ABOUT
Rochdale Capital Leadership
Rochdale Capital benefits from a group of leaders who come from a variety of industries in which cooperatives and community development play a vital role.
John Holdsclaw
President & CEOJohn Holdsclaw IV currently serves as president and CEO of Rochdale Capital, a newly formed, national non-profit community development loan fund that will provide financing and technical assistance to cooperative enterprises and other community-based organizations. Rochdale Capital will focus on making financial services accessible to under-resourced communities, specifically to women and/or minority-owned small and growing businesses. Mr. Holdsclaw currently serves on the board of directors of Global Communities, Groundswell, Partners for Common Good, and American Bankers Association (ABA) Stonier Graduate School of Banking. In addition, John is the immediate past president of the Community Development Financial Institution Coalition (CDFI Coalition), and immediate past chair of ABA’s Diversity, Equity, and Inclusion Advisory Group.
Kladé Hare Nersasian
Chief Loan OfficerMs. Hare serves as Rochdale Capital's Chief Loan Officer and is responsible for sourcing loan transactions that align with the mission of the organization, to support co-op and community development in under-resourced areas nationwide. Ms. Hare has over 13 years of experience working with community development and non-profit organizations. Prior to joining Rochdale Capital, Ms. Hare was the Director of Lending at the National Housing Trust where she oversaw new business development, loan underwriting, and product development.
Chantal Hart
Manager, Operations & Compliance Board LiaisonChantal Hart brings 26 years of community development experience, reporting to senior management, boards, investors, and funders. She is responsible for compliance, monitoring and reporting Rochdale activities, and providing overall administrative and operational support for loan administration, operations, and credit management. Prior to Rochdale, she worked for several CDFIs and the CDFI Fund.
Board of Directors
Shannan Herbert
Board Chair, Chief Executive Officer, Washington Area Community Investment FundMs. Herbert is CEO of Wacif, a nonprofit CDFI that works within communities to foster inclusive entrepreneurship, equitable economic development, and community wealth building. Prior to joining Wacif, Shannan was the Executive Vice President of Inclusive Credit for Stratyfy, a women-led fintech company on a mission to drive greater financial inclusion by introducing technology that eliminates bias in critical financial decisions. While at Stratyfy, she led strategy and program creation for CDFIs and large to mid-size community banks, by illuminating the use of emerging technologies to better serve individuals typically excluded from the financial system. Partnering with Beneficial State Foundation, Shannan was instrumental in the launch of the Underwriting for Racial Justice (URJ) lender pilot program.
Before joining Stratyfy, Ms. Herbert was the Executive Vice President and Chief Credit Officer for City First Bank, a $1 billion CDFI headquartered in Washington, DC.
With more than 20+ years of experience, Ms. Herbert has served in key leadership roles for most of her career, leveraging her expertise to direct enterprises in the strategic development and delivery of value-driven, user-friendly solutions in the commercial credit and financial services arena.
Stacy Patrick
Senior Vice President, National Cooperative BankMs. Patrick has extensive industry experience in capital markets and commercial real estate. Ms. Patrick joined National Cooperative Bank in 2006 and has held positions on the Capital Markets Team and the Commercial Real Estate Lending Team. During her tenure at the bank, she has been involved in the pricing, trading, and other capital markets functions, for both market-rate and limited equity cooperative housing loans. She is currently responsible for the execution of loan sales as they relate to cooperative housing loans inclusive of limited equity cooperatives.
She is a member of NCB’s Management Advisory Council (MAC).
Valeria Roach
EVP and CFO of National Cooperative Business AssociationMs. Roach has over 30 years of experience in the profit, not-for-profit and NGO industries in domestic and global operations. She has extensive international cooperative development experience in Africa, Asia, Central America, Eurasia, and the Middle East. Her expertise includes financial management, strategic development, government contract acquisition, government contract accounting, program management, compliance, and capacity building.
Dion Smith
Chief Credit Officer, National Cooperative BankAs Chief Credit Officer, Mr. Smith is responsible for setting loan policy, managing the credit and loan closing processes, provide credit guidance throughout the organization and assure documentation follows loan committee approvals and regulatory audits. He was previously the Senior Credit Officer for NCB overseeing the commercial real estate, cooperative housing, and community association loans. Mr. Smith has over 40 years of banking experience, and prior to joining NCB in 2016, was Vice President, Senior Relationship Manager at M&T Bank. He has also served as board chair of the FSC First, a Prince George’s County, MD-based CDFI.
Chelsea Amelia Cruz
Senior Advisor, Community Relations, CitigroupA dedicated social and economic inclusion advocate, with a focus on policy, access to capital, and financial innovation, Chelsea is currently a Senior Advisor on the U.S. Community Relations team at Citibank, where she leads strategic initiatives, impact reporting, and regulatory compliance.
Prior to joining Citi, she served as a Senior Policy & Outreach Lead with the Federal Reserve Board where she focused on leading various analysis, policy development, engagement, and communications on modernization efforts for the Community Reinvestment Act. She was previously a Senior Community Affairs Specialist with the Strategic Partnership and Program Development team within the Division of Depositor and Consumer Protection at the Federal Deposit Insurance Corporation (FDIC). Chelsea is a multicultural Latina, Bronx native, and a first-gen college grad with a Bachelor of Arts in Political Science with a concentration in international affairs from Hofstra University.
Marc Freidman
CFO, A Few Cool Hardware StoresMarc Friedman is the Chief Financial Officer and Co-owner of A Few Cool Hardware Stores (AFCHS) a chain of 13 Ace Hardware stores located in Washington, DC, Maryland and Virginia. He has served in this capacity for 22 years after several years working for technology companies including Booz-Allen and Hamilton. In 2021 he stewarded the transition of AFCHS to an Employee Stock Ownership Program (ESOP) and over 160 of his employees became co-owners of the business.
Marc is a graduate of the McIntire School of Commerce at the University of Virginia and holds a Bachelor of Science degree in Commerce with a concentration in Management Information Systems and Human Resource Management.
Marc served on the board of the National Cooperative Bank from 2019-2025. During his tenure he served as the Chair of the Audit Committee and completed his final year of service as the Chairman of the Board.
Jessie Lee
Managing Director, Renaissance Economic Development CorporationWith more than 20 years of experience in community development finance and economic development, Jessie serves as the Managing Director at Renaissance, a 29-year-old CDFI and SBA Microlender. She oversees lending operations, technical assistance programs, community relations, and strategic partnerships that expand access to capital and strengthen long-term community impact.
Prior to Renaissance, Jessie was Director of Small Business Lending East at VEDC, where she helped launch the $20 million Tri-State Business Opportunity Fund and managed lending initiatives across multiple markets. She also held leadership roles at Next Street Financial and CAMBA, supporting small business financing and economic development initiatives. Jessie earned her MBA in Finance from Boston University. Jessie began her career in commercial underwriting. In her free time, she loves hiking and snowboarding.
