FSC First Announces Dawn R. Medley as New President & CEO

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FSC First is pleased to announce that Dawn R. Medley will assume the position of President & CEO, effective January 1, 2023. Medley will succeed Shelly Gross-Wade, who steps down in December 2022 after nearly 25 years of service.

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"Dawn has been a part of the organization for over 10 years and has created and implemented many new programs in the region and led the lending team at the organization," said Diane Brown, Chair of the FSC First Board of Directors.

FSC First is pleased to announce that Dawn R. Medley will assume the position of President & CEO, effective January 1, 2023. Medley will succeed Shelly Gross-Wade, who steps down in December 2022 after nearly 25 years of service.

Medley currently serves as FSC First’s Senior Vice President - Business Finance Programs and the Prince George’s County Economic Development Incentive Fund Manager (EDI). She is an industry thought leader with over 20 years of experience in public and private funding programs. Over the course of her career, Medley developed, implemented, and managed operations in several funding sectors, including commercial banking, economic development, and small business finance. A subject matter expert in the U.S. Small Business Administration’s 504 and 7(a) loan guarantee programs, Medley champions local entrepreneurship, managing a complex portfolio of over $60 million in assets that broaden the commercial tax base, retain and attract jobs, increase the growth of key industry sectors and support energy conservation.

At FSC First, Medley’s strategic guidance elevates the outcomes for underserved businesses and geographic areas identified for investment. Her stewardship of grant programs, technical assistance, and other financial services put momentum behind promising community businesses. During her tenure, Medley has led the CEO’s vision in the development and implementation of 10 new loan and grant programs.

“Dawn has been a part of the organization for over 10 years and has created and implemented many new programs, refined the lending process, provided advisory services and education to businesses in the region, and led the lending team at the organization. She has also represented us through advocacy and engagement with all our various partners and stakeholders in Prince George’s County and the State of Maryland. We look forward to Dawn’s continued contributions to FSC First’s legacy,” said Diane Brown, Chair of the FSC First Board of Directors and Chief Operating Officer of the Prince George’s Community Federal Credit Union.

Prior to joining FSC First, Medley began her lending and finance career with Fannie Mae, Freddie Mac, and National Cooperative Bank. She served the citizens of Maryland as the Director of Business Lending at the Maryland Department of Housing and Community Development. She served as a Governor’s Task Force member for business forward initiatives, provided testimony to the Maryland General Assembly, and drafted legislation to provide access to capital for emerging small businesses, which subsequently became law.

Medley holds a Bachelor of Science degree in business administration with a focus in business law and public policy from the University of Maryland University College. She is a graduate of the Class of 2016 Leadership Maryland program and serves on the Maryland Economic Development Association (MEDA) Board of Directors.

About FSC First: FSC First is a U.S. Treasury-designated Community Development Financial Institution (CDFI), an SBA 504 Certified Development Company (CDC), and SBA Community Advantage 7(a) Guaranteed Lender.  FSC First serves as a fund manager for several local and statewide loan programs.  As a mission-driven financial institution, FSC First is focused on providing creative and innovative financing solutions to small and minority-owned businesses, primarily in Prince George’s County and throughout the state of Maryland. https://fscfirst.com/

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Nisha Stephens
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