Board of Directors
Brian E. Argrett, President & Chief Executive Officer. Mr. Argrett joined City First Bank in 2011 bringing extensive expertise in financing companies in underserved communities with both debt and equity. In addition to his service as a Director on the Boards of City First Bank and CFBanc Corporation, Mr. Argrett is Chairman of City First Foundation. He joined City First from Fulcrum Capital Group, an investment manager that he founded in Los Angeles. Fulcrum invests in lower middle-market companies through a private equity limited partnership and a federally licensed and regulated Small Business Investment Company. Prior to joining Fulcrum’s SBIC in 1992, Mr. Argrett was a transactional real estate attorney with the law firm of Pircher, Nichols & Meeks. Mr. Argrett has served as chair, director, 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. Active in the community, Mr. Argrett held board leadership positions at the National Association of Investment Companies, the National Conference for Community and Justice, and was an elder at the Knox Presbyterian Church. Currently, Mr. Argrett serves as a presidential appointee to the Community Development Advisory Board, he is Chairman of the Community Development Bankers Association, a member of the American Bankers Association Community Bankers Council, and is a director on the Board of the Washington, DC Economic Partnership. Mr. Argrett is a member of The Economic Club of Washington, D.C., Leadership Greater Washington Class of 2014, and the Strategic Planning Steering Committee for the DC Commission on the Arts and Humanities. Mr. Argrett is also a 2014 recipient of the Washington Business Journal Minority Business Leader Award. Mr. Argrett holds a Juris Doctorate and a Master’s in Business Administration from the University of California, Berkley, and a Bachelor’s of Science degree from the McIntire School of Commerce at the University of Virginia.
Phyllis R. Caldwell a Director since January of 2014 is a member of the Governance Committee and the Community Development Committee. Ms. Caldwell brings significant experience and expertise in housing finance, tax credit investing and commercial real estate banking in underserved and emerging markets. Currently, Ms. Caldwell is the Founder of Wroxton Civic Ventures, LLC. Previously, Ms. Caldwell held the position of Chief of the Homeownership Preservation Office for the U.S. Department of Treasury where she oversaw management and implementation of the Treasury’s housing market stabilization and foreclosure prevention programs established through the Troubled Asset Relief Program (TARP). She is the former President of the Washington Area Women’s Foundation and has held several key positions at Bank of America including President of Community Development Banking, where she was responsible on a national level, for loans and investments to real estate developers working in low and moderate income neighborhoods. Ms. Caldwell is currently on the board of directors of the Low Income Investment Fund, American Capital Senior Floating, Ltd., and the Community Preservation and Development Corporation. Prior board experience includes the Calvert Social Investment Foundation, the Local Initiatives Support Corporation, and the National Equity Fund. In addition, Ms. Caldwell was a member of the Community Development Advisory Committee for the Federal Reserve Bank of Richmond. A University of Maryland graduate, Ms. Caldwell received her B.A. degree in Sociology and Urban Planning and her M.B.A. from the Smith School of Business.
John M. Hamilton a Director since 1998 chairs the Governance Committee and is a member of the Executive Committee and the Community Development Committee. Formerly Mr. Hamilton was the Chairman of Community First Inc. Mr. Hamilton currently is employed as the President of City First Enterprises. He is the former Secretary of Indiana's Family and Social Services Administration, served as Commissioner of Indiana's Department of Environmental Management and as Chief of Staff to the Lieutenant Governor of Indiana. Prior to this, he practiced law in Indiana. Mr. Hamilton received his bachelor's degree from Harvard University and law degree from Indiana University.
Marie C. Johns a Director since 2013 is currently a member of the Audit and Compliance Committee and the Business Development Committee. A leader in business, civic and government service, Ms. Johns brings more than 30 years’ experience with a focus on community service in the areas of education and economic development. Currently, Ms. Johns is the Managing Member of Leftwich LLC. Previously, she served as President of Verizon Washington and was nominated by President Barack Obama to serve as Deputy Administrator of the U.S. Small Business Administration (SBA). In 2011, under Ms. Johns’ leadership and initiatives, the SBA resulted in lending more than $30 billion to more than 60,000 small businesses, a record in SBA history. Ms. Johns founded L&L Consulting, LLC, a business development, organizational effectiveness and public policy consulting practice and has served on several boards including the Economic Club of Washington, DC Chamber of Commerce and International Women’s Forum of Washington, D.C., WLR Foods, Kaiser Permanente of the Mid-Atlantic Region and Harvest Bank of Maryland. Additionally, she is a member of the Greater Washington Business Hall of Fame, one of Washingtonian magazine’s “100 Most Powerful Women” and the recipient of over 100 awards from different organizations for her community service. Ms. Johns received her B.S. and Master of Public Administration degrees from Indiana University where she later served as a Board member for the Tobias Center for Leadership Excellence.
Leonade D. Jones a Director since 2008 is currently a member of the Directors’ Loan Committee and the Business Development Committee. Ms. Jones is a Director of several mutual funds in the American Funds Group and a member of the Investment Advisory Committee of the New York State Teachers’ Retirement System. She is the co-founder and former CFO of VentureThink, LLC and Vesura Inc., companies in higher education finance. For over 20 years, Ms. Jones worked in senior management with The Washington Post Company including as corporate Treasurer. Actively involved in community and public affairs, Ms. Jones is currently an honorary trustee of Simmons College, a trustee of World Learning, a director of the Studio Theatre, a member of the Washington Area Women’s Foundation Leadership Council, and a director of the Independent Directors Council. She earned her JD/MBA from Stanford Law School and the Graduate School of Business after graduating from Simmons College with a BA with distinction. She is a member of the California Bar and the District of Columbia Bar. Ms. Jones was inducted into the Washington DC Women’s Hall of Fame and awarded the Candace Award for Business from the Coalition of 100 Black Women. She is a recipient of the Outstanding Young Women of America Award. Ms. Jones is a native of Washington, DC.
Thomas F. Kelley a Director since 2008 currently Chairs the Directors’ Loan Committee and is a member of the Executive Committee and the Business Development Committee. Mr. Kelley has extensive experience in the real estate finance and commercial banking industry. He spent over 35 years with SunTrust Bank, and retired in 2011 from his position of Group Executive for Real Estate Finance in the Mid-Atlantic Region. Mr. Kelley is a former member of the Fundraising Committee of the Arlington Diocese, Catholic Charities, provides volunteer tax assistance to the non-profit Economic Development Group of Arlington, Virginia and served on the Board of Directors of Falls Church Housing Corporation, a non-profit affordable housing developer, from 2005-2012. He earned his undergraduate degree in finance from the University of Virginia, McIntire School of Commerce and his MBA from George Washington University in Washington, DC.
Dr. William A. Longbrake, Ph.D a Director since 2011 currently chairs the Audit and Compliance Committee and is a member of the Directors’ Loan Committee, Compensation Committee, Executive Committee and a Board Representative on the Bank’s Asset and Liability Committee. Dr. Longbrake is currently employed as an Executive in Residence at the Robert H. Smith School of Business at the University of Maryland and participates in the Center for Financial Policy. Dr. Longbrake is active in numerous academic, business, and community service organizations, particularly those involving issues surrounding affordable housing and education. He has extensive experience in finance and investments, macroeconomics and monetary policy, risk management, housing, and public policy. He currently writes a monthly economic newsletter for Barnett, Sivon and Natter. Dr. Longbrake is Chair of the Board of Trustees of the College of Wooster, a residential four-year liberal arts college. He also chairs the board of Lift Up Africa, a charitable organization that finances humanitarian and economic development initiatives on the continent of Africa. He is Chairman of the Board of HOPE LoanPort, a not-for-profit organization that provides a data management and communications web portal to housing counselors and home mortgage servicers. He is a member of several committees of the American Bankers Association. Dr. Longbrake was a Director of First Financial Northwest, a community bank located in Renton, Washington, from 2008-2010; a Director of the Federal Home Loan Bank of Seattle from 2002-2010; and a Director of the Washington Financial League from 2002-2010. He taught courses in business administration and finance at the University of Maryland and Seattle University. In 2007 Dr. Longbrake received the Distinguished Alumnus of the Year award from the Robert H. Smith School of Business of the University of Maryland. Dr. Longbrake began his career in Washington, DC where he served in various government positions, including Acting Senior Deputy Comptroller for Policy and Senior Deputy Comptroller for Resource Management for the Office of the Comptroller of the Currency and financial economist, acting controller and special assistant to the Chairman at the FDIC. Dr. Longbrake earned his bachelor-of-arts degree in economics from the College of Wooster. He earned his master’s degree in monetary economics and his master of business administration degree from the University of Wisconsin. He received his Ph.D. in finance from the University of Maryland.
David J. McGrady a Director since 1998 is currently Vice Chairman of the Board of Directors of the Corporation and the Bank. He is a member of the Executive Committee, the Directors’ Loan Committee, the Governance Committee and the Community Development Committee. Mr. McGrady is a consultant specializing in community development issues and is a nationally recognized expert on the NMTC program. Mr. McGrady has been the key advisor to 20 successful NMTC funds (including CFBanc Corporation) with allocations totaling $1.4 billion and has assisted those funds in developing and implementing capitalization and deployment plans. He also advises banks, investors, foundations, municipalities and community development financial institutions (CDFIs) on a range of issues, including corporate structure and governance, capitalization, market and risk assessment, product development, portfolio management and tax credit programs. For many years, Mr. McGrady was Director of Commercial Programs for the Center for Community Self-Help in Durham, North Carolina. Under his leadership, Self-Help originated over 1,300 higher risk business loans totaling more than $80 million. He is also a member of the Board of Trustees of National Community Investment Fund and a member of the Board of Directors of City First Enterprises. Mr. McGrady received his bachelor's degree from King's College and law degree from Harvard Law School.
Kathy J. McKinless a Director since 2010 is currently a member of the Audit and Compliance Committee and the Community Development Committee. Ms. McKinless retired from KPMG LLP, an international certified public accounting firm in 2003. As a Certified Public Accountant, Ms. McKinless has over 28 years’ experience in public accounting auditing various types of corporations including banks, real estate companies, colleges/universities and not-for-profit organizations. Ms. McKinless is active in community outreach organizations and currently a part-time advisor for the Archdiocese of Washington. Ms. McKinless received her bachelor's and master's of business administration degrees from the University of South Carolina.
Obiora (“Bo”) Menkiti a Director since 2011 is currently a member of the Directors’ Loan Committee and the Business Development Committee. Mr. Menkiti is the founder and CEO of The Menkiti Group, a values-based real estate services company dedicated to enhancing the fabric of America’s urban communities. Prior to forming The Menkiti Group, Mr. Menkiti served as Chief Operating Officer of College Summit, a national non-profit organization dedicated to increasing the college enrollment rate of low-income students. He is also the founder and CEO of Keller Williams Capital Properties, a high quality service oriented residential brokerage business. Mr. Menkiti graduated cum laude from Harvard University.
Dr. Hassan Minor, Jr., Ph.D a Director since 2008 is currently Chair of the Compensation Committee and a member of the Executive Committee and the Governance Committee. Dr. Minor is retired from his position as the Senior Vice President and Chief Strategy Officer of Howard University where his responsibilities included strategic planning, information technology, university research and external affairs. He was the University officer charged with the development of the award winning LeDroit Park Initiative and the National Capital Medical Center. He was also the University’s Chief Technology Officer, and had responsibility for WHUR-FM, the commercial radio station and WHUT-TV, the public television station. Dr. Minor is also the founder of the Howard University Middle School of Mathematics and Science. He will continue to provide strategic counsel to the University. Dr. Minor earned his doctorate from the Massachusetts Institute of Technology, and later joined the MIT faculty as a professor of organizations and public policy. He served as Assistant for Urban Affairs to the Faculty of Medicine at Harvard University and was the Managing Director of The Corporation for Boston, a business think tank established by MIT faculty and major corporate leaders. Dr. Minor is also a member of the Board of Directors of City First Enterprises. He was a Regent of the Commonwealth of Massachusetts, a Governor of the Center for Creative Leadership, and a Director of the Boston Museum of Science Corporation, the Boston Bank of Commerce, the United South End Settlements and GSI, a private company chartered to provide services to government facilities. He has also served as a Trustee of the Community Foundation of Greater Washington.
C.F. Muckenfuss, III a Director since 1998 is currently Chairman of the Board of Directors of the Corporation and the Bank, formerly serving as the Vice Chairman of the Corporation and the Bank. In addition, Mr. Muckenfuss is currently Chair of the Executive Committee. Mr. Muckenfuss is also the Chairman of the Board of Directors of City First Enterprises. Mr. Muckenfuss has been a partner of Gibson, Dunn & Crutcher LLP since 1981. Previously, he served as Senior Deputy Comptroller for Policy with the OCC, Counsel to the Chairman and Special Assistant to the Director of the FDIC and as an attorney and project developer for the Bedford Stuyvesant D and S Corporation, then the largest Office of Economic Opportunity-funded community development project in the country. Mr. Muckenfuss speaks frequently before industry, legal and academic groups on various banking issues. He received his bachelor's degree from Vanderbilt University and law degree from Yale University.
Robert A. Peck a Director since 2013 is currently Chair of the Business Development Committee and a member of the Executive Committee and the Community Development Committee. Mr. Peck is the Southeast Region Director of Consulting and firm-wide Government Practice Area co-leader for Gensler, a global architecture and design firm. He is a nationally recognized advocate for high-quality public architecture, smart growth & sustainable building and an experienced practitioner in complex real estate portfolio strategy and public-private development projects. For five years in the Clinton Administration and nearly three in the Obama Administration, Mr. Peck was the Commissioner of the GSA’s Public Buildings Service. Additionally, he has worked at the U.S. Office of Management and Budget, the National Endowment for the Arts, the White House and the Federal Communications Commission; was an Associate Counsel to the U.S. Senate Committee on Environment and Public Works and Chief of Staff to the late U.S. Senator Daniel Patrick Moynihan (D-NY). He has been a land use and real estate attorney and a commercial real estate adviser and broker. He was president of the Greater Washington Board of Trade as well as Vice President for Government Affairs at the American Institute of Architects. A former Special Forces officer in the U.S. Army Reserve, Mr. Peck has served on several corporate and nonprofit boards; he previously served on the Board of City First Bank from 2002 to 2009. He earned a B.A. in economics from the University of Pennsylvania and a J.D. from Yale Law School.
Ellen Seidman a Director since 2009 is currently Chair of the Community Development Committee and a member of the Executive Committee and the Compensation Committee. Ms. Seidman is a Senior Fellow at the Urban Institute, and a Visiting Scholar with the Federal Reserve Bank of San Francisco. Her wide ranging financial industry and regulatory expertise includes serving as the Director of the Office of Thrift Supervision (OTS), a Director of the Federal Deposit Insurance Corporation (FDIC), and a member of the Federal Financial Institutions Examination Council (FFIEC). Her community development experience includes her current service on the Boards of Coastal Enterprises, Inc., and Aeris Insights, and previous service as Board Chair of the Neighborhood Reinvestment Corporation (now NeighborWorks). She is also on the Board of the Center for Financial Services Innovation, having served as founding Chair. Ms. Seidman has been a senior official at the White House National Economic Council, Fannie Mae, the Department of Treasury and the Department of Transportation. Ms. Seidman received her bachelor’s degree from Radcliffe College, an MBA degree in Finance and Investments from George Washington University, and her law degree from Georgetown University Law Center.
Kristi C. Whitfield a Director since 2011 is currently a member of the Audit and Compliance Committee, the Business Development Committee and the Community Development Committee. Ms. Whitfield co-owns Curbside Cupcakes. Curbside Cupcakes is Washington DC's first mobile cupcake truck, delivering gourmet cupcakes to the office, home, or events to businesses and residents in the District of Columbia. In addition, Ms. Whitfield is the Executive Director of the DC Food Truck Association. Ms. Whitfield has over a decade of experience in affordable housing and community development, program design, fundraising, nonprofit management, and strategic planning. Ms. Whitfield received her bachelor’s degree from Swarthmore College and Master of City Planning from the Massachusetts Institute of Technology.
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