Raquel’s extensive experience and passion for community development make her an ideal leader for BCL, and her story reflects BCL’s mission to advance economic development and create opportunities for Texans. With a strong background in lending, economic development, and community partnerships, along with a broad network across Texas and the nation, Raquel is well positioned to carry forward the values and vision Rosa embedded into the organization.

Rosa transformed BCL from a local lender into a statewide nonprofit organization focused on economic and community development. Her impact reaches communities across Texas, with BCL facilitating more than $1.9 billion in loans and supporting more than 8,000 economically disadvantaged families. Rosa’s legacy as a pioneer and advocate will continue through her role as Founder in Residence through the end of the year, helping ensure a smooth leadership transition as BCL continues its work of building strong communities across Texas.

Reflecting on her time with BCL, Rosa said, “I’m incredibly proud of what we have accomplished at BCL. Formed in 1990 by community leaders during an economic recession to lend in Central Texas, BCL is now statewide and offers one of the broadest ranges of loan products and economic development services in Texas.”

Rosa’s legacy is woven into BCL’s history, with her leadership establishing a strong foundation of innovation, service, and community impact that continues to guide the organization today.

Looking ahead, BCL’s employees, customers, and stakeholders can anticipate a seamless transition and continued innovation under Raquel’s leadership. Her focus will remain on expanding access to capital and resources, strengthening BCL’s programs, and building strong partnerships with local leaders, businesses, and community members.

As October highlights the contributions of women in business, BCL’s leadership transition is a reminder of the importance of leadership, mentorship, and vision. Raquel’s appointment represents both a continuation of Rosa’s legacy and the beginning of a new chapter focused on growth, innovation, and lasting community impact.

In Raquel Valdez Sanchez, BCL has found a leader who embodies our mission to provide accessible lending solutions, financial education, and strategic growth opportunities. As Raquel takes the helm, BCL’s employees, partners, and stakeholders can be confident that BCL will continue advancing economic opportunity and strengthening communities across Texas.

This October, we invite you to join us in recognizing Women Small Business Month, honoring the trailblazing leadership of Rosa Rios Valdez, and welcoming Raquel Valdez Sanchez as BCL’s new President & CEO. This passing of the torch represents more than a leadership transition. It reflects the continuity of BCL’s mission, its commitment to strong communities, and its vision for continued growth and economic opportunity across Texas.