New Senior Role Oversees Commercial Credit Portfolio, Supports Regional Market Expansion
NASHVILLE (July 8, 2020) – Pathway Lending, a nonprofit Community Development Financial Institution (CDFI) as designated by the U.S. Treasury Department, has named Ellen Hackett to its newly created chief commercial credit officer role. With considerable credit and lending expertise gained over three decades in senior roles, she will oversee Pathway Lending’s small business and commercial credit processes.
“Preserving and strengthening communities calls for investments in places as well as in people, so this is a key role we’ve added to our team to support the growth of our small business lending across our region,” said Pathway Lending’s CEO and President Clint Gwin. “Ellen has a stellar reputation and credentials, and we’re thrilled to have her on the team.”
In the new role, Hackett will work with Chief Credit Officer Joe Agnetta, who continues to maintain responsibility for overall credit. Hackett joins Pathway Lending from First Advantage Bank, now Reliant Bank, where she served as chief credit officer. Throughout her career, she has held various credit and lending roles, including associate national bank examiner, portfolio manager, special assets manager and chief lending and chief credit officer.
With more than $120 million in loans outstanding, Pathway Lending is among the largest non-depository Community Development Financial Institutions in the nation. In 2019, Pathway Lending originated more than $35.1 million and delivered 21,265 hours of technical assistance and education to entrepreneurs.
“I’m thrilled to join this team and support Pathway Lending’s mission and look forward to putting my credit skills and experience to work with our lending and education teams so that small business owners and the communities they serve can thrive, grow and prosper,” said Hackett.
Hackett graduated from Mississippi State University with a degree in economics.
About Pathway Lending
Based in Nashville, Pathway Lending is a Community Development Financial Institution (CDFI) certified by the U.S. Department of the Treasury that serves business and communities throughout Tennessee and Alabama, and parts of Arkansas, Kentucky and Mississippi.
Founded in 1999, Pathway Lending has grown to become a major lending institution in the Southeast, propelling meaningful economic growth in communities across the region. From fiscally responsible loans and hands-on support for business owners to flexible capital for affordable multifamily housing developers, our loans bring opportunities to the communities that need them most.
In 2019, Pathway Lending made more than $35.1 million in loans and delivered 21,265 hours of technical assistance and education. Get to know our mission and the stories of the entrepreneurs and communities we serve at PathwayLending.org.