PeopleFund appoints Walt Postlewait as Chief Lending Officer. New leadership position to support continued growth. Austin, Texas, October 8, 2026 - PeopleFund today announced the appointment of Walt Postlewait as Chief Lending Officer. Postlewait, the first to hold this role in the history of the organization, brings more than 30 years of experience in commercial lending, banking, and community development finance. Postlewait spent more than 12 years at Craft3, one of the largest regional Community Development Financial Institutions (CDFIs) on the West Coast, where he held several senior leadership positions, including Chief Lending Officer, Executive Vice President, and Chief Operating and Finance Officer. He helped grow the organization's assets from $32 million to $115 million and annual lending from $14 million to $55 million. Most recently, Postlewait held senior positions in CDFI lending and credit risk while pursuing entrepreneurial ventures in financial technology and real estate. His experience includes complex commercial lending, New Markets Tax Credits, SBA, USDA, and State Small Business Credit Initiative (SSBCI). "Walt brings an exceptional combination of lending expertise, operational leadership, and a proven record of scaling mission-driven financial institutions," said Gustavo Lasala, President and CEO of PeopleFund. "Creating this position is an important milestone for PeopleFund. As we continue to grow, we need experienced leadership to strengthen our lending capabilities, develop our team, and expand our reach. Walt has done this successfully before, and we are excited to have him lead this next chapter." As Chief Lending Officer, Postlewait will lead PeopleFund's lending operations, working closely with other areas across the organization to expand access to responsible capital across Texas. He will initially focus on strengthening PeopleFund lending operations, developing a high-performing team, and advancing strategic initiatives, including complex financing transactions to crate economic opportunity in underserved communities. "I'm excited to join PeopleFund at such an important stage in its growth," said Postlewait. "The organization has built a strong foundation and a clear commitment to the entrepreneurs and communities it serves. I look forward to working with the team to expand lending, strengthen our capabilities, and help more small businesses across Texas access the capital they need to succeed." Postlewait joins PeopleFund during a period of significant growth. Since 2019, the organization has tripled its balance sheet, surpassing $115 million in assets, while growing its cumulative economic impact from $500 million to more than $1.4 billion. PeopleFund continues to expand its lending programs, Small Business Accelerator, rural initiatives, and participation in the national Veteran Loan Fund. About PeopleFund Founded in 1994, PeopleFund is a nonprofit Community Development Financial Institution (CDFI) certified by the U.S. Department of the Treasury and an SBA lender. PeopleFund creates economic opportunity and financial stability by providing responsible financing, education, and resources to entrepreneurs who can't access capital from mainstream financial institutions. Since its founding, the organization has supported more than 6,000 small businesses, helped create or retain nearly 26,000 jobs, and generated more than $1.4 billion in direct economic impact across Texas. Learn more at www.peoplefund.org. Media Contact Jenny Palecek, SVP, Philanthropic Partnerships

PeopleFund announces new Chief Financial Officer. Michelle Powell to continue building on strong momentum. Austin, Texas, July 7, 2026 - PeopleFund today announced that Michelle Powell has assumed the role of Chief Financial Officer, succeeding Anthony Hedger. An established member of PeopleFund's leadership team, Powell worked closely with Hedger as financial Controller, strengthening the organization's finance function and helping build the financial infrastructure that supports PeopleFund's continued growth. With more than 25 years of financial leadership experience across nonprofit organizations, healthcare, and government, she brings deep expertise and leadership continuity to the role. "Michelle has played a critical role in our finance organization over the past two years and has earned the confidence of our Board, auditors, investors, and leadership team," said Gustavo Lasala, President and CEO of PeopleFund. "Four years ago, our finance department consisted of CEO/CFO, one Controller and one staff accountant. Today, we have a six-member team that is, without question, the strongest in our organization's history. Michelle helped build that team, making her the natural choice to lead our finance function into its next chapter." As Chief Financial Officer, Powell will lead PeopleFund's finance function while working closely with leaders across the organization, the Board of Directors, investors, and funding partners. "I am honored to serve as PeopleFund's Chief Financial Officer," said Michelle Powell. "Our finance team has built a strong foundation rooted in accountability, disciplined financial management, and sound internal controls. I look forward to building on that foundation while supporting our staff, borrowers, investors, and funding partners as we continue expanding economic opportunity throughout Texas." Powell assumes the CFO role as PeopleFund builds on a period of exceptional growth and financial strength. In 2025, the organization surpassed $100 million in total assets for the first time, deployed $23.6 million in loans, helped create or retain more than 1,200 jobs, and closed the year in the strongest financial position in its history. Building on that momentum, PeopleFund continues to advance key strategic initiatives. The Small Business Accelerator has graduated more than 430 entrepreneurs with over $20 million in capital and $1.7 million in grants while supporting more than 1,600 jobs. As the Texas member of the Veteran Loan Fund, PeopleFund is helping expand an initiative that has deployed more than $115 million to Veteran- and military spouse-owned businesses nationwide. PeopleFund is also expanding access to responsible capital in rural and historically underserved communities across Texas through strategic partnerships that leverage local resources and expertise to create economic opportunity throughout the state. PeopleFund Founded in 1994, PeopleFund is a nonprofit Community Development Financial Institution (CDFI) certified by the U.S. Department of the Treasury and an SBA lender. PeopleFund creates economic opportunity and financial stability by providing responsible financing, education, and resources to entrepreneurs who face barriers to accessing traditional capital. Since its founding, the organization has supported more than 6,000 small businesses, helped create or retain nearly 26,000 jobs, and generated more than $1.4 billion in direct economic impact across Texas. In 2025, PeopleFund closed the year with more than $108 million in total assets, reflecting the strongest financial position in its history. Learn more at www.peoplefund.org Media Contact Jenny Palecek, SVP, Philanthropic Partnerships, PeopleFund