Work With ShoreBank
In 1977, Ron was the only banker to testify in favor of the Community Reinvestment Act which required banks and thrifts meet the credit needs of the communities in which they did business, including low- and middle-income residents. Thanks in part to Ron’s testimony, it was enacted by congress later that year.
In the 1980s Ron worked in Bangladesh with Muhammad Yunus through a grant from the Ford Foundation to help design and incorporate the Grameen Bank.
In 1985, he worked closely with then Arkansas Governor Bill Clinton to set up the Southern Development Bancorporation, a community development bank serving rural Arkansans.
In 1997, Ron helped to launch ShoreBank Pacific, the nation’s first commercial bank formed to support environmentally sustainable development.
Under Ron's stewardship ShoreBank grew into a $1.9 billion bank, helped finance the purchase and renovation of 49,000 affordable housing residences, and issued nearly $900 million in loans to citizens in Chicago, Detroit, and Cleveland between 2001 and 2006.
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