City First Bank of DC is a nationally chartered commercial bank with a mission to provide financial and other services in low to moderate -income communities. Typically, our customers are developers of affordable housing, community service organizations, small businesses as well as charter schools, churches and other community institutions.
The bank targets neighborhoods east of 16th Street including far SE and NE Washington and other economically challenged suburban communities. On average over 80% of the loans we originate each year are located in low to moderate wealth communities.
City First Bank has been certified as a Community Development Financial Institution by the CDFI Fund of the US Department of Treasury and has won six rounds of authority under the New Markets Tax Credit Program totaling $418 million.
City First Bank operates its sole branch in the bustling and 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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