City First Bank of DC is a mission driven, federally chartered, community development bank. We are dedicated to strengthening underserved communities in Washington, DC helping them to grow and prosper by providing high quality banking and financial services.
In the 16 years since City First began operations, the bank has financed over 5,371 units of affordable housing, created or retained over 4,368 jobs that built the capacity of nonprofits and small businesses, and helped to create more than 8,023 additional new DC public charter school seats to fulfill growing student demand.
As of December 31, 2013 City First Bank holds assets of $214 million, deposits of $171 million and loans of $152 million, and historically delivering over 80% of business loans to low wealth communities, fulfilling our community development mission.
City First Bank is certified as a Community Development Financial Institution (CDFI) by the CDFI Fund of the U.S. Department of Treasury and has won six rounds of authority under the New Markets Tax Credit Program (NMTC Program) totaling $418 million to date.
City First Bank operates its sole branch on the historic U Street corridor at 1432 U Street, NW, Washington, DC and has a robust electronic delivery platform that allows our customers to bank from anywhere at any time.