Crossroads Systems, Inc. (OTCQB: CRSS), is a holding company focused on investing in businesses that promote economic vitality and community development. Crossroads’ subsidiary, Capital Plus Financial (CPF), is a certified Community Development Financial Institution (CDFI) and certified B-Corp which supports Hispanic homeownership with a long term, fixed rate single family mortgage product. CPF was acquired on December 19, 2017 and CPF management currently owns 2,955,028 shares or 49.5% of the outstanding stock.
Learn more about Capital Plus Financial by reviewing the presentation below or at www.capitalplusfin.com.
Restrictions on Ownership of 5% or more of Crossroads Stock
For information relating to restrictions on ownership of 5% or more of the common stock of Crossroads Systems, Inc., please click Stock Restrictions.doc.
Chief Executive Officer
Eric Donnelly has served as a director and as Chief Executive Officer since December 2017. Mr. Donnelly has spent his 20-year career focused on supporting small businesses and developing low to moderate income communities with an emphasis on Hispanic homeownership. He has served as Capital Plus Financial LLC’s Chief Executive Officer since 2014 after having been hired by the company’s founder in 2012 to scale the 25-year social enterprise. Mr. Donnelly has grown the company into one of the largest Community Development Financial Institutions in the country and under his leadership has achieved its B Corp certification further reinforcing the company’s commitment to community impact as well as shareholder value growth. In 2005 after many years in commercial banking, Mr. Donnelly founded a national small balance commercial real estate finance company focused on delivering long term, fixed rate options to small business owners. He is an active Hispanic entrepreneur and leader whose passion it is to improve underserved and underbanked market segments. Mr. Donnelly is a graduate of Southern Methodist University with a Bachelor of Arts in Economics. Mr. Donnelly is a director of InBankshares and International Bank, a community bank located in New Mexico and Colorado. He is a on the board of Financial Mentors of America, Inc. (FMA), an educational nonprofit which seeks to achieve social and economic transformation. He is a participant in the BBVA Momentum program for Social Entrepreneurs, a 2017 graduate of the Stanford Latino Entrepreneur Initiative.
Chief Financial Officer
Farzana Giga has served as director of Crossroads since December 2017 and Capital Plus Financial’s Chief Financial Officer since 2014. Ms. Giga’s career has been focused on financial analysis and structuring in both private and public companies in Canada and the US. Prior to joining Capital Plus, Ms. Giga served as CFO for a private equity firm focused on residential seller financing including acquisitions, mortgage originations and servicing for a portfolio exceeding $100M. From 2007 to 2009, she worked as an Investment Manager at Quadrant Capital Partners where she was responsible for loan acquisitions and financial analysis of residential and commercial real estate. Ms. Giga is a Certified Public Accountant, Certified Management Accountant in Ontario, Canada and received her Bachelor of Arts, Economics (Management & Accounting) from the University of Toronto.