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Frank Fernandez named president and CEO of Reinvestment Fund, a Philadelphia CDFI

7/21/2026

A community development financial institution, or CDFI, is a lender that directs capital into neighborhoods and borrowers that conventional banks largely skip.

Reinvestment Fund, a nationally focused CDFI headquartered in Philadelphia, named Frank Fernandez its president and chief executive officer, the organization announced July 20, 2026.

What CDFIs do Traditional bank lending chases creditworthy borrowers in stable markets.

Whole categories of communities, particularly low-income neighborhoods and borrowers without conventional credit histories, often fall outside that calculus.