First Community Capital’s Commitment To Black & Brown Communities

Jay Diallo, the founder of First Community Capital (FCC), has built a legacy of empowering underserved communities through financial inclusion in Riverside, California. His journey from humble beginnings to leading a transformative financial institution reflects the African American Alliance of CDFI CEOs’ mission to empower Black CDFI CEO members to lead and grow their institutional operations, teams, and social impact. Since FCC’s inception in 2019, the Black-led CDFI has achieved remarkable strides, significantly impacting the lives and businesses of those it serves. Born and raised in Ghana, Jay quickly learned that hard work is the key to achieving success. Following his family’s entrepreneurial path, he assumed significant responsibilities at an early age to ensure that both his and his family’s education were financially secure. At 16, driven by the desire for better opportunities, Jay sought refuge in Costa Rica, where he continued his education at the European School and became fluent in Spanish. His academic excellence earned him a scholarship through his school’s international baccalaureate program, leading him to Westmont College in Santa Barbara, California. Jay always knew it was a part of his purpose to make a meaningful contribution to economic development and help with narrowing the racial wealth...