IFF, a community development financial institution (CDFI) in the Midwest, announced it has hired its first Chief Operating Officer (COO), industry veteran Matthew Roth.
According to a release, IFF, which this year is marking its 25th anniversary, said that Roth will lead and manage the business and operating units of IFF -- and will help facilitate its plans for "successful regional expansion to encompass the entire Midwest."
Roth has significant experience in banking, finance and community development. Most recently, he was leading efforts to establish a new community development bank in Chicago, focusing on the underserved low-moderate income population of the city's South Side. He was previously at Harris Bank for nearly 15 years, working in credit, risk management, strategy and as Vice President and Segment Manager, Hispanic Banking.
"Matt Roth has that unique combination of entrepreneurial spirit, business acumen and 'people skills' that will help strengthen IFF's operations, top to bottom," said IFF CEO Joe Neri. "He will play a key role in helping us expand and grow in the years ahead."
IFF, which currently provides financial services in Illinois, Wisconsin, Missouri, Iowa, Indiana and Kansas, noted it recently completed a five-year strategic plan. The plan projects that IFF "will provide comprehensive solutions with transformational outcomes in low-income and special needs communities throughout the Midwest by 2018."
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