Roberto R. Herencia was nominated by President Obama to serve on OPIC’s Board of Directors, and he was confirmed by the Senate in October, 2011. He is a financial services industry executive, consultant and thought leader with 30 years of broad experience in all aspects of community banking in the U.S. and emerging markets. In addition to serving as the President and CEO of BXM Holdings, Inc., an investment fund specializing in community banks, Mr. Herencia currently serves as non-executive chairman of the Board of Directors of FirstBancorp (NYSE:FBP) and its subsidiary bank FirstBank Puerto Rico, as well as an independent director of SKBHC Holdings and its two subsidiary banks AmericanWest Bank and First National Bank of Starbuck.
Mr. Herencia has held the positions of President and Chief Operating Officer of the community banking subsidiary of a top 30 publicly traded bank holding company, CEO of a publicly traded community bank, head of emerging markets at a major domestic and international bank, and consultant to regulators, community banks and private equity investors. He has extensive experience with complex and distressed turnaround efforts, mergers, and acquisitions.
Mr. Herencia was the President and CEO of Midwest Banc Holdings Inc. (NASDAQ:MBHI) and Midwest Bank and Trust, a $3.6 billion community bank with 26 branches in the Chicago area, between 2009 and mid 2010, leading one of the most challenging attempts at rescuing a distressed bank and achieving a number of ground breaking “firsts.” Previously, he spent 17 years with Popular Inc. (NASDAQ:BPOP) as its Executive Vice President and as President of Banco Popular North America, building a distinct $12 billion community bank with 138 branches in five of the largest urban markets located across six states. Prior to joining Popular, Mr. Herencia spent 10 years with The First National Bank of Chicago (now J.P. Morgan Chase) in a variety of roles, including Deputy Senior Credit Officer and Head of the Emerging Markets Division.
Mr. Herencia is a Trustee of the Museum of Science and Industry, DePaul University, and Northwestern Memorial Foundation in Chicago. He serves on the Board of Directors of Junior Achievement of Chicago, the Navy Pier Corporation in Chicago, Operation Hope in Los Angeles, and New America Alliance. Mr. Herencia is a former member of the Board of Directors of The ServiceMaster Company, a registered public corporation (NYSE: SVM), where he served as Chairman of its Audit and Finance Committee.
Mr. Herencia has received numerous awards for his civic contributions including the Distinguished Corporate Citizenship Award from The Jewish Council on Urban Affairs, the Evy Award from A Silver Lining Foundation, and the prestigious Ellis Island Medal of Honor.
A native of Puerto Rico, Mr. Herencia graduated Magna Cum Laude and received his B.S.B.A. in Finance from Georgetown University. He received his M.B.A. from the Kellogg School of Management at Northwestern University.