Board of Directors

Everyone at City First shares a deep commitment to our mission, and brings a depth of community banking and finance experience. They are dedicated members of the community as demonstrated by countless volunteer efforts and board memberships at area nonprofits. Members of our team are not only the best in class for banking, but also best in class for our community.
 
 

 

BRIAN E. ARGRETT
 
Brian E. Argrett is currently Vice Chair of the Board Directors, and President and CEO, of Broadway Financial Corporation (NASDAQ: BYFC) and its banking subsidiary City First Bank, National Association, or collectively CityFirstBroadway.™
 
Mr. Argrett joined City First in 2011 bringing extensive expertise in financing companies in underserved communities with both debt and equity, as a private equity investor and fund manager. On April 1, 2021 Mr. Argrett successfully led the closing of an historic merger of equals by and between City First and Broadway fortifying the legacy of both institutions to form the largest Black-led minority depository institution (MDI) in the nation, with over $1B in total assets as of September30, 2021.
 
Mr. Argrett also serves as Chairman of City First Enterprises and City First Foundation, part of One City First, a family of complimentary companies filling the gaps in the community development finance ecosystem.
 
Externally, Mr. Argrett was recently appointed to serve on the Office of the Comptrollerofthe Currency’s (“OCC”) Minority Depository Institutions Advisory Committee, and he is a past director and Vice Chair on the Board of the Federal Home Loan Bank of Atlanta (“FHLBATL”).
 
Additionally, Mr. Argrett also serves as a member of the Steering Committee of the Expanding Black Business Credit Initiative (“EBBC”); is a member of the Global Alliance for Banking on Values (“GABV”); served as a past Chairman of and continues to serve on the Board of the Community Development Bankers Association (“CDBA”); and was a past presidential appointee, under the Obama administration, to the Community Development Advisory Board.
 
Mr. Argrett holds a Juris Doctorate and a Master’s in Business Administration (JD/MBA) from the University of California, Berkley, and a Bachelor of Science degree from the McIntire School of Commerce at the University of Virginia.
 
 
WAYNE-KENT A. BRADSHAW
 
Wayne-Kent A. Bradshaw, Chairman of the Board and Chair of the Risk and Compliance Committee. Mr. Bradshaw was President and Chief Executive Officer of the Company and Broadway Federal until the Merger of the Company with CFBanc, whereupon he became Chairman of the Board and its resulting subsidiary. Mr. Bradshaw joined the Company in February of 2009 as President and Chief Operating Officer and was appointed Chief Executive Officer in January 2012. He was elected to serve as a director of both the Company and the Broadway Federal Bank in September 2012. Prior to joining the Company, Mr. Bradshaw was the Regional President for Community and External Affairs of Washington Mutual Bank from 2003 to 2009. He was President and Chief Executive Officer of the Los Angeles-based Family Savings Bank from1989 until 2002 and Chief Deputy Superintendent for the California State Banking Department from 1981 to 1983. Mr. Bradshaw has served on many community and educational boards. He most recently served on the boards of directors of California State University Northridge, Northridge Hospital Medical Center, and California Community Reinvestment Corporation. He currently serves on the boards of the Federal Reserve Bank of San Francisco - Los Angeles Branch, Western Bankers Association and Louisville High School.
 
Mr. Bradshaw has over 51 years of experience in financial management and banking. He has the proven ability to plan and implement programs that optimize opportunities to accelerate profitable growth in highly competitive environments. Mr. Bradshaw has extensive experience in community banking, commercial banking and as a bank regulator, and his knowledge and experience qualify him to serve on the Board and as its Chairman.
 
 
 
ROBERT C. DAVIDSON, JR.
 
Robert C. Davidson, Jr., Director and Chair of the Compensation and Benefits Committee. Mr. Davidson served, until his retirement in 2007, in the position of Chairman and Chief Executive Officer of Surface Protection Industries, a paint and specialty coatings manufacturing company he founded in 1978, that became one of the leading African American-owned manufacturing companies in the United States and the largest in California. Previously, from 1972 to 1974, he co-founded and served as Vice President of Urban National Corporation, a private venture capital corporation that was focused specifically on investing in minority-controlled businesses. Mr. Davidson currently also serves on the boards of directors of Jacobs Engineering Group, Inc. (a publicly traded professional service company), Smithsonian American Art Museum (Chairman-Elect), Ray Charles Foundation (Chairman), Morehouse College (Chairman Emeritus), Art Center College of Design (Chairman Emeritus), Cedars-Sinai Medical Center (Lifetime Member) and the University of Chicago Graduate School of Business Advisory Council.
 
Mr. Davidson has extensive entrepreneurial experience in developing and managing small and medium-sized businesses. He has hands-on experience in marketing and sales, human resources and strategic planning and implementation. He has a long history with, and extensive knowledge of the Company and of the markets and communities in which the Company operates. We believe that this history, knowledge, and overall experience qualify him to serve on the Board.
 
 
 
MARY ANN DONOVAN
 
Mary Ann Donovan, Director. Ms. Donovan is the Chief Operating Officer of Local Initiatives Support Corporation. Most recently, she served as Director of the United States Department of the Treasury’s CDFI Fund. Prior positions include CEO of CoMetrics, Inc. (a social enterprise that provides affordable business intelligence tools to small businesses and nonprofit entities); Senior Policy Advisor to the White House from 2012-2013, working collaboratively with the Office of Social Innovation and the Council on Environmental Quality, and Chief Operating Officer of Capital Impact Partners, a certified CDFI. Ms. Donovan has been a thought leader and a board member of many of the highest performing organizations in the community development sector. Ms. Donovan is a current Fellow at the Beeck Center for Social Impact + Innovation at Georgetown University. She has been a Senior Fellow at the Center for Community Investment. She has published papers and articles for the National Academy for Public Administration, the Federal Reserve Bank of San Francisco, the Federal Reserve Bank of Boston, Forbes, the Skoll World Forum on Social Entrepreneurship, and the Milken Review. Ms. Donovan has a B.A. degree in Economics from Allegheny College and an M.B.A. degree in Finance from the University of Maryland. Prior to the completion of the Merger, Ms. Donovan was designated by CFBanc, and subsequently appointed by the Company to serve as director in the combined Company.
 
Ms. Donovan’s operational experience, federal government public service, and community development knowledge and expertise, as well has her experience with corporate governance, marketing, and business development matters, all qualify her to serve on the Board.
 
 
 
MARIE C. JOHNS
 
Marie C. Johns, Lead Independent Director and Chair of the Corporate Governance Committee.  Ms. Johns has over 30 years’ experience as a leader in business, civic and government service. Ms. Johns focuses 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 lent more than $30 billion to more than 60,000 small businesses, a record in the history of the SBA. Over 10 years ago, Ms. Johns founded L&L Consulting, LLC (now PPC-Leftwich), a business development, organizational effectiveness and public policy consulting practice, which is based in Washington, D.C. Ms. Johns has served on several boards of directors, including the Federal City Council, the Economic Club of Washington, Washington, D.C. Chamber of Commerce, WLR Foods (a poultry producer), Kaiser Permanente of the Mid-Atlantic Region, Hager Sharp (a communications and marketing firm), Document Systems Inc. (a document imaging and storage firm) and Harvest Bank of Maryland. Ms. Johns is a Trustee of Howard University where she chairs the Student Life Committee and serves as vice chair of the Governance Committee. Ms. Johns is a member of the Greater Washington, D.C. Business Hall of Fame, one of the Greater Washington Board of Trade’s ‘‘Leaders of the Year’’ and the recipient of over 100 awards from different organizations for her community service. Ms. Johns received her B.S. and M.P.A. degrees from the O’Neill School of Public and Environmental Affairs at Indiana University where she currently serves as a member of the Dean’s Council and she formerly served as a Board member for the Tobias Center for Leadership Excellence. Prior to the completion of the Merger with CFBanc, Ms. Johns was designated by CFBanc, and subsequently appointed by the Company, to serve as the lead independent director in the combined Company.
 
Ms. Johns’ community development leadership, her corporate governance experience on both public and private company boards, and her experience in business development, communications, and the Washington DC market qualify her to serve on the Board as our Lead Independent Director.
 
 
 
WILLIAM A. LONGBRAKE, PH.D
 
William A. Longbrake, Director and Chair of the Audit Committee. Dr. Longbrake is an Executive in Residence at the Robert H. Smith School of Business at the University of Maryland where he participates in the Center for Financial Policy and writes a monthly economic newsletter for ‘‘Brain Trust.’’ Dr. Longbrake is active in numerous academic, business, and community service organizations, particularly those involving issues surrounding affordable housing and education. He is a current director of City First Enterprises. Dr. Longbrake is a former Chairman of the Board of Trustees of the College of Wooster, a residential four-year liberal arts college, and a former Chairman of the Board of HOPE LoanPort, a not-for-profit organization that provided 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, President of the Seattle First Foundation, and a member of the Mortgage Markets Committee 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, D.C. 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, chief financial officer, and deputy to the Chairman of the FDIC. He earned his B.A. degree in Economics from the College of Wooster and earned his master’s degree in Monetary Economics and his M.B.A. degree from the University of Wisconsin. He received his Ph.D. degree in finance from the University of Maryland. Prior to the completion of the Merger, Dr. Longbrake was designated by CFBanc, and subsequently appointed by the Company, to serve as a director in the combined Company.
 
Dr. Longbrake has extensive experience in finance and investments, macroeconomics and monetary policy, risk management, housing, and public policy. His extensive experience in accounting, banking, community development and corporate governance experience, along with his regulatory, finance, and capital markets experience with both public and private companies qualify him to serve as a member of the Board.
 
 
 
DAVID J. MCGRADY
 
David J. McGrady, Director and Chair of the Directors Loan Committee.  Mr. McGrady is a consultant specializing in community development issues and is a nationally recognized expert on the New Markets Tax Credit program. He has been a key advisor on 31 successful New Markets Tax Credit applications, with allocations totaling more than $1.7 billion, and has assisted those recipients in developing and implementing capitalization and deployment plans in their respective markets. He also advises banks, investors, foundations, municipalities, and Community Development Financial Institutions, or CDFIs, on a range of issues, including corporate structure and governance, capitalization, market and risk assessment, product development, underwriting investments, portfolio management and tax credit programs. Mr. McGrady was Director of Commercial Programs for the Center for Community Self-Help in Durham, North Carolina. Under his leadership, the Center for Community Self-Help originated over 1,300 higher risk business loans totaling more than $80 million. He is also a director of City First Enterprises, which is a bank holding company of our Company, chair of City First Enterprises’ Directors Loan Committee and a member of Calvert Impact Capital’s Investment Committee. Mr. McGrady received his bachelor’s degree from King’s College and law degree from Harvard. Prior to the completion of the Merger with CFBanc, Mr. McGrady was designated by CFBanc, and subsequently appointed by the Company, to serve as a director in the combined Company.
 
Mr. McGrady’s legal expertise and experience in corporate governance and community development matters, as well as his background in finance and the real estate and tax credit industries, qualify him to serve as a member of the Board.
 
 
 
DUTCH C. ROSS III
 
Dutch C. Ross III, Director and Chair of the Internal Asset Review Committee. Mr. Ross is the former President and Chief Executive Officer of Economic Resources Corporation (‘‘ERC’’), a non-profit corporation with a mission of promoting economic development and job creation in underserved communities. Mr. Ross served in that capacity from 1996 until his retirement in August 2020. Prior to joining ERC, Mr. Ross held a variety of managerial, financial, and planning positions in the corporate divisional, and subsidiary operations of Atlantic Richfield Company (‘‘ARCO’’) from January 1975 to December 1995. From 1971 to 1975, Mr. Ross was employed in financial analysis positions with The Wickes Corporation. Mr. Ross has been active in a number of community organizations in the Los Angeles area devoted to building stronger communities and has served on the board of directors of several such organizations, including the Downtown Long Beach YMCA, where he served as Chairman; Genesis L.A. Economic Growth Corporation, where he currently serves on the Audit and Finance Committees; and The Valley Economic Development Center, where he formerly served as a board member, and Chairman of the Finance Committee. He has served on the Board since 2016.
 
Mr. Ross received his B.S. degree in Industrial Economics and a master’s in industrial management from Purdue University.
 
Mr. Ross is a financial executive with over 45 years of managerial experience with Fortune 500 companies and non-profit economic development organizations and has extensive knowledge of the Company. Mr. Ross’ knowledge and experience qualifies him to serve on the Board.
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CITY FIRST NEWS

LA Business Journal: 2022 Money Issue Read more
U.S. Department of the Treasury Announces Broadway as One of Read more
Merger Day 1 Announcement Read more
Shareholders Approved Merger Read more
Sonja Wells EVP CLO Announcement Read more

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