LOS ANGELES — Veteran banker Diane Cummings has been appointed chief credit officer at the California Infrastructure and Economic Development Bank.
Cummings, 62, has been a senior loan officer with I-Bank since 2007 and was a loan officer from 2006 to 2007.
Prior to joining the I-Bank, Cummings held multiple positions at the Western Sierra Bank from 2003 to 2005, including assistant vice president, senior government products underwriter and interim department manager.
She also has worked at Bank of America, First Union Small Business Capital, the California Integrated Waste Management Board, California Trade and Commerce Agency, and Money Store Investment Corporation. Other experience includes a stint as loan officer for the U.S. Small Business Administration, Disaster Assistance Program.
She earned a Masters of Business Administration degree from California State University, Sacramento.
The I-Bank became part of the governor's Office of Business and Economic Development in July 2013 as part of the Brown administration's governmental restructuring process.
The I-Bank was created in 1994 to finance public infrastructure and private development in California and has the authority to issue tax-exempt and taxable revenue bonds, make loans, provide credit enhancements and leverage state and federal funds.