We’re pleased to report that Charmaine Detweiler, New Resource Bank’s CFO and executive vice president, was honored in the 2013 Bay Area CFO of the Year Awards, presented June 5 by the San Francisco Business Times and Larkin Street Youth Services. Charmaine was one of three finalists in the category of public company with revenues up to $500 million.
The awards recognize CFOs who have made outstanding contributions to their company’s performance, as well as to the greater Bay Area business community, over the past year. Nominees were screened by a committee of business executives and research analysts. Finalists were chosen by an independent selection panel including Larry Carter, retired CFO, Cisco; Alison Davis, audit committee chair, LECG, GameFly, Xoom, SilkRoad Technologies, and InterAct911; Mary Huss, publisher, San Francisco Business Times; Sharon McCollam, CFO, Best Buy; and Richard Rosenberg, retired chairman and CEO, Bank of America.
About Charmaine Detweiler
Detweiler has 30 years’ experience in finance, with an emphasis on socially responsible banking. In 2006 she helped organize OneCalifornia Bank, a community development bank in Oakland, serving as its CFO and EVP. Before that she spent 17 years with Citigroup, in positions including CFO/division controller for Citibank, FSB.
She has played a critical role in putting New Resource on the path toward sustainability and profitability. Detweiler came to the bank just as the financial crisis was hitting. “Very quickly, the board and executive team came to the conclusion that what the bank needed to be about was refocusing on serving the community and businesses in the sustainable space,” says Detweiler. She helped devise a strategy to attract the right talent, rethink the bank’s resource allocation, and identify target markets. The bank’s strategic focus on cleantech, organic products, nonprofits, and green building has paid off: 2012 marked the bank’s first full year of profitability.
About New Resource Bank
New Resource Bank (www.newresourcebank.com) is the premier bank for people who are leading the way to a more sustainable world. We match an entrepreneurial spirit with a dedication to achieving environmental and social as well as financial returns. Our mission is to advance sustainability with everything we do—the loans we make, the way we operate and our commitment to putting deposits to work for good.