Mark Morales has tirelessly worked on boards and committees that represent diverse owned businesses in the Los Angeles Region. His goal is to help diverse owned businesses build capacity, connect with opportunities and get contracts with larger corporations. He is the first and sole LGBT Business Enterprise representative to the LA Business Council, the California Department of Insurance Diversity Task Force, the CA EDD, Southern California Edison’s Community Advisory Panel and he serves on the boards of Equality California and the Long Beach LGBTQ+ Chamber of Commerce. He also holds the title of president emeritus for his six years of board work for the Los Angeles LGBTQ Chamber of Commerce.
For his day job, Morales is a vice president of community reinvestment of City National Bank. Morales has over 20 years of business banking experience and specializes in SBA financing and loan programs for diverse owned businesses. He is assisting the CRA department of City National Bank to set up a Supplier Diversity program in con- junction with RBC, RBC Wealth Management and RBC Capital Markets. Morales not only helps businesses grow through loans, he has initiated multiple programs on SBA Loan Programs, access to capital and minority business certifications for CPAs, business groups, chambers, corporations and business owners.
Like his professional work, Morales’ humanitarian efforts lie at the intersection of business and community development. In March 2015 Morales was appointed to the State of California, Department of Insurance “Insurance Diversity Task Force‚” whose mission is to encourage increased insurer procurement from California’s diverse suppliers and diversity amongst insurer governing boards.
