City First Bank of DC is a nationally chartered commercial bank with a mission to provide financial and other services in low and moderate income communities. City First Bank is Washington D.C.'s first bank solely dedicated to community development finance. Our mission is to support and strengthen underserved communities in Washington DC and the surrounding suburbs.
Our deposits are at work in low and moderate wealth communities financing high impact deals – deals that create or sustain jobs and provide vital community services. With year-end 2015 assets of $257 million, loans of $167 million, and deposits of $195 million, the bank targets neighborhoods east of 16th Street including far NE and SE Washington and other economically challenged suburban communities. We offer depositors both a superior return and the chance to put their money to work in the neighborhoods that need financing most.
City First has been certified as a Community Development Financial Institution by the CDFI Fund of the U.S. Department of the Treasury, and has won seven rounds of authority under the New Markets Tax Credit Program totaling $468 million, including our recent 2015 award of $50 million.
City First Bank operates its sole branch in the historic U Street corridor at 1432 U Street, NW, Washington, DC and has a robust electronic delivery platform that allows its customers to bank from any location 24/7.
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