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
Mark Gooch – President & CEO, Community Trust Bank, KY
Calvin Holmes – President & CEO, Chicago Community Loan Fund, IL
William Keller – President & CEO, Community Bank of the Bay, CA
Kerwin Tesdell – President & CEO, Community Development Venture Capital Alliance, NY
Dakota Cole
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.
Mark Gooch
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.
Calvin Holmes
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.
William Keller
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.
Kerwin Tesdell
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.