Executive Director – Teveia Barnes, California Infrastructure and Economic Development Bank (IBank)
Teveia Barnes was appointed by Governor Brown as the Executive Director of the California Infrastructure and Economic Development Bank (IBank) on July 12, 2013. IBank’s mission is to finance infrastructure, economic expansion, clean energy and water projects and to promote small business in the State of California through the Small Business Finance Center. Ms. Barnes is dedicated to IBank promoting a healthy climate for job creation and retention, contributing to a strong economy and improving the quality of life in California communities. IBank’s statutory powers include the authority to issue tax exempt and taxable revenue bonds, make loans and provide credit enhancements for a wide variety of infrastructure, clean energy, water and economic expansion projects to state and local governments, universities, schools and hospitals. As IBank approaches $34 billion in infrastructure and economic expansion financings, IBank continues to be motivated to assist state and local municipalities, universities, schools and hospitals meet the financing challenges faced by infrastructure, clean energy, water and economic expansion projects throughout California.
Prior to joining the IBank, Ms. Barnes was commissioner at the California Department of Financial Institutions where she was the chief state regulator of depository financial institutions responsible for the licensing, examination and supervision of such financial institutions, including banks, credit unions, savings associations, trust companies, foreign banking organizations, and money transmitters. Barnes was a partner at the law firm of Foley and Lardner LLP for over 7 years with finance and regulatory experience primarily representing banks and other financial institutions. Ms. Barnes was executive director and general counsel at the Bar Association of San Francisco from 2001 to 2003. Barnes worked at the Bank of America National Trust and Savings Association from 1986 to 1999 in multiple positions, including associate general counsel and senior vice president, where she was a member of the Policy Committee and represented BancAmerica Securities Inc. and the Investment Management, Real Estate, Corporate Trust and Commercial Divisions of Bank of America.
Ms. Barnes has been active long in professional and civic affairs. She served as executive director and volunteer lawyer at Lawyers For One America promoting the increase of diversity and pro bono legal services in the legal profession as part of President Clinton’s One America initiative. She served on the boards of directors for the U.S. Bank Advisory Board of Northern California, Rice University, On Lok, Inc., American Conservatory Theatre and Hospice by the Bay.
Ms. Barnes earned a Juris Doctorate from New York University School of Law in 1978 and received her BA degree in economics, political science and German studies from Rice University in 1975, where she was an Arthur B. Cohn Scholar.