Letter From Our President
We are City First Bank of DC, Washington’s only commercial bank solely dedicated to community development finance—a for-profit commercial bank with profits that are returned to the community.
Here’s what makes us different:
As a community development bank, City First’s mission begins and ends with the community. Our loans have made possible the creation of hundreds of new small business jobs, thousands of affordable housing units, and dozens of new charter schools and other nonprofits that provide important services to our community.
We work creatively with socially responsible investors, public agencies, and financial intermediaries to provide a double bottom line—helping depositors earn a superior return while their deposits go to work in neighborhoods in and around Washington, D.C. that need financing the most.
We’re small. We’re local. We’re strong and growing. While other banks may focus on larger deals, our specialty remains the deals that start small and grow big—for you, your business (including startups), your nonprofit, and your community.
We offer a full array of deposit products and services that alone or in combination can meet almost every need—for individuals, businesses, nonprofits and larger community efforts.
With a legal lending limit approaching $5 million, we create banking successes each year for small companies, nonprofits, social service agencies, charter schools, and real estate developers—especially those involved in developing or renovating affordable housing.
Everyone at City First shares a deep commitment to our mission, demonstrated in countless volunteer efforts throughout DC. Members of our staff are on the boards of organizations that promote small business and community development finance, including the Local Initiative Support Corporation, Washington Area Community Investment Fund, NEDCO, and the Community Development Bankers Association. You’ll also find City First staff members on the boards of numerous charter schools and other educational organizations. And each year, City First teams volunteer for community service projects like Rebuilding Together and Habitat for Humanity.
If you already bank with us, thank you for letting us meet your banking needs. If you don’t bank with us, come see us at our historic location in the bustling U Street corridor. Here you’ll experience banking with a local focus. And you’ll find new friends in the financial experts who are available every day to meet your needs.
We welcome an opportunity to serve you.
Brian E. Argrett
President and Chief Executive Officer