Michael Banner is the President and CEO of the Los Angeles LDC, Inc. (LDC), a U.S. Department of Treasury certified Community Development Financial Institution (CDFI) with a mission to provide capital and advisory services to foster positive community development impacts in distressed neighborhoods by aligning the needs of borrowers and investors. Under his leadership, the LDC has been responsible for the delivery of $250 million of capital into transactions located in the low income and distressed communities it serves while stimulating the development of new businesses and creating new employment opportunities.
Banner has a long and successful record of managing complex multimillion dollar transactions with a wide variety of institutional and public sector capital sources to meet the capital needs of both bankable and un-bankable borrowers to achieve the LDC’s community and economic development mission. He is active in numerous business and community development initiatives and serves on the USC Master Plan Community Advisory Board and City of Los Angeles Business Tax Advisory Committee.
Prior to entering the field of community development finance in 1988, Michael Banner was a Vice President with Security Pacific National Bank - a $35 Billion (“NYSE”) commercial bank headquartered in Los Angeles. During his tenure in the banking industry, he has held a variety of positions in commercial lending, credit administration, credit training and retail bank management. He is a graduate of the Ross Minority Program in Real Estate at the University of Southern California, and holds a degree in Business Administration from Loyola Marymount University.