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CityFirst. Finance as a Force for Good.
City First Bank, N.A. recently merged with Broadway Federal Bank, f.s.b. to become the largest Black-led Minority Depository Institution (MDI) in the nation with over $1B in total assets, and over $700MM in total deposits to expand its reach, deepen its lending impact and fortify its mission to channel capital where it’s needed most, effectively using “finance as a force for good.”
City First Bank is proud to be a commercial Community Development Financial Institution (CDFI), Certified B Corp, held by a publicly traded Depository Institution Holding company (Broadway Financial Corporation, NASDAQ: BYFC). Broadway Financial Corporation is also one of two publicly traded financial services companies that is a Public Benefit Corporation.
City First Bank operates alongside several nonprofits as a unified family of organizations with a focused vision and strategy for supporting economic justice at scale: City First Enterprises, City First Homes, and City First Foundation.
City First manages several nonprofits, related by common board members and management, operating as a unified organization with a focused vision, strategy, and management system: City First Enterprises, City First Homes, and City First Foundation.
With a focus on sustainable community economic development, City First offers a formidable impact lending and deposit platform that uniquely and intentionally works to deliver triple bottom line results: people, planet, and profits serving urban low-to-moderate income communities.
City First Bank is headquartered in Washington, DC and operates from three branches in Los Angeles and DC. Broadway Financial Corporation is headquartered in Los Angeles, CA. With a robust electronic delivery platform, featuring a global ATM network, mobile app and 24/7 customer care center, our customers can bank with ease from anywhere at any time.
We envision a society in which every individual, family and community has the opportunity and access to capital and resources which allow them to improve their well-being and prosper. We believe the intentional, disciplined, and targeted provision of capital focused on positive social and economic impact creates, supports and champions economic equity for underserved people and communities.
City First works to promote economic equity and opportunity by providing increased access to responsible capital and complementary financial services to underserved communities to ensure the long term well-being and resilience of individuals, families and institutions.
Impact Lending & Deposit Platform
City First Bank and its network of mission-aligned public, private, philanthropic and community partners and affiliates work together to offer dynamic and coordinated solutions to expand economic opportunities for visionary small business and nonprofit borrowers in the greater Washington, DC and Los Angeles, CA regions focussed on three core areas of lending:
● Affordable Housing investment and development;
● Nonprofit community facilities finance; and
● Small business real estate acquisition, refinance
Your impact-deposits and investments have helped to transform the lives of thousands of low- and moderate-income communities by providing the critical access to financial information, connections and resources that nonprofits and small businesses need to grow.