1432 U Street NW Washington, DC 20009 U.S. Contact: Justin Chen, Phone: 202-243-7146 Fax: — URL: www.cityfirstbank.com Email: jchen@cityfirstbank.com

City First Bank of DC (City First) is a community development bank in Washington, D.C. The Bank’s mission is to invest in and strengthen underserved communities by providing credit, financial services and access to information. As a full-service financial institution, the Bank offers commercial real estate loans, loans to small businesses and nonprofit organizations, and a range of deposit products that promote savings and also give interested persons an opportunity to support the Bank’s mission.

Program

City First currently offers commercial real estate loans for purchases, renovation and new construction; term loans for equipment purchases, refinancing, business expansion and growth; lines of credit for general operating needs; government contract lines of credit; SBA-guaranteed loans; standby letters of credit; and a diverse array of deposit products to promote savings in the communities it serves.

Depositors and investors allow City First to leverage its capital to provide loans to creditworthy households and businesses that need a lender dedicated to managing the risk of community development lending in a way that will expand and enhance Washington, DC as a place to work and live.

Development First Deposit is designed for the depositor dedicated to helping develop the most distressed communities of DC’s neighborhoods.

Market Rate Depositearns a competitive rate while assisting low-and moderate-income communities. City First offers checking, money market, and savings accounts and certificates of deposit.

Young Savers Program was designed to teach children the value of saving and planning for their future. For a minimum of $10, a parent can open an interest-earning savings account with no service charges.

Investments by individuals, as well as institutions such as Calvert Foundation, provide the loan capital for City First.

Client Population

City First serves urban communities in Washington, DC as well as customers coming from Virginia and Maryland. City First’s primary market area consists of the low-and moderate-income neighborhoods of the District (over 81%), including all neighborhoods east of the Anacostia River and most neighborhoods lying east of 16th Street, NW. Over half of these depositors have balances under $500. The primary market area has an overall poverty level of approximately 23%, more than 350,000 residents, and median household income of approximately $23,250.

Impact

City First is Washington D.C.’s first and only community development bank committed to helping individuals, businesses and other local institutions fulfill their growth potential.

City First has financed over 650 units of affordable housing and directly aided in creating or retaining over 1,000 jobs. City First also provides basic banking services to over 900 account-holders, many of whom are Latino immigrants with their first banking relationship. To date, the Bank has grown to over $29 million in loans outstanding with total assets topping $48 million.


Story

After attending a prestigious law school and working as a federal government lawyer, Warren Brown decided to change course and pursue his true passion: baking fabulous cakes from scratch. As he worked to understand the baking business and fine-tune his business plan, Warren turned to City First for other key ingredients, including expert advice on financing and access to the SBA–guaranteed loan process. Full Story