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Board of Directors


Brian E. Argrett

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 and was a presidential appointee, under the Obama administration, to the Community Development Advisory Board. 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 (“FHLBATL”) and is the Vice Chair of FHLBATL’s Enterprise Risk and Operations Committee. Mr. Argrett is a past Chairman and continues to serve on the board of the Community Development Bankers Association, serves as a member of the Global Alliance on Banking on Values, and as a member of the Steering Committee of the Expanding Black Business Credit Initiative. Mr. Argrett is also a director of the Washington DC Economic Partnership, and serves on the Deputy Mayor for Planning and Economic Development’s Economic Strategy Advisory Committee, the DC Attorney General’s Business Advisory Committee, the 11th Street Bridge Park Kitchen Cabinet, 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 owner 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. 

LISA GREEN HALL

Lisa Green Hall, a Director beginning in 2018, is currently a member of the Business & Community Development Committee. Ms. Hall has dedicated her 25-year career to economic justice, social impact and community development using the tools of impact investing and philanthropy. She has served in executive roles across multiple sectors in the United States and abroad. Ms. Hall was most recently a Managing Director at Anthos Asset Management, headquartered in Amsterdam, the Netherlands where she launched an impact investing initiative for Anthos, a large European family office. From 2013 to 2016 she was responsible for portfolio management of the firm’s private debt and equity impact investment funds including the Skopos Impact Fund, with aggregate commitments of EUR 80 million. After relocating back to the United States in 2016, Ms. Hall remained with Anthos and was involved in due diligence, origination, and monitoring of investments across 10 countries in emerging and developed markets.

Ms. Hall previously served as CEO and President of Calvert Foundation from 2010 to 2013, following her tenure as head of the investment portfolio from 2005 to 2010. During her eight years with Calvert Foundation, Ms. Hall oversaw the growth of assets under management from less than USD 100 million to nearly USD 500 million with less than .5% credit loss in the loan portfolio through the Great Recession. Prior to joining Calvert Foundation, Ms. Hall held positions in impact investing and community development finance with Fannie Mae, Enterprise Community Investments (formerly Enterprise Social Investment Corporation), and JP Morgan Chase (formerly Chemical Bank). Ms. Hall also served in the Clinton Administration in 1999 as a policy advisor at the National Economic Council where she worked on the creation of the New Markets Investment Tax Credit. Ms. Hall earned an MBA from Harvard Business School in 1993 and a BS in Economics from the Wharton School at University of Pennsylvania in 1987.

As a volunteer board member, Ms. Hall currently devotes most of her time to Habitat for Humanity International and the NonProfit Finance Fund. She also serves on the Investment Committee of the Nathan Cummings Foundation and is a member of the Board of Overseers for the University of Pennsylvania Graduate School of Education. Previously, she served on the boards of the Tides Network, The Funders Network for Smart Growth and Livable Communities, the Advisory Board of the CDFI (Community Development Financial Institutions) Fund, and Impact Assets. She also chaired the Board of Elsie Whitlow Stokes Charter School in Washington, DC from 2011 to 2013. She is a 2008 graduate of Leadership Greater Washington and was a 2003 Marshall Memorial Fellow.

Ms. Hall frequently presents at industry conferences on the topics of impact investing and philanthropy and is a leading expert on foundation and endowment investment strategies for impact. She has been a keynote speaker or panelist at the national gatherings of Opportunity Finance Network, Prosperity Now (formerly Corporation for Enterprise Development), the Global Impact Investing Network, and the Women’s Funding Network. Her contributions were instrumental to the development of Great Expectations published by the Wharton Social Impact Initiative and she co-led the creation of a guide on impact management entitled More than Measurement published in collaboration with Bridges Impact+. She has been featured online and in print for her expertise and views on impact investing, diversity, gender equity and financial inclusion by B Magazine, The Conference Board, the Washington Post, ShelterForce and the Green Money Journal.

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.

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 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, 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. Bo 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, (KWCP) a residential real estate brokerage managed by The Menkiti Group. Prior to forming The Menkiti Group and KWCP, 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.

Under Mr. Menkiti’s leadership, The Menkiti Group and KWCP 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. Mr. Menkiti has also been recognized by EY as a 2017 Entrepreneur of the Year.

Mr. Menkiti’s work has been featured in David Bornstein’s book on social entrepreneurs, How to Change the World, and in Stephen Goldsmith’s The Power of Social Innovation, and he has been recognized nationally by Ebony and Inc. magazines as one of the coolest young entrepreneurs in America. In 2006, Mr. Menkiti was recognized with The National Association of Realtors Prestigious “30 under 30” award, and in 2014 he was honored by the National Association of Realtors as the District of Columbia Realtor of the Year, and in 2014, followed by being named as Keller Williams Realty International’s 2015 Entrepreneur of the Year. The Washington Business Journal named Menkiti a Minority Business Leader by and placed him on the 2014 Power 100, a list of the most influential business leaders in the Washington metropolitan area.

Committed to serving communities and transforming neighborhoods by serving on civic and public service organizations, Mr. Menkiti served as the 2013 President of the District of Columbia Association of Realtors, and served on the board of the DC Water, the District of Columbia Water and Sewer Authority. In 2015, Mr. Menkiti was inducted on the board of the Myer Foundation, the Federal City Council, and was elected to the Executive Board of Prolanthropy. In the same year, Mr. Menkiti launched the Capital Properties Menkiti Group Foundation, (CPMG Foundation) an organization that focuses its resources on serving the diverse social needs existing in the National Capital Area. He is a current board member for Dance Place, and serves as a member of the Steering Committee of the Small Business Policy Project.

Mr. Menkiti is a graduate of Harvard University and lives in Washington D.C. with his wife and three young sons.

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.

 

 

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