FUND CREDIT COMMITTEE

The Role of the Fund Credit Committee (FCC)

The Fund Credit Committee reviews the credit and financial aspects of CFF investment opportunities. Members work together with CFF staff to conduct due diligence and to reach appropriate conclusions regarding loan structures, payback periods, benchmarks and evaluation parameters. The FCC will review each loan being considered for funding, and offer recommendations to the board regarding approval or denial. The Board and Director will strive to appoint members who have an understanding of the specific risks and rewards associated with fisheries-related loans.

Mike Dickerson

Mike Dickerson is a co-founder and Executive Vice President of ShoreBank Enterprise Cascadia. Established in 1995, ShoreBank Enterprise is a non-profit lender serving the needs of rural and urban communities of Oregon and Washington. ShoreBank Enterprise invests in people and their communities to create economic equity and a healthy environment. Mike has over 30 years of experience in community development and management. During his last thirteen years with ShoreBank, he has focused on fisheries, agriculture, food systems, and community capacity building. A special emphasis the last few years has been on understanding the needs of coastal communities and identifying models for the preservation of working lands and working waterfronts in the context of a changing coastal economy. Mike is a non-voting advisor on the CFF Fund Credit Committee.

Bill Enholm

Bill Enholm has 18 years of experience in commercial loan decision-making at Union Bank of California, Comerica Bank, Santa Barbara Bank & Trust and Citizens Business Bank. He is currently Vice President, Credit Administrator for Citizens Business Bank, where he manages Small Business Lending, supporting the bank's 50 Business Financial Centers throughout California. Citizens Business Bank has $6.5 billion is assets and was named the Best Business Bank in America last year. Bill’s specialty is small business lending; he has built a portfolio of over 500 borrowers, with over $30 million in commitments, over the past 3 years. He is also an experienced SBA (Small Business Administration) lender having approved over $100 Million in SBA 504 and 7(a) loans over the past two years. At Union Bank of California, he was responsible for reconsidering loans that would otherwise have been declined due to credit scoring, for the bank's 250 branches. He conducted additional analysis, on up to 100 loans per month, finding ways to support the approval of about 50 percent. While at Santa Barbara Bank and Trust, he was a member of the California Coastal Rural Development Corporation's Loan Committee, managed a traditional portfolio of commercial relationships and pioneered the use of credit scoring. Bill’s experience in small business lending and high risk loans will be an invaluable contribution to CFF.

Joe O'Brien

Mr. O'Brien works for Environmental Defense Fund as Director of Financial Projects. At EDF he has played a major role in several finance-oriented projects including the establishment of the EDF Donor Advised Fund and initializing the California Fisheries Fund. Prior to joining EDF, he spent several years working in the not-for-profit sector having worked as Executive Director of Advancement Services at St. John's University in New York, Director of Internal Control at Farmingdale State University, and various consulting engagements at other not-for-profit organizations. Mr. O'Brien took early retirement as a Vice President from MetLife in 1999 after an extensive thirty-four year career in Finance and Information Technology. Mr. O'Brien's education includes undergraduate degrees and postgraduate degrees in Accounting and Management. He is also a Certified Management Accountant. His diversified finance background will be leveraged to support implementation of future plans related to the California Fisheries Fund.

Jason Winship

Jason Winship is Managing Principal of Sea Change Management, LLC, which manages the Sea Change Investment Fund. Sea Change is a growth equity investor that seeks to facilitate greater market access to environmentally-preferable seafood while providing a compelling financial return to its investors. Jason has extensive experience in early-stage private equity, corporate mergers and acquisitions and investment banking. Prior to co-founding Sea Change, Jason worked on a variety of market-based environmental engagements in his capacity as a Senior Associate at California Environmental Associates. Previously, Mr. Winship was a Senior Associate with Westbury Equity Partners, a New York-based $150 million growth equity fund. In that capacity, he developed, assessed and executed early-stage private equity investments in the software and business services market. He also played an active advisory role by supporting portfolio companies with strategic and financial analysis. Prior to his tenure with Westbury, Jason developed and executed international merger and acquisition opportunities for AT&T Wireless Services, Inc. Before joining AT&T Wireless, Mr. Winship was an investment banking analyst with Lehman Brothers, where he participated in a wide range of corporate financing and M&A transactions. Mr. Winship holds a Bachelor of Arts from Rice University.