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July 11 2012

Popular Community Bank Executive Michael McCracken Joins Midwestern Board of Directors


Chicago, IL – Operation HOPE announced today the induction of Michael McCracken, the Illinois Region Executive for Popular Community Bank, to its Midwestern Board of Directors. Mr. McCracken will be the forth executive from Popular Community Bank to join the helm of Operation HOPE’s network of boards this quarter.

“Mike McCracken’s extensive experience in social investment banking is the kind of contribution that Operation HOPE welcomes his passion to promote our “silver rights” mission to eradicate poverty and bring a sense of financial opportunity to underserved communities,” said Mary Hagerty Ehrsam, Division President, HOPE Youth Empowerment Group and CEO, New York Market. “We look forward to incorporating his expertise and business acumen into our decision-making processes in the future.”

Mr. McCracken joined Popular Community Bank in April 2003 to start a Middle Market banking group. An extraordinary leader, he grew the business from $20 million in loans and $20 million in deposits, to $200 million in loans, and $100 million in deposits.  Based on his success in Illinois, McCracken was tapped to head the Middle Market nationally before transitioning to Illinois Region Executive.        

Since 2007, Mr. McCracken has served as the Illinois Region Executive for Popular Community Bank. He is responsible for the administration, operation, sales and marketing and supervision of the twelve retail branches in the Chicago metropolitan area and management of the region’s business banking, middle market, and commercial real estate groups. Mike is actively involved in Junior Achievement and is on the Boards of Youth About Business, Accion, and the Northwest Suburban Council Boy Scouts of America.

Mr. McCracken joins Operation HOPE during a dynamic period of time for the organization’s leadership. With increasing responsibilities delegated to regional authorities, McCracken will play a more active role in helping to direct the future of delivering financial literacy and dignity in Midwestern cities like Chicago.

HOPE’s Midwestern Board is comprised of some of the nation's most powerful executives, decision-makers, bankers and economists. These individuals play an essential role in driving HOPE’s Silver Rights Movement to expand economic opportunity, and make capitalism and free enterprise accessible it underserved communities a complete 2012 list of HOPE's Board members may be viewed here.

About Operation HOPE (HOPE)

Operation HOPE has made the financial empowerment of low-income communities its mission for the past twenty years. Through countless partnerships across the globe, Operation HOPE has served as the premier social investment banking organization through free services to those in need. While the organization enjoys a strong foundation through its HOPE financial dignity centers and Banking on Our Future program, in recent years a host of new initiatives and programming have heightened the organization’s silver rights work to new levels of success. Serving over 2 million individuals, families, and small business owners, Operation HOPE strives to make capitalism work for the underserved, supporting programming from its native Los Angeles to Cape Town, South Africa. In its addition to its extensive international work, Operation HOPE engages a significant online audience through platforms such as Facebook, Twitter, Youtube, and its blog.