Sara Cheek

BY SourceMedia | MUNICIPAL | 09/30/25 09:21 AM EDT By Danielle Fugazy

Title: Senior Vice President
Firm: Samuel A. Ramirez & Co., Inc.
Age: 38

Sara Cheek didn't plan on providing banking advisory services to municipalities across Texas on an all-women team, but she's sure glad that's how it turned out. After losing her job in the recession in 2009, Cheek was cruising Career Builder and Monster.com and came across an opportunity at HilltopSecurities. She took it, started learning about municipal finance and never looked back.

Since joining Ramirez's Texas public finance banking team six years ago, Cheek has participated in more than $50 billion of bond issuances for various clients across Texas, including airports, cities/counties, hospitals, transit/transportation, school districts and state-level issuers.

The all-women team at Ramirez has been an added plus for Cheek. "It's an empowering team led by Robin Redford and Lorry Palacios. They have created a wonderful environment. We all wake up with the same goal of working hard for clients and empowering women. We live it every day," said Cheek.

In 2025, Cheek led the firm's $840 million bond issuance for the Dallas Independent School District, the largest negotiated issue it ever offered. "The Dallas Independent School District deal was the biggest deal we have ever done at the firm in our Texas office. I was proud to lead the team coverage and execute on the deal," said Cheek.

"It is such a pleasure to work with Sara on behalf of the city of Dallas and this is a much-deserved recognition of her expertise and dedication," said Jenny Kerzman, Dallas assistant director of treasury.

Outside of work, Cheek is a member of the National and Texas Women in Public Finance chapters, Civic League serving the Farmers Branch-Addison-Carrollton area, and National Association of Women's Gymnastics Judges.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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