Financial Institution Representative

Board Chair and Chief Executive Officer 
Local Bank
Hulbert, OK  

Susan Chapman Plumb serves as Board Chair and Chief Executive Officer of Local Bank headquartered in Hulbert, Oklahoma. Local Bank is a Native-owned CDFI with locations in Hulbert, Tahlequah, Park Hill, Sallisaw and Grove, Oklahoma.

Local Bank was founded in 1907 by a prominent group of Cherokee Nation citizens and purchased by the Chapman family and other Cherokee investors in 1996. Plumb succeeded her father as board chair and CEO in 2017.

Local Bank has grown significantly under Plumb's leadership and is one of the fastest-growing financial institutions in the state. A citizen of the Cherokee Nation, Plumb is the only female Native American bank owner in the United States. Local Bank is dedicated to serving rural, low-income and minority communities. Unlike larger lending institutions, Local Bank invests 95% of its deposits back into the communities it serves. 

Plumb's lifelong commitment to public service is both professional and personal. She has been in service to the Federal Reserve since 2017 and currently serves on the Federal Reserve Bank's Kansas City Board of Directors. She has served on the boards of Northeastern Health System and the Oklahoma Hall of Fame. She has also been active in public service to the Cherokee Nation for decades. Her past roles include Chairperson of the Cherokee Nation Election Commission and as a board member for the Cherokee National Historical Society and the Cherokee Nation Education Foundation. Plumb was also a delegate to the Cherokee Nation's historic 1999 Constitutional Convention. She is the third in her family to help draft a Cherokee Nation Constitution, following in the footsteps of her father Gary who served on the Cherokee Nation’s 1975 Constitutional Convention and her direct ancestor Hair Conrad, a signer of the 1827 Cherokee Constitution. 

Plumb earned an undergraduate degree from the University of Oklahoma and a juris doctorate from the University of Tulsa, where she received a certificate in American Indian Law. She practiced law for ten years before returning to her banking roots. She and her husband, Loyal Plumb, have four daughters and are the proud grandparents to ten grandchildren. Plumb lives on the upper Illinois River in rural Cherokee County, Oklahoma.

Beverly Bobb is the Chief of Staff to CDFI Fund Director Pravina Raghavan. In this role she works closely with Deputies to assist on implementation of strategic projects, serve as liaison with staff, executives, senior leaders, and the Director regarding employee well-being, project updates, proposals, and planning and handle inquiries, developing action plans, and assisting with preparation and dissemination of communications.

Beverly has over 20 years of managerial experience in community and economic development at both the state and federal government levels. Prior to her current position, Beverly came from Manufacturing Extension Program (MEP) at National Institute of Standards and Technology as the Chief of Staff to their Director. Before joining MEP, Beverly had several roles at Empire State Development, New York State’s economic development agency.

She holds a Master of Business Administration from St. Joseph’s College, with a focus on Organizational Management.

Felicia Young is the Program Manager for the CDFI Fund Cross Program Team. In this role, she leads efforts to provide program management support to CDFI Fund award programs to help meet deadlines and priorities associated with program funding rounds and to facilitate development and implementation of cross program initiatives and process improvements. Prior to joining the CDFI Fund, Felicia managed awards programs, operational programs, strategic planning, and process improvements at multiple federal agencies.

Ms. Pravina Raghavan began her tenure as the Director of the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) on March 11, 2024.  

On her appointment, Noel Poyo, Treasury’s Deputy Assistant Secretary for Community and Economic Development said, “I am proud to introduce Director Raghavan to the CDFI Fund team and the broader community finance field.  She is a seasoned leader in community and economic development with an impressive track record of overseeing billions of dollars in mission-oriented federal investments.“

Prior to the CDFI Fund, Director Raghavan served as the director of the Hollings Manufacturing Extension Partnership (MEP) located at the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST).  MEP helps small and medium-size U.S. manufacturers develop new products and customers, expand, and diversify markets, adopt new technology, and improve supply chains. 

Prior to MEP/NIST, she served as executive vice president in the Division of Small Business and Technology Development for Empire State Development, the New York State economic development agency. In that role, she led and managed a diverse portfolio including small business lending, bond guarantee, venture capital and technical assistance programs that provided billions of dollars in economic impact for the state; created and implemented the $100 million New York Forward Loan Fund and Empire State Digital resource for COVID-19 small business recovery; and designed and implemented the state’s $800 million COVID-19 Small Business Recovery Grant Program.

She also served as deputy associate administrator of investment and innovation at the U.S. Small Business Administration (SBA) and was responsible for the Small Business Investment Companies Program, Small Business Innovation Research Program and High Growth Entrepreneur initiatives. She also served as district director for SBA’s New York District Office.

Director Raghavan previously served as senior adviser to then-Deputy Secretary of Commerce Bruce H. Andrews. In that role, she worked on a large number of economic and operational issues across the department, including strategic planning and policy development on various topics including emergency management, economic development, international trade, weather, budget, contracts, staffing and technology development.

Before joining the federal government, Director Raghavan was a vice president with MTV and BET Networks, a founder and owner of a global strategic advisory firm, and business development director for Misys PLC, one of the world’s largest banking software companies. She was also an associate at Broadview International, a London investment bank, and worked at AT&T in several finance and management roles, including her last five years as mergers and acquisitions director for Europe and Asia. Director Raghavan has an M.B.A. in finance from Seton Hall University and a B.S. in finance from the Pennsylvania State University.