Community Impact

Impacting the Community Through Finance

At City First Bank, we are focused on building the economic health of underserved communities in the greater regions of Washington, DC and Los Angeles, CA. Commercial lending for the development or preservation of affordable housing, the construction or renovation of community facilities and loans for the business operations of small for-profit and nonprofit companies remains the center of the City First Bank mission.   

We create significant impact even beyond our direct lending. Our New Markets Tax Credit program has also served as a significant catalyst for economic development through large scale and impactful projects.   

We are happy to share the highlights of our community impact with you.

City First Bank Community Impact for 2022

As of December 31st, 2022, City First Bank has total assets of $1.2 billion, total loans of $768 million, and total deposits of $687 million.

In 2022, we deployed $304 Million in capital with 69% in mission lending.

• $181 million was lent in low to moderate income communities.
• $173 million in loans for affordable housing creating or preserving 1463 units of affordable housing
• $31 million in loans to not for profits supporting an additional 568 community members served through community facility financing.
• $26 million in loans to small businesses retaining or creating 531 jobs.
• $65 million in loans supported 21 minority owned or led organizations
  • $61 million in loans supported 19 African American owned or led organizations.
• $5 million in green lending to 4 projects in and for the low-income communities we serve.

City First Bank received an “Outstanding” Community Reinvestment Act (CRA) Rating in September 2022 for our community development lending in and for low-income communities from 2019 through 2021.

City First Bank received a Best for the WORLD for our Customers awarded to top performing certified BCorps in July 2022.