14 Hoosier Banker February 2016 Continued on page 16. FEATURE Great Lakes Capital Fund is pleased to announce its new name. The organization went through an extensive branding process in order to reposition for future growth. Due to expansion into Delaware and surrounding states, in addition to expanded services, “Great Lakes” no longer made sense geographically, and “Capital Fund” was too limiting a description. The detailed name-change process took over a year, and the new name ‒ Cinnaire Corporation ‒ was announced last fall. The first question bankers might ask is, “What does Cinnaire mean?” The answer is that the name was created to reflect company offerings by combining two Celtic words: “cinn” meaning to lead, and “aire” denoting in a caring way. In answer to the next logical question ‒ “What does Cinnaire do?” ‒ the company provides solutions and support to partners through a dedicated, full-service approach. Its progressive approach and loyal, experienced staff create opportunities and provide access to funding and resources that can advance community and economic development efforts. Building upon an exceptional track record, Cinnaire’s responsible financial investment strategies, lending options and value-added services enable investors to help further business and community endeavors. Essentially Cinnaire is a full-service financial partner that supports community and economic development initiatives through creative loans, investments and best-in-class services. It matches impressive community investment opportunities with community-focused investors. Simply put, Cinnaire has a new name, but it offers the same expertise and exceptional services as ever. Equally exciting, Cinnaire proudly announces the 2016 Indiana Community Fund (ICF). It was established to allow banks to invest in a multi-investor fund to support the creation of affordable housing in Indiana communities. The ICF is a partnership between Cinnaire and the Indiana Bankers Association and was designed to broaden the opportunity for community banks to participate as investors in the low-income housing tax credit (LIHTC) program. With a small minimum investment of $500,000 in the ICF, a bank can receive tax credits (and losses) to offset its federal tax liability and generate a solid return on investment. All projects that are included in the Cinnaire: New Name, Same Best-in-Class Service Frederick Hash is senior vice president and director of business development for Cinnaire Corporation. He has been involved in affordable housing and community development finance for more than 25 years, including experience with the Indiana Capital Fund for Housing, Midwest Advisory Services Inc., the Federal Home Loan Bank of Indianapolis and the Indiana Department of Mental Health. Hash earned bachelor’s and master’s degrees from Indiana University. He can be reached at 317-522-5481, email: fhash@cinnaire.com. About the Authors Mark S. McDaniel is chief executive officer and president of Cinnaire Corporation, Lansing, Michigan. He has more than 35 years of community development and affordable housing experience. He has been active with multiple community organizations. A graduate of Michigan State University, McDaniel has been named Entrepreneur of the Year by the Greater Lansing Business Monthly and has been bestowed with the Governors Corporate Service Award and the Terry Duvernay Award. He can be reached at 517-230-5494, email: mmcdaniel@cinnaire.com. Cinnaire Corporation is a Diamond Associate Member of the Indiana Bankers Association and an IBA Preferred Service Provider.
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