Press Release (ePRNews.com) - LOS ANGELES - Mar 13, 2019 - Stacie Olivares-Castain has been appointed chief investment officer of Lendistry and will head the company’s investment management and capital raising. Ms. Olivares-Castain says she joined the small business lender because she is passionate about building ventures and investments that yield strong social and environmental impacts.
Prior to joining Lendistry, Stacie was the managing director and chief investment officer of the California Organized Investment Network (COIN), an impact investment fund directing insurance company capital in investments that yield competitive financial returns and environmental or social benefits to California’s underserved and rural communities. During her tenure, the value of insurers’ COIN holdings more than quadrupled from $6.6 billion at the beginning of 2011 to approximately $29 billion at the end of 2018.
“Lendistry has spent a significant amount of time building its foundation and is ready for its next growth stage,” said Everett K. Sands, Lendistry’s CEO. “Stacie is our type of leader: driven, proven, community-focused and ready to help underserved communities. We are excited to welcome her to our team and look forward to her taking the lead in our capital strategies.”
Ms. Olivares-Castain’s career spans the private and public sectors across the areas of finance, economics and mobile technology. Prior to joining COIN, she worked at Morgan Stanley in portfolio management and financial advisory services. Before working on Wall Street, Stacie served as the former executive director of the California Commission for Economic Development. She came to the State from Palm Inc., where she led licensee business development and account management for the tech company’s top clients.
Stacie is an alumna of the University of California at Berkeley and Harvard University.
Lendistry is a CDFI, led by community and national bankers, that provides affordable small business and commercial real estate loans headquartered in Southern California with a mission to provide economic opportunities and progressive growth for small business owners and their underserved communities. Lendistry is a member of the Federal Home Loan Bank of San Francisco and ranks second in the nation among SBA Community Advantage lenders. Lendistry also offers unique opportunities to banks to help fulfill Community Development Lending, CRA Investment and Small Business Lending Test goals. For more information, please visit Lendistry.com. Source :