Teveia Barnes, Executive Director, California Infrastructure and Economic Development Bank
Teveia R. Barnes was appointed by Governor Brown as the Executive Director of the California Infrastructure and Economic Development Bank (IBank) on July 12, 2013. IBank’s mission is to provide financial assistance for infrastructure, economic expansion, clean energy, water and environmental projects in the state of California and to promote small business through the Small Business Finance Center (SBFC). The SBFC helps small businesses create and retain jobs, and encourages investments in low- to moderate-income communities through the Small Business Loan Guarantee Program and the Small Farm Loan Program. In early 2017, Ms. Barnes led the launch of IBank’s new Jump Start Loan Program for start-ups and early stage small businesses in low-wealth communities. IBank’s goal is to make more small business loans directly to low-income entrepreneurs, including low-income women, minorities, veterans, persons with disabilities and persons previously incarcerated.
Prior to joining IBank, Ms. Barnes was commissioner at the California Department of Financial Institutions where she was the chief state regulator responsible for the licensing, examination and supervision of banks, credit unions, savings associations, trust companies, foreign banking organizations, and money transmitters. Barnes was a partner at the law firm of Foley and Lardner LLP with finance and regulatory experience. Ms. Barnes worked at Bank of America in multiple positions, including associate general counsel and senior vice president.
Ms. Barnes serves as executive director and volunteer attorney at Lawyers For One America providing pro bono legal services in underserved communities. She was a director on the boards of Rice University, On Lok, Inc., American Conservatory Theatre and Hospice by the Bay, and served as a member of the U.S. Bank Advisory Board of Northern California.
Ms. Barnes earned a Juris Doctorate from New York University School of Law in 1978 and received her BA degree in economics, political science and German studies from Rice University in 1975, where she was an Arthur B. Cohn Scholar.