ASSETS Lancaster appoints new CEO after Jaime Arroyo’s departure | Local Business

ASSETS Lancaster has found its new CEO after the departure of Jaime Arroyo in January to become the mayor of Lancaster city.

ASSETS, a business-focused nonprofit located on the second floor of Southern Market in Lancaster city, selected Maian McCauley of Lancaster as its next leader. McCauley, 39, has served as the business banking relationship manager and vice president for M&T Bank since April 2024. She formerly served ASSETS as a volunteer on the nonprofit’s Advancement Committee, which works to create opportunities for local entrepreneurs.

McCauley started as CEO today, replacing Andres Zorrilla, the nonprofit’s interim CEO and director of administration. North Group Consultants in Lititz led the nonprofit’s national search for a CEO.

A spokesperson with ASSETS confirmed that Zorrilla is staying on as director of administration.

Founded in 1993, ASSETS is a nonprofit that provides microloans to local businesses, works with start-ups and existing businesses to uplift women and people of color as business owners and offers training to entrepreneurs, according to the job listing for CEO that has since been deleted.

McCauley, a J.P. McCaskey High School graduate and Elizabethtown College alumna, grew up in Lancaster as the daughter of the first Vietnamese woman to graduate from Millersville University, Thuat Nham. Nham escaped Vietnam in 1975 and spent months in American refugee camps, including Fort Indiantown Gap, before finding her home in Lancaster County.

McCauley brings more than 14 years of financial services experience to ASSETS, according to a blog post from the nonprofit. She has worked for several banks in Lancaster County since 2012.

McCauley said she’s looking forward to continuing to help Lancaster’s business community, since her life’s work has prepared her for it.

“To help them in the beginning stages and give them a hand up is what’s most important to me,” McCauley said.

From the beginning of July 2024 to the end of June 2025, ASSETS distributed $312,850 in grants and microloans to local entrepreneurs, according to the nonprofit’s latest annual report. The average loan size for entrepreneurs was quoted at $9,000, and the nonprofit claimed to support 550 clients through training and lending.

ASSETS’ latest available tax filing from June 2024 listed the nonprofit as employing 18 staff members. Arroyo reported receiving $93,460 as compensation from the organization that fiscal year.