Loop Bank

Clients, Capital, Commitment

image who we are

Who we are

Loop Bank is an International Banking Institution whose primary objective is to provide value driven financial services to our clients. Our core focus is to provide individuals and businesses with technology driven banking services that combine seamless service and strong oversight. In addition, we offer a wide range of custody, business support and registration services to our clients that want to do business in Puerto Rico. We believe in providing excellent service through our board, management and employees. We pride ourselves on collaborative thinking, balancing risk and reward and deploying digital tools that support deeper thinking and innovation.

Our team

Eric Donnelly
Eric Donnelly

Chief Executive Officer

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Eric Donnelly / Chief Executive Officer

Mr. Donnelly is a seasoned community banker, Chief Executive Officer of a publicly traded company (Crossroads Systems, Inc.) and CEO of one of the largest Community Development Financial Institutions (CDFI) in the country, Capital Plus Financial. 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’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 InBank, a community bank located in New Mexico and Colorado. He serves on the loan oversight, audit and risk committees of the bank. He was a participant in the BBVA Momentum program for Social Entrepreneurs and a 2017 graduate of the Stanford Latino Entrepreneur Initiative.

Eric Donnelly
Farzana Giga

Chief Financial Officer

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Farzana Giga / Chief Financial Officer

Farzana Giga has served as the Chief Financial Officer and board member of Crossroads Systems since December 2017 and the Chief Financial Officer of Capital Plus Financial since 2014. Ms. Giga’s background includes extensive experience in strategic financial planning and structuring as well as financial operations in public and private organizations. Her most recent experience included managing a private equity fund focused on residential seller financing including acquisitions, mortgage origination and mortgage servicing for a portfolio exceeding $100M. In 2014, during her tenure at the private equity fund, Ms. Giga partnered to acquire Capital Plus Inc and form Capital Plus Financial which was then acquired by Crossroads Systems in 2017. Ms. Giga currently serves on the board of Zigatta LLC, a technology solutions company and is also a member of the OTCQX Issuer Advisory Council. 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.

Greg Jacobson
Greg Jacobson

Chief Operating Officer

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Greg Jacobsen / Chief Operating Officer

Greg Jacobson. Greg Jacobson is an experienced manager of mortgage and mortgage-related assets. Since 2014 he has been the Chief Investment and Chief Risk Officer of the MIMS Master Fund a mortgage investment fund focused on acquiring from and financing mortgages, loan participations, and other residential mortgage assets for mortgage bankers and community banks. From 2009 to 2014 he was the CEO of Banc of Manhattan Capital an affiliate of Bank of Manhattan N.A. During that timeframe, he also served as a director of the Bank of Manhattan N.A. and Manhattan Bancorp its holding company. His responsibilities included oversight of the Bank’s residential mortgage lending operation, mortgage investments, enterprise risk management, and ALCO functions. He has also been the President and COO of Countrywide Capital Markets, the Chief Operating Officer of KB Home Mortgage Corp, and the Chief Operating Officer of Countrywide Warehouse Lending Company where he oversaw the company’s business to business lending activities and was a member of its counterparty risk management committee

Join the team