2020 Power 50: Monica M. Thomas-Bonnick
Photo | Matthew Wright
Monica M. Thomas-Bonnick, vice president & business lending officer for Webster Five and the executive director & treasurer for the Webster Five Foundation
- Title & company: Vice president & business lending officer Webster Five
- Second title & company: Executive director & treasurer for the Webster Five Foundation
- Location: Worcester
- Residence: Northborough
- Colleges: University of Oklahoma & Simmons University
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Anyone who has ever spent even a small amount of time with Thomas-Bonnick knows she is a force to be reckoned with, both in her day job developing commercial banking relationships with businesses in Massachusetts for the $880-million Webster Five and on the five nonprofit boards she serves on: Edward Street Child Services, YWCA Central Massachusetts, WAMSworks, Quinsigamond Community College Foundation and the EcoTarium.
Perhaps where her impact is felt most is where her passion meets her profession, as she focuses her professional time providing access to capital to support underserved markets: nonprofits, business owners of color, women entrepreneurs and LGBT+ business owners. As the leader of the Webster Five Foundation, Thomas-Bonnick directs the bank’s funding to a variety of nonprofits, aimed at helping youth and seniors.
What makes Central Mass. unique? The economy is unique since it consists mostly of privately owned small to mid-sized businesses and nonprofits.
Get paid doing what you love: I like to white water canoe and was an instructor in my youth, and I was a CFO for a Girl Scout council and got paid to have fun.
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