Teveia Barnes was appointed by Governor Brown as Executive Director of the California Infrastructure and Economic Development Bank (IBank) on July 12, 2013. IBank’s mission is to finance infrastructure, economic expansion, clean energy and water projects and to promote small business in California through the Small Business Finance Center. IBank’s statutory powers include the authority to issue bonds, make loans and provide financing and credit enhancements for a variety of infrastructure, clean energy, water and economic expansion projects to state and local governments, municipalities, universities, schools and hospitals.
Prior to joining IBank, Ms. Barnes was commissioner of the California Department of Financial Institutions, the chief state regulator of depository financial institutions responsible for the licensing, examination and supervision of banks, credit unions, savings associations, trust companies, foreign banking organizations, industrial development companies and money transmitters. Barnes was a partner at the law firm of Foley and Lardner LLP. Barnes worked at the Bank of America NT&SA as associate general counsel and senior vice president.
Ms. Barnes earned a Juris Doctorate from New York University School of Law in 1978 and received her BA degree in economics, political science and German studies from Rice University in 1975, where she was an Arthur B. Cohn Scholar.