Advisory Committee on Economic Inclusion (ComE-IN)
Guest Speaker Biographies - James P. Maloney
James P. Maloney is the Chairman of the Board of the Mitchell Bank and
President of the Mitchell Bank Holding Corporation. Established in 1907,
Mitchell Bank is an independent community bank located on the near south
side of Milwaukee, Wisconsin.
Mitchell is one of the 31 financial institutions participating in the FDIC's
pilot program to develop Affordable Small Dollar Loans within the Guidelines
issued in June of 2007. Maloney has personally been involved in the
development of Mitchell's small dollar loan and the multiple changes to the
program based upon the bank's experiences.
Maloney has spearheaded the Banks outreach to the Latino community, which
has included multiple partnerships with religious, civic and social
institutions related to banking, mortgage, immigration and homeownership
issues. He has been actively involved in the outreach to the unbanked
and/or underbanked Latino community, emphasizing the elimination of
barriers to access to financial services.
has directed the establishment of the Cardinal Bank, a full service
branch of the Mitchell Bank within the dominant Latino High School in the
area. He has worked extensively in creating and marketing new products,
with particular emphasis on remittances. Mitchell is the largest volume
originator of the Federal Reserve's Directo a Mexico, International
is one of the original members of the New Alliance Task Force,
established by the Consulate of Mexico and the FDIC. He is also a member of
Community and Economic Development Committee of the American Bankers
Maloney is also a member of the Alliance for Economic Inclusion (AEI)
task force. He and Mitchell Bank participate in the Immigrant Market
subcommittee which is working on developing alternatives products to payday
and other predatory lending.
addition to his role as Chairman, Maloney is and has been a practicing
attorney for over 34 years. He graduated with a B.A. degree, magna cum
laude, from Marquette University in 1971. He received his J.D. degree, cum
laude, from Marquette University Law School in 1974. He was admitted to the
bar in 1974 and is a member of Phi Beta Kappa.