Equity is the only acceptable outcome.
The African American Alliance of CDFI CEOs is proud to announce that Amber Banks officially steps into the role of President & CEO in January 2026, ushering in a new era of leadership, impact, and growth.
Amber brings more than two decades of experience in economic development, social justice, and nonprofit leadership. Her career has centered on advancing racial equity and expanding access to capital for underserved entrepreneurs. She has worked alongside national coalitions, philanthropy, and government partners to ensure that resources flow into Black and Brown communities historically excluded from economic opportunity.
Leadership Highlights
Amber’s leadership has been marked by:
- Expanding access to capital – spearheading initiatives that unlocked millions in lending for small businesses of color.
- Building inclusive leadership – mentoring a new generation of diverse leaders in community finance.
- Driving collaboration – strengthening partnerships that link CDFIs, investors, and policymakers around shared equity goals.
Timeline of Leadership
- 2020 — The Alliance is incorporated as a 501(c3) under the leadership of Lenwood V. Long, Sr., with a mission to close the racial wealth gap and build a coalition of Black-led CDFIs.
- 2021–2022 — Membership grows rapidly; the Alliance secures landmark federal and philanthropic funding.
- 2023 — The Alliance launches its Equity Impact Scorecard and climate finance initiatives, expanding influence on national policy.
- 2024 — Membership surpasses 80 Black-led CDFIs; the first national conference establishes the Alliance as a leading voice.
- 2025 — The Alliance celebrates its 5-year anniversary; Lenwood announces his retirement, and the Board selects Amber Banks as the next CEO.
- 2026 — Amber officially steps into the role as President & CEO, ushering in a new chapter of leadership and growth.
FAQs: What This Transition Means
Why is this transition happening now?
Our founding CEO, Lenwood V. Long, Sr., is retiring after decades of service in community finance. The transition was carefully planned to ensure continuity, stability, and momentum.
Why Amber Banks?
Amber brings deep expertise in racial and economic justice, a proven record of leadership, and a bold vision for the future. She was selected by the Board after a thorough process and is uniquely positioned to lead the Alliance into its next phase.
What does this mean for members?
The mission remains the same: to strengthen Black-led CDFIs and close the racial wealth gap. Members can expect the same level of advocacy, capacity-building, and partnership that has defined the Alliance since its founding.
What’s next for the Alliance?
Under Amber’s leadership, the Alliance will focus on:
- Expanding lending and capitalization for Black-led CDFIs.
- Elevating the voice of Black economic leaders on the national stage.
- Strengthening member services with clear, measurable benefits.
- Expanding partnerships and visibility to ensure Black-led CDFIs remain at the center of economic justice solutions.
In Amber’s own words:
“This is not just my leadership moment — it’s our movement. Together, we will build on the Alliance’s legacy and chart a stronger, more equitable future.”
