Board of Directors
Brian Argrett, a Director since 2011 is currently President and Chief Executive Officer of the Corporation and the Bank, and is Chairman of City First Enterprises and City First Foundation. Mr. Argrett also serves on the Executive Committee of both the Corporation and the bank. Formerly, Mr. Argrett was founder and managing partner of both Fulcrum Capital Group, an investment manager, and Fulcrum Capital Partners, L.P., a traditional, institutionally-backed private equity limited partnership. He also served as President, Chief Executive Officer and director of Fulcrum Venture Capital Corporation, a federally licensed and regulated Small Business Investment Company. Prior to joining Fulcrum, 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. 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. Currently, Mr. Argrett serves as a director on the Board of the Federal Home Loan Bank of Atlanta, is a presidential appointee to the Community Development Advisory Board, is Chairman of the Community Development Bankers Association, serves as a director of the Washington DC Economic Partnership, is a member of the Community Bankers Council of the American Bankers Association, and is a member of the Governing Board of Mosaic Theater Company of Washington, D.C. Mr. Argrett is also 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. In addition, Mr. Argrett is a 2014 recipient of the Washington Business Journal Minority Business Leader Award. Mr. Argrett holds a J.D. and an M.B.A from the University of California, Berkeley, and a bachelor’s degree from the McIntire School of Commerce at the University of Virginia.
Phyllis R. Caldwell
Phyllis Caldwell, a Director since January of 2014 is Chair of the Business & Community Development Committee, a member of the Executive Committee, and a member of the Governance 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, which provides advisory services in the areas of housing and community development. Previously, Ms. Caldwell served as 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 currently chairs the board of directors of Ocwen Financial Corporation, and also serves on the boards 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, College Park graduate, Ms. Caldwell received her B.A. degree from the College of Behavioral and Social Sciences with a major in sociology and urban planning and her M.B.A. from the Robert H. Smith School of Business.
MARIE C. JOHNS
Marie Johns, a Director since 2013 is Chair of the Governance Committee, a member of the Executive Committee, and a member of the Audit and Compliance 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. 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 she currently serves as managing member of Leftwich LLC, a legal and consulting professional services firm in Washington DC. Ms. Johns has served on several boards including the Economic Club of Washington, DC Chamber of Commerce, the 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 the Greater Washington Board of Trade’s “Leader of the Years” 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
Leonade Jones, a Director since 2008 is currently a member of the Business & Community 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 member of the Washington Area Women’s Foundation Leadership Council, and a director and an executive committee member of the Independent Directors Council. She earned her JD and MBA from Stanford Law School and the Graduate School of Business after graduating from Simmons College with a BA with distinction. She is an inactive 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
Tom Kelley, a Director since 2008 is Chair of the Directors’ Loan Committee and is a member of the Executive Committee. Mr. Kelley has extensive experience in the real estate finance and commercial banking industry. He spent over 35 years with SunTrust Bank, retiring in 2005 from his position of Group Executive for Real Estate Finance in the Mid-Atlantic Region. He was rehired as a real estate problem asset workout specialist during the financial crisis of 2008, and retired from that position in 2011. Mr. Kelley is a former member of the Fundraising Committee of the Arlington Diocese, Catholic Charities, and served on the Board of Directors of Falls Church Housing Corporation, a non-profit affordable housing developer, from 2005-2012. His current volunteer activities include coaching with The First Tee Inc. of Washington DC, and serving as site coordinator providing volunteer tax assistance with the non-profit Volunteer Income Tax Assistance program of Fairfax County. He earned his undergraduate degree in finance from the University of Virginia, McIntire School of Commerce and his MBA in Finance and Investments from George Washington University in Washington, DC.
WILLIAM A. LONGBRAKE, PH.D
Dr. William Longbrake, a Director since 2011 is Chair of the Audit and Compliance Committee, a member of the Executive Committee, the Directors’ Loan Committee, and the Compensation Committee. Dr. Longbrake is also 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 past-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. Dr. Longbrake is a director of the Washington State Investment Board, a director of the Boeing Employees Credit Union, and 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's of business administration degree from the University of Wisconsin. He received his Ph.D. in finance from the University of Maryland.
DAVID J. McGRADY
David 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 Business & Community Development Committee, the Directors’ Loan Committee, and the Governance 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 College and law degree from Harvard.
KATHY J. MCkinless
Kathy McKinless, a Director since 2010 is currently a member of the Audit and Compliance 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 is currently a senior advisor at the Archdiocese of Washington. She also serves on the Board of Directors of the American Institutes for Research, the Diocese of Arlington, the Franciscan Monastery, Catholic Charities USA, and the Girl Scout Council of the Nation’s Capital Advisory Board. Ms. McKinless received her bachelor's and master's of business administration degrees from the University of South Carolina.
OBIORA (“BO”) MENKITI
Bo Menkiti, a Director since 2011 is currently a member of the Directors’ Loan Committee. Mr. Menkiti is the Founder and CEO of the Menkiti Group, a real estate company dedicated to transforming lives and communities through real estate. The Menkiti Group is focused on strengthening neighborhoods through the strategic development, management, and disposition of real estate in urban markets. Mr. Menkiti also serves as CEO and is the Founding Partner of Keller Williams Capital Properties, a residential real estate brokerage managed by the Menkiti Group. Mr. Menkiti was honored as a Minority Business Leader by the Washington Business Journal and named to the paper’s 2014 Power 100, a list of the most influential business leaders in the Washington metropolitan area. He was also recently honored by the National Association of Realtors as the District of Columbia Realtor of the Year in 2014 and as Keller Williams Realty International’s 2015 Entrepreneur of the Year. In April, the Washington Business Journal recognized Mr. Menkiti as one of their 40 under 40 honorees, a list acknowledging 40 of Washington, D.C.’s brightest young business leaders under 40. Under Mr. Menkiti’s leadership, the Menkiti Group and Keller Williams Capital Properties have been recognized by Inc. Magazine as being among the fastest growing private companies in the nation and by the Initiative for Competitive Inner City (ICIC) and Fortune Magazine as two of the fastest growing inner city businesses in America. This year, Keller Williams Capital Properties was also recognized as Washington Post’s ‘Top Workplace’ for the second year in a row. Prior to forming the Menkiti Group and Keller Williams Capital Properties, 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. In this capacity, Mr. Menkiti oversaw the organization’s successful growth into a multi-site national organization. Mr. Menkiti is a graduate of Harvard University.
hassan minor, jr., ph.d
Dr. Hassan Minor, a Director since 2008 is 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.
cantwell f. muckenfuss, iii
Chuck Muckenfuss, 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 a retired partner of Gibson, Dunn & Crutcher LLP. 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 corporation. Mr. Muckenfuss is a Member, Senior Advisory Board, Treliant Risk Advisors, a partner of Vista Capital Advisors and a Visiting Lecturer in the Community and Economic Development Clinic at Yale Law School. He is also a member of the Board of Directors of the Roosevelt Institute. He received his bachelor's degree from Vanderbilt University and law degree from Yale University.
ellen s. seidman
Ellen Seidman, a Director since 2009 is currently a member of the Business & Community Development Committee and the Compensation Committee. Ms. Seidman is a Senior Fellow at the Urban Institute. 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 chairing the Boards of Coastal Enterprises, Inc., and Aeris Insights, and previous service as Board Chair of the Neighborhood Reinvestment Corporation (now NeighborWorks). She is a founder of the Center for Financial Services Innovation. 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
Kristi Whitfield, a Director since 2011, is currently a member of the Audit and Compliance Committee. Ms. Whitfield is the Director of Public Space Operations for the Downtown Business Improvement District (BID). Ms. Whitfield brings a combination of affordable housing, community development, program design, fundraising, nonprofit management, strategic planning and small business enterprise to her role on the board. Ms. Whitfield began her career in community development in Boston where she worked with community organizations to build affordable housing for low income families. Ms. Whitfield gained a national perspective on the issues that face disenfranchised communities as the Director of Field Operations for Enterprise Community Partners where Ms. Whitfield was responsible for the management of a $65 million grant/loan fund and the annual planning and budgeting for Enterprise field offices nationwide. Ms. Whitfield took a detour from community development in 2009 when she founded Curbside Cupcakes, Washington DC's first gourmet mobile cupcake truck. As a fierce advocate for this fledgling industry, Ms. Whitfield became the founding Chairman of the DC Food Truck Association from 2010 - 2012. In 2015 The Food Truck Association awarded Ms. Whitfield the first annual Leadership Award. Ms. Whitfield received her bachelor’s degree in Sociology/Anthropology with a Concentration in Black Studies from Swarthmore College and Master of City Planning with a concentration in Housing and Community Development from the Massachusetts Institute of Technology.
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