Executive Management Team

Brian E. Argrett, President and CEO, joined City First Bank in November 2011, bringing with him extensive expertise in financing growing companies in lower- and moderate-income and minority communities with both debt and equity. He joins City First Bank from Fulcrum Capital Group, an investment manager that he founded in Los Angeles, where he served as its managing partner. Prior to joining the Small Business Investment Company in 1992, Mr. Argrett was an attorney with the real estate law firm of Pircher, Nichols & Meeks in Los Angeles. Mr. Argrett has served as chair, been a member, or held observer rights on numerous Fulcrum portfolio company boards, as well as served on the boards of First Federal Financial Corporation, First Federal Bank of California, and Family Savings Bank, a community bank serving central Los Angeles. Active in the business and local Los Angeles community, Mr. Argrett has held leadership positions at the National Association of Investment Companies and the National Conference for Community and Justice, and has been an elder at the Knox Presbyterian Church. Mr. Argrett holds a J.D. and an M.B.A. from the University of California, Berkley, and a bachelor's degree from the McIntire School of Commerce at the University of Virginia.

Kimberly J. Levine, Executive Vice President, Chief Operating Officer and Chief Financial Officer, joined the bank in January 2006 with almost 30 years of banking and consulting experience. Most recently, she served as a Principal Consultant with Watkins Consulting, Inc. providing consulting, litigation support and forensic accounting services in the commercial and mortgage banking and financial services fields. Formerly, she served for 10 years as Senior Vice President and Chief Financial Officer of The Adams National Bank/Abigail Adams National Bancorp, Inc. as well as in other financial positions with local area banks. Ms. Levine, a native of Washington, DC, is a graduate of the Wharton School, University of Pennsylvania and a Certified Public Accountant.

Marie Mann Bibbs, Executive Vice President, Director, New Markets Tax Credit Program joined the Board of Directors of the Bank in January 2005, and left the board to take the position of Executive Vice President in September 2006. She has been employed in the community development industry for over 30 years and in banking for 20 years. Most recently she managed community development for NCB, FSB. Ms. Bibbs previously worked 11 years for SunTrust Bank and later was a regional manager for the community development group at Wachovia Bank. Ms. Bibbs also has experience working for the public and nonprofit sectors. She earned her undergraduate degree at Northeastern University in Boston, a Masters in City Planning at Howard University, Washington, D.C., and a Masters in Business at Johns Hopkins University in Baltimore. Ms. Bibbs is a native Washingtonian.

 

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html

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