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Terese Caro, President & CEO

Terese Caro was named President of LRC in March, 2020 after serving four years as Vice President and Chief Lending Officer where she oversaw a $10.9 million loan portfolio consisting of small business, new construction/rehab and commercial/retail real estate loans. In 2021, she became President & CEO of LRC. Ms. Caro has spent nearly 30 years in banking and finance, managing a diverse portfolio valued at over $500 million in loans and assets.

During her career, she has astutely managed a diverse portfolio of loans and assets, and developed a broad range of skills including new market tax credit transactions, opportunity zone redevelopment projects, risk management, underwriting, financial analysis, loan restructuring, collections, quality control and compliance.

Ms. Caro has a passion to help small businesses succeed and works closely with clients to provide the education, tools and development needed to allow them to become self-sustaining and achieve their organizational and financial goals.

Previously, Ms. Caro held management roles at Wisconsin Women’s Business Initiative Corporation, Seaway Bank and Trust Company, and North Milwaukee State Bank. She earned a Masters of Business Administration and a Bachelor of Science degree in Business Administration from Cardinal Stritch University.

José A. Mantilla, Senior Advisor

José A. Mantilla retired as president of LRC in March 2020, and remains on as a senior advisor. He joined the LRC team in October, 2016, as President and CEO. A seasoned financial executive, Mr. Mantilla has extensive experience in diverse areas of financial services with a proven track record and demonstrated accomplishments.

Previously, Mr. Mantilla held leadership roles at three Milwaukee financial institutions, M&I Bank, Legacy Bank and North Milwaukee State Bank, as well as at KeyBank, N.A. in Cleveland. He also worked as a consultant lending expertise on the unique needs of community banks.

Mr. Mantilla is a native of Puerto Rico and the son of one-time Milwaukee Braves infielder Felix Mantilla. He has a B.A. in Economics from the University of Wisconsin – Milwaukee and studied Executive Sales Management at the University of Chicago. Mr. Mantilla is a Certified Treasury Professional.

Jason Boothe, Sr., Director of Real Estate Development

Jason Boothe, Sr., joined the LRC team in January 2019 to assume the new role of Director of Real Estate Development. He brings extensive experience in finance and real estate to his position.

Previously, Mr. Boothe was employed as a Special Assets Officer at Seaway Bank and Trust Company in Milwaukee where his duties included loan modification and compliance review. He also gained valuable experience while serving as a Project Administrator at Dynamic Contractors and Consulting where he was responsible for project management, accounts payables, and accounts receivables. Mr. Boothe is a licensed realtor who represented Coldwell Banker in Glendale.

In 1998, Mr. Boothe earned a Bachelor of Arts degree in Communications from the University of Wisconsin-Parkside. He also completed his Associate in Commercial Real Estate (ACRE) Program Certification in May 2005.

Abby Scott, Office Manager

Abby Scott shares her passion for accounting and numbers daily in her key role at LRC. She is responsible for overseeing accounts payables and receivables, cost reports, government reporting, budgets, and grant proposals. She prides herself on balancing the books and finding innovative ways for LRC to be more efficient and cost effective.

Prior to joining LRC in 2016, Ms. Scott spent more than 25 years working in business finance and accounting, including roles at M & I Bank, Legacy Bank, North Milwaukee State Bank and 1st Citizen Bank. For three years, she also ran ASHA Family Services, a nonprofit agency in Milwaukee’s central city. Over the years, Ms. Scott has served on several boards for local organizations.

She attended Lakeland College and the University of Wisconsin-Oshkosh and holds certificates from the American School of Banking (AIB) and Morse School of Investment Banking.

External Partners

FFSJlogo (1)Established in 1971, FF&SJ has been recognized as one of Milwaukee’s preeminent law firms and continues a reputation of providing hands-on, creative and tenacious representation to businesses, individuals and governments. FF&SJ is known in the community as a “boutique” firm because of its client-friendly size and its focus on complex litigation and defined practice areas, which include land use law, zoning, permits and licensing, real estate, environmental law, construction law, insurance, technology, creditor’s rights, lending, business law and entity formation and structuring. FF&SJ attorneys are long-time Wisconsin residents and truly understand the local community.

Hurtado Zimmerman SC, provides dependable legal advice about construction, real estate and public finance issues. The firm’s lawyers are responsive, strategic-minded and agile advocates, who use focused legal experience in commercial construction and related development and financing law to customize the right resolution for clients.

g2_logo_b-wG2 Creative Inc. is an award-winning marketing and communication agency led by principals Jan and Todd Graveline that serves for-profit and nonprofit clients of all sizes in a wide range of industries. Formed in 1994, G2 offers a comprehensive suite of services, including brand identity, marketing and communication planning, creative strategy and analysis, print and web development, project management and social marketing. Prior to forming their agency, Jan was the Marketing Communications Manager for Johnson Controls, Inc. and Todd was the Assistant Art Director for Astronomy Magazine.

RITZ PMS CoatedFounded in 1957, RitzHolman CPAs is a full-service accounting and consulting firm. As one of southeast Wisconsin’s top 25 accounting firms, RitzHolman CPAs advises businesses, nonprofits, individuals and trusts on tax, accounting and financial management strategies. The firm encourages all employees to get involved in a cause that matters to them, as a volunteer or board member. You can find their staff making a difference in public service organizations throughout the area. RitzHolman CPAs believes that sharing time, expertise and enthusiasm strengthens our community and also the firm.

RSF LogoReenie Fluyeras, CPA, and her firm RSF Accounting, Inc. provide on-site support at LRC. She specializes in nonprofit accounting and understands grant requirements and reporting functions. Previously, Ms. Fluyeras was a supervisor at RitzHolman CPAs and a senior accountant at the Boys and Girls Clubs of Greater Milwaukee. She earned a B.S. in marketing and a M.S. in accounting from Marquette University. She is a member of the Wisconsin Institute of Certified Public Accountants (WICPA) and the American Institute of Certified Public Accountants (AICPA) and serves as the treasurer for Young Nonprofit Professionals Network- Greater Milwaukee Chapter. RSF Accounting, Inc. 

Source One Technology provides affordable IT solutions to Wisconsin small and mid-sized business, schools and nonprofits. The organization’s goal is to provide effective technology solutions that solve your IT challenges within your budget, while providing a solution that minimizes your need to rely on us to manage and support it.

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