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Executive Management

Brian E. Argrett, President & Chief Executive Officer of City First Bank and CFBanc Corporation. Mr. Argrett joined City First Bank in 2011 bringing extensive expertise in financing companies in underserved communities with both debt and equity. In addition to his service as a Director on the Boards of City First Bank and CFBanc Corporation, Mr. Argrett is Chairman of City First Foundation.  He joined City First from Fulcrum Capital Group, an investment manager that he founded in Los Angeles. Fulcrum invests in lower middle-market companies through a private equity limited partnership and a federally licensed and regulated Small Business Investment Company. Prior to joining Fulcrum’s SBIC in 1992, Mr. Argrett was a transactional real estate attorney with the law firm of Pircher, Nichols & Meeks. Mr. Argrett has served as chair, director, 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. Active in the community, Mr. Argrett held board leadership positions at the National Association of Investment Companies, the National Conference for Community and Justice, and was an elder at the Knox Presbyterian Church. Currently, Mr. Argrett serves as a presidential appointee to the Community Development Advisory Board, he is Chairman of the Community Development Bankers Association, a director of the Washington DC Economic Partnership, a member of the Community Bankers Council of the American Bankers Association, and a member of the Governing Board of Mosaic Theater Company of Washington, D.C.  Mr. Argrett is 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. Mr. Argrett is also a 2014 recipient of the Washington Business Journal Minority Business Leader Award. Mr. Argrett holds a Juris Doctorate and a Master’s in Business Administration from the University of California, Berkley, and a Bachelor’s of Science degree from the McIntire School of Commerce at the University of Virginia.

Shaun E. Murphy, Senior Executive Vice President and Chief Credit & Risk Officer of City First Bank and CFBanc Corporation  Mr. Murphy joined the bank in 2015 having most recently served as Chief Risk Officer of H Bancorp, a multi-bank holding company, where he was responsible for all risk and compliance activities.  In addition, Mr. Murphy served on the Board of Directors of Bay Bancorp and its bank subsidiary, Bay Bank.  Prior to H Bancorp, Mr. Murphy served as Managing Director of Hovde Private Equity Advisors, LLC where he was responsible for risk and due diligence activities surrounding strategic bank investments. Mr. Murphy also served as Chief Operating Officer responsible for portfolio administration and operations of the Structured Finance Business of CapitalSource Inc., which encompassed the commercial real estate, residential mortgage and rediscount finance practices of the firm. He has over 25 years of national and international experience in financial services in senior positions in loan origination, credit, capital markets, regulatory compliance and workout. Prior to CapitalSource, Mr. Murphy was the Credit Executive for PNC Financial Services Corporate Banking and PNC Capital Markets, Inc., responsible for underwriting, portfolio administration, and strategic positioning. Mr. Murphy previously held several management positions at Allfirst, including Chief Regulatory Officer and Chief Ethics Officer. Mr. Murphy also served as Allfirst Financial’s (the country’s 16th largest bank holding company at the time) Chief Regulatory Officer responsible for all compliance functions across the bank and other subsidiaries as well as the bank’s BSA Officer, CRA Officer, Chief Compliance Officer, and Chief Ethics Officer.  Mr. Murphy began his career at HSBC in New York and holds degrees from The London School of Economics and Political Science (M.Sc.) and Villanova University (B.S.B.A.).   

Kimberly J. Levine, Executive Vice President, Chief Financial Officer and Chief Compliance Officer of City First Bank and CFBanc Corporation and Treasurer of CFBanc Corporation. Ms. Levine joined the bank in January 2006 with almost 30 years of banking and consulting experience. Most recently, she served as a Principal Consultant with Watkins Consulting, Inc. providing consulting, litigation support and forensic accounting services in the commercial and mortgage banking and financial services fields. Formerly, she served for 10 years as Senior Vice President and Chief Financial Officer of The Adams National Bank/Abigail Adams National Bancorp, Inc., an SEC registered bank holding company, as well as in other financial positions with local area banks. Ms. Levine began her career in public accounting with Arthur Andersen & Co. Ms. Levine currently serves on the Board of Directors of Levine Music (formerly Levine School of Music), Hope and a Home and Partners for the Common Good as well as the Board of Directors of City First Enterprises and City First Homes.  Ms. Levine, a native of Washington, DC, is a graduate of the Wharton School, University of Pennsylvania and a Certified Public Accountant.

Carl L. Hairston, Executive Vice President and Chief Lending Officer for City First Bank of DC where he is responsible for the strategic direction and on-going execution of business development activities for the Bank.  Most recently, Hairston was Regional Vice President having overseen the growth of M&T’s National Capital Business & Professional Banking Group where he successfully led the lending and servicing team spanning Washington DC;  Prince George's County, MD; Arlington, Alexandria and McLean, VA  encompassing twenty four branches.  Mr. Hairston has been formally credit-trained, and has over 26 years of financial services experience holding various banking roles at M&T Bank, Fleet Bank (now Bank of America), Fleet Community Development Corporation, KeyBank, NA, and Empire of America Federal Savings Bank. Mr. Hairston is Board Chair of the DC Chamber of Commerce and a Board Member of CultureCapital.  Previously, Mr. Hairston served as Treasurer and Executive Committee member of the Morgan State University Foundation and the Washington DC Economic Partnership.  Mr. Hairston is also a member of professional fraternity, Sigma Pi Phi, seminar presenter for the Small Business Administration & SCORE, and a past president of the Buffalo Chapter of the Urban Financial Services Coalition.  He is a 2011 recipient of an “Emerging Leader” Award from Associated Black Charities, 2008 recipient of the Minority Business Summit’s “Men of Influence” Award, 2007 recipient of the Baltimore Business Journal’s “Forty Under 40” Award, as well as a 2003 recipient of the Rochester Business Journal’s “Forty Under 40” Award.  Mr. Hairston holds an undergraduate degree in Business Administration (Marketing and Human Resource Development), and a Masters of Business Administration degree from Medaille College in Buffalo, New York. In 2014, Mr. Hairston completed M&T’s Senior Leadership Development Program at the University of Michigan’s Stephen M. Ross School of Business. 

Mark Kaufman, Executive Vice President of CFBanc Corporation and President of City First Enterprises, the top tier parent company of City First Bank, N.A. Mr. Kaufman  served as Counselor to the Deputy Secretary of the United States Department of Treasury from 2014 to 2017, with responsibility for domestic finance issues including financial services regulation, community development, housing and student initiatives.  Previously, Mr. Kaufman served as Maryland’s Commissioner of Financial Regulation where he supervised more than 50 state-chartered community banks, credit unions, and trust companies with over $23 billion in assets, as well as nonbank service providers including mortgage lenders and servicers.  He played a leadership role in the state’s effort to respond to the foreclosure crisis and was named “Consumer Advocate of the Year” in 2014 by the Maryland Consumer Rights Coalition.  Before his appointment in Maryland, Mr. Kaufman spent 15 years in investment banking, most recently as a Managing Director at CIBC World Markets in Baltimore and previously with Deutsche Bank, Alex. Brown & Sons, and J.P. Morgan.  He also served as a Policy Advisor on staff of the Senate Banking Committee from 1992 to 1994.  Mr. Kaufman also serves on the Board of Directors of the Enoch Pratt Free Library in Baltimore. Mr. Kaufman holds Master of Business Administration and Master of Public Administration degrees   from Columbia University and a Bachelor of Arts degree from Brown University.

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