The Pew Charitable Trusts, 901 E Street, NW, Washington, D.C.
Monday, November 7, 2011
Dan Letendre is the CDFI Lending & Investing Executive for Bank of America. In this capacity, he is responsible for managing the bank’s lending and investing activities with Community Development Financial Institutions (CDFIs). Bank of America currently has over $1 billion of loans and investments to these community-based intermediaries that provide financing for affordable housing, small businesses, and community facilities providing health care, education, childcare and other needed social services. Prior to this role, Mr. Letendre was Managing Director of the Merrill Lynch Community Development Company, a subsidiary of Merrill Lynch that provided capital, liquidity and technical assistance to underserved communities. He also managed the New Markets Tax Credit Program and focused on expanding the firm’s Socially Responsible Investment products focused on the community development sector. Before joining Bank of America, Mr. Letendre was Vice President at JPMorgan Chase, where he managed the bank’s lending and investing activities with CDFIs. He also managed JPMorgan Chase’s portfolio of community development venture capital investments and the New Markets Tax Credit Program. Prior to his work with the bank’s community development division, Mr. Letendre worked within Chase’s Financial Institutions Group, which provides lending and advisory services to banks, thrifts and credit unions. He was a management consultant with Booz Allen & Hamilton in their Financial Institutions Practice and a research analyst with Paine Webber, focusing on financial institutions in developing countries in the Asia-Pacific Region. He has served on the boards of several community development institutions including Low Income Investment Fund, Corporation for Enterprise Development, the New York Community Investment Company, as well as on the advisory boards of Local Capital Markets Investment Fund and the Opportunity Finance Network - CARS Program. Mr. Letendre received a BS from Manhattan College and an MBA from Harvard Business School.