employees, $400 million in annual federal awards, and $6 Bn in assets.
Mr. Cole serves on the Chickasaw Nation COVID-19 funding rules committee, 401k and investment committees, and as a board member to Global Gaming Solutions, Chickasaw Foundation, and component units of the Chickasaw Nation.
He possesses a bachelor’s degree in Business Administration, a master’s degree in Accounting, Certified Public Accountant and Certified Financial Planner certificates. He graduated from Tishomingo High School in 2004 as a member of the 13-year club. Dakota graduated from Leadership Oklahoma’s Class 33, currently serves as audit committee chairperson and is a lifetime member. Mr. Cole is also a member of Oklahoma’s Society of CPA’s and the Certified Financial Planner Board.
Dakota makes his home in Connerville, Oklahoma where he enjoys spending time with his wife, Jamy, and two children, Conner and Creek, as they compete in junior rodeo.
Former President & CEO
Central Bank of Kansas City
Mr. Dana is a director of Central Bank of Kansas City, Kansas City, (CBKC) Missouri, a $350 million community bank located in the urban core of Kansas City, Missouri. The bank is a Certified Community Development Financial Institution (CDFI) and has been rated “Outstanding” by the FDIC at its last six CRA exams, dating back to 1995. Mr. Dana has had varying degrees of experience in all levels of community bank management for over 50 years. He began his career as a teller and has worked in each and every phase of banking. Mr. Dana previously served as President and CEO of CBKC for over 28 years. Mr. Dana also serves as manager for CBKC CDC, a Community Development Entity. CBKC has historically been awarded and deployed multiple NMTC allocations in a broad three state area. He has also served on numerous civic, social, and trade association boards. His service included roles as a Board Member of the American Bankers Association, the Chairman of the Missouri Bankers Association, and the Chairman of the American Bankers Association’s Foundation. Mr. Dana also is currently Chairman Emeritus of the Community Development Bankers Association, an organization he and others founded in 2001. Central Bank of Kansas City and CBKC CDC are 11-time NMTC allocatees that have received $521MM in allocation since 2007.
President & CEO
Community Trust Bank
Mr. Gooch is currently Chairman, and CEO of Community Trust Bank, Inc. and Vice Chairman, President and CEO of Community Trust Bancorp, Inc. in Pikeville, Kentucky. Community Trust Bank is a rural community bank with branches in Kentucky, West Virginia, and Tennessee. Prior to becoming President, Mr. Gooch led the operations division of Community Trust Bancorp. Before joining Community Trust Bank, Mr. Gooch served as President and CEO of First Security Bank & Trust, where he had worked his way up from branch manager in the course of 12 years.
CTB has been involved in the NMTC program since 2002 when they applied for $15 million in NMTC's and were awarded $7 million which was used in 2003 and expired in 2010. The Bank has since been involved with several transactions including various CDC's, approximately 6 transactions. CTB has also worked closely with NCIF in impactful transactions such as The University of Pikeville's new student center and School of Osteopathic Medicine in 2011-2012. Another example of participation in the NMTC program is as an investor in Pine Mountain Community Development Corporation which provided capital to small business in Harlan, Bell and Letcher County in Southeast Kentucky more than 20 years ago. This entity is in process of being acquired by another Community Development Corporation.
President & CEO
Chicago Community Loan Fund
Mr. Holmes serves as President of the Chicago Community Loan Fund. His work focuses on providing flexible, affordable and patient capital and technical assistance to non-profit and for-profit community based and/or focused organizations who are preserving or developing commercial real estate projects or operating social enterprises that benefit low-income communities and/or individuals and families throughout 6-county metropolitan Chicago. CCLF as a CDE has deployed $15mm in allocation and has served in various roles in other NMTC financial projects over the years. Mr. Homes has participated in numerous NMTC advisory boards over the years.
President & CEO
Community Bank of the Bay
Mr. Keller is the CEO & President of Community Bank of the Bay (CBB). CBB is a CDFI certified bank based in Oakland, CA, serving low- and moderate-income communities throughout the San Francisco Bay Area and contiguous counties. As California’s first FDIC-insured financial institution Community Bank of the Bay is dedicated to meeting the financial needs of the small and medium sized businesses, non-profit organizations, creatives and real estate developers and investors who together make up the economic and social foundation of our communities. The bank has a primary mission of promoting economic resilience and sustainability in the communities it serves, especially those communities that have previously been overlooked by the financial services industry. Previously Mr. Keller served as COO and then Executive Vice President at Diablo Valley Bank/Heritage Bank of Commerce in Danville, CA, and President and CEO of Greater Bay Bancorp’s whole owned subsidiary Bay Bank of Commerce in San Leandro, CA. He has served on local Boards including Oakland’s Children’s Hospital Foundation and the 5-Bucket Foundation for Financial literacy.
President & CEO
Mrs. Long is President/CEO of BBIF Florida. Started in 1987, the BBIF Florida is a mission driven, not-for-profit, Community Development Financial Institution (CDFI) that focuses on providing capital to Black, minority and underserved small businesses. BBIF’s mission is to develop and promote Black business enterprises though education, training, loans and advocacy.
Under Mrs. Long leadership, she led BBIF through its certification as a Community Development Financial Institution (CDFI), by the US Department of the Treasury in 1994, its statewide expansion of loan services through administration of a $8.5 million loan fund in 2009, its selection as an SBA Community Advantage lender in 2011, its $93.5 million in federal New Markets Tax Credits allocation awards in 2014, 15, 16, 18 and 19, its $3.3 million in FA awards in 2014, 2017, 2018 and 2019, its creation of $12 million in NMTC loan pools for minority businesses, its opening satellite offices in Miami, Jacksonville and most recently Tampa, Florida and its selection as one of three initial CDFI’s to be nationally recognized and received a $1 million Wells Fargo Bank Diverse Community Capital grant.
Mrs. Long graduated from University of South Florida with her MBA from University of Central Florida. She has 35 years of combined experience in the financial services industry.
President & CEO
Community Development Venture Capital Alliance
Mr. Tesdell is President of the Community Development Venture Capital Alliance, the association of venture capital funds that provide equity financing for businesses that create good jobs, wealth, and entrepreneurial capacity in underinvested areas of the United States and the world. CDVCA serves the industry by providing education and networking opportunities, developing best practices, performing industry research, and supporting positive public policy at the federal and state levels. CDVCA also manages $320 million directly in a combination of business investments and investments in funds. Mr. Tesdell is an adjunct professor at New York University, teaching Social Venture Capital at the Stern School of Business and Community Development Law at the School of Law.
Mr. Tesdell graduated from Harvard College with a degree in economics and holds JD and MBA degrees from New York University, as well as a certificate from the Venture Capital Institute.