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Nonprofit lender hires finance, credit chiefs

Lancaster-based nonprofit lender Community First Fund has filled a pair of C-suite roles. 

  • Elizabeth Bennett has been named the lender’s CFO, while Ed Gallagher has been named chief credit officer.
  • Bennett worked most recently as CFO for Pennsylvania College of Art & Design in Lancaster and has also held finance roles at Lancaster Theological Seminary and Ephrata-based D&E Communications.
  • Bennett succeeds Lloyd Shields, who had been Community First’s acting CFO following the departure of CFO Anthony Pappion in April, according to a spokesperson.
  • Shields, who had been a financial consultant to Community First, is now financial consultant to Community First’s president and CEO, Dan Betancourt. 
  • Gallagher worked most recently as senior vice president of corporate banking for Univest Bank and Trust in Souderton. 
  • Gallagher also has worked for Phoenixville Federal Bank and Trust and the former CoreStates, which is now part of Wells Fargo.
  • Gallagher succeeds Mike Carper, who retired last year. Joan Brodhead, Community First’s chief strategic initiatives officer, filled in during the interim.

 

The background: Community First focuses on lending to people and businesses in underserved communities throughout Central and southeastern Pennsylvania, as well as the Lehigh Valley.

  • The nonprofit launched a credit union in 2022.
  • As of June 30, the organization had assets of $158.3 million, up from $145.8 million a year earlier, according to its annual report.

Elizabeth Bennett (left) and Ed Gallagher have been hired for C-suite roles at Community First Fund. (photos/submitted)

Lancaster-based nonprofit lender Community First Fund has filled a pair of C-suite roles. 

  • Elizabeth Bennett has been named the lender’s CFO, while Ed Gallagher has been named chief credit officer.
  • Bennett worked most recently as CFO for Pennsylvania College of Art & Design in Lancaster and has also held finance roles at Lancaster Theological Seminary and Ephrata-based D&E Communications.
  • Bennett succeeds Lloyd Shields, who had been Community First’s acting CFO following the departure of CFO Anthony Pappion in April, according to a spokesperson.
  • Shields, who had been a financial consultant to Community First, is now financial consultant to Community First’s president and CEO, Dan Betancourt. 
  • Gallagher worked most recently as senior vice president of corporate banking for Univest Bank and Trust in Souderton. 
  • Gallagher also has worked for Phoenixville Federal Bank and Trust and the former CoreStates, which is now part of Wells Fargo.
  • Gallagher succeeds Mike Carper, who retired last year. Joan Brodhead, Community First’s chief strategic initiatives officer, filled in during the interim.

 

The background: Community First focuses on lending to people and businesses in underserved communities throughout Central and southeastern Pennsylvania, as well as the Lehigh Valley.

  • The nonprofit launched a credit union in 2022.
  • As of June 30, the organization had assets of $158.3 million, up from $145.8 million a year earlier, according to its annual report.

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