BankFive today announced that its Executive Vice President and Chief Operating Officer Catherine Dillon has been named to the Board of Directors of the national nonprofit Entrepreneurship for All (EforAll). The nonprofit's mission is to accelerate economic and social impact in the communities it serves through inclusive entrepreneurship.
"Under Catherine's leadership, BankFive has been a catalyst for inclusive entrepreneurship in the communities we serve. Her engagement and passion for our mission have made her a valuable thought partner. As EforAll continues to grow nationwide, we look forward to leveraging Catherine's professional expertise in scaling organizations as a member of our national board." commented Meralis T. Hood, CEO of EforAll.
Catherine and BankFive have been involved with EforAll since its first program launched on the South Coast in 2016. Since then, 201 ventures have graduated from the EforAll South Coast program alone, generating over $4.2M in revenue and providing 293 local jobs in 2023 alone.
“Catherine has extensive experience working in leadership and mentorship roles both inside and outside of BankFive,” said BankFive President and CEO Anne P. Tangen. “She has a longstanding relationship with EforAll that has been inspirational to many of our employees and we are excited to see what she will do at the national level.”
Catherine has served on their SouthCoast Leadership Advisory Board and as a judge for pitch contests. In 2021, BankFive became EforAll’s Southern New England Regional Sponsor, kicking off a three-year partnership of providing $300,000 in annual support across EforAll South Coast, EforAll Rhode Island, and EforAll Cape Cod programs.
“When entrepreneurs are set up for success, the entire community benefits,” said Catherine Dillon, Executive Vice President and Chief Operating Officer at BankFive. “It is a tremendous honor to be appointed to the National EforAll Board after working so closely with the organization and entrepreneurs across the BankFive footprint for many years.”
For more information about EforAll South Coast please visit https://EforAll.org/ma/south-coast/.