Welcome to City First Bank of DC. We are the only regulated bank serving Washington that is solely dedicated to community development finance. If you are already a customer, you know we are a small, agile and community focused institution. Our customers needs drive our actions, our product offerings and our business model. If you are considering City First as your bank, we welcome you to visit us at our sole location in the bustling U Street corridor. Experience banking with a locally focused institution where experienced bankers are available every day and where decisions are made right here!
As you explore this web site, you will find that we distinguish ourselves from the many banks serving DC in several ways. We are a very small institution, and we like it that way. From our perspective, bigger is not necessarily better. While other banks may focus on larger deals, small business, including start-ups, is just the niche we serve and with a legal lending limit of almost $3 million, we are well poised to grow with you. Each year we finance dozens of small companies, non profit and social service agencies, charter schools and real estate developers, particularly those involved in developing or renovating affordable housing. In addition to a wide variety of loan products with flexible terms and conditions, our staff takes the time to help our customers understand management, operational and financial matters and problems that are unique to small businesses. When it comes to community development, City First is deeply committed.
But we are not just about working with borrowers to strengthen DC communities. We recognize that our depositors play a critical role in the process, as well. We work very creatively with socially responsible investors, public agencies and financial intermediaries to provide a double bottom line – permitting our depositors to earn a superior return while their deposit goes to work in the DC neighborhoods that need financing most. We offer a full array of deposit products and services which alone or in combination can meet almost every business need. Moreover, because of the nature of our business and the partnerships required to meet our community financing objectives, we are very aware of the special needs of non-profit organizations and have designed special programs around their specific needs.
Everyone at City First shares a deep commitment to our mission. This is demonstrated in their active involvement in the community development world. 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. We sit on the boards of numerous charter schools and other educational organizations. Each year City First teams volunteer on community service projects like Rebuilding Together and Habitat for Humanity.
If you already bank with us, thank you for your vote of confidence and allowing us to meet your banking needs. If you don’t bank with us, come see us. We welcome an opportunity to introduce you to the biggest little bank in town. At City First, we see the possibilities.