Board of Directors

/Board of Directors
Board of Directors 2018-02-20T15:14:12+00:00
Brian Argrett – Chairman
Mr. Argrett has been the President and CEO of City First Bank since 2011 bringing extensive expertise in financing companies in underserved communities with both debt and equity. 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 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 Vice Chairman of the Community Development Bankers Association. Mr. Argrett holds a Juris Doctorate and a Masters in Business Administration from the University of California, Berkeley, and a bachelors of science degree from the McIntire School of Commerce at the University of Virginia.
David J. McGrady
David J. McGrady has been a Board Member at City First Bank since 1998. He is currently Vice Chairman of the Board of Directors of the Corporation and the Bank. He Chairs the Audit and Compliance Committee and is a member of the Executive Committee and the Directors’ Loan Committee. Mr. McGrady is a consultant specializing in community development issues and is a nationally recognized expert on the NMTC program. He 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 chair of the Board of the National Community Investment Fund. Mr. McGrady received his bachelor’s degree from King’s College and law degree from Harvard Law School.

Ellen Lazar

Ellen Lazar is a consultant and Board member. She retired from the FDIC in 2013, following a distinguished career as an attorney and as a nonprofit and government executive, focused on consumer protection, community development and affordable housing nationally in the Washington, D.C., area. Ms. Lazar was appointed senior advisor to the FDIC Chairman in 2009 and advised on a variety to consumer issues, policies and programs, including the legal and policy aspects of FDIC activities related to community development, affordable housing and consumer protection. She was also the lead advisor to the Chairman on issues before the FDIC’s Advisory Committee on Economic Inclusion – whose goal is to expand access to banking services by underserved populations – and oversaw the development of policy proposals to implement Committee recommendations. Prior to her FDIC appointment, Ms. Lazar distinguished herself in a number of nonprofit, government and philanthropic leadership roles. Ms. Lazar was a partner at Venture Philanthropy Partners (VPP), a philanthropic organization that invests in nonprofit institutions serving children and youth in the Washington. D.C., region, At the Fannie Mae Foundation, she served as Senior Vice President for Housing and Community initiatives, responsible for strategy and management of the Foundation’s national, regional and Washington grantmaking programs, She served as Executive Director of the Neighborhood Reinvestment Corporation (NeighborWorks America), a Congressionally-chartered nonprofit corporation that works to revitalize rural and urban communities by mobilizing public, private and community resources at the neighborhood level. At the Treasury Department, Ms. Lazar was Director of the Community Development Financial institutions Fund. At Enterprise Community Partners, she served as Chief Administrative Officer, Vice President and General Counsel. Ms. Lazar also served as a Director on the governing Boards of a number or organizations including City First Bank, Community Wealth Ventures, CFED (Corporation for Enterprise Development), and the Nonprofit Finance Fund. Ms. Lazar is a graduate of Queens College of the City University ol New York, and the Indiana School of Law at Bloomington.

Kimberly J. Levine

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.

Chuck Muckenfuss

A Partner at Gibson, Dunn & Crutcher, LLP since 1981, Mr. Muckenfuss focuses on the representation of financial institutions in matters involving financial regulation and public policy. He was formerly Senior Deputy Comptroller for policy at the Office of the Comptroller of the Currency and Counsel to the Chairman of the FDIC. Mr. Muckenfuss has deep experience in community development, including service as a founder, member and current Chairman of the Board of City First Bank of D.C.; as an attorney and project developer for the Bedford Stuyvesant D and S Corporation, then the largest Office of Economic Opportunity-funded community development project in the country; and as a Clinical Visiting Lecturer in Law at Yale Law-School. Mr. Muckenfuss is also a founder, Board member and former Chair of the Petra Foundation, a small foundation which provides recognition and support to unsung individuals making distinctive contributions to racial justice, human freedom and community development. He is a member of the Board of the Roosevelt Institute, a nonprofit organization devoted to carrying forward the legacy and values of Franklin and Eleanor Roosevelt; a member of the Arts Advisory Board of the Arts Arena, a nonprofit initiative for the creative and performing arts and issues of culture and society; a member of the Financial Regulatory Reform Initiative Task Force of the Bipartisan Policy Center, a nonprofit organization that combines politically-balanced policy making with strong, proactive advocacy and outreach, actively promotes bipartisanship and works to address key challenges facing the nation; and is Chair of the Advisory Council of the International Psychotherapy Institute which offers support and advice to further the Institute’s mission of providing community service through initiatives such as a suicide prevention program in high schools, a collaborative training in suicide risk assessment and a community psychotherapy clinic.

Dr. Hassan Minor

A director since 2008, Dr. Minor was the Senior Vice President of Howard University; his responsibilities included strategic planning, university research and external affairs. He is the University officer charged with the development of the award winning LeDroit Park Initiative. He was also the University Chief Technology Officer, with responsibility for WHUR-FM, the Howard commercial radio station and WHUT-TV, the public television station. Dr. Minor earned his doctorate from the Massachusetts Institute of Technology, and later joined the 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 the MIT faculty. Dr. Minor was a director of GSI, a private company chartered to provide services to government facilities, and was member of the Advisory Council for Fannie Mae’s Washington DC Partnership Office.

William Longbrake

Bill Longbrake has extensive experience in finance and investments, macroeconomics and monetary policy, risk management, housing, and public policy. He has served in business, academic and government organizations.
Since June 2009 Bill has been 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. He spends one to two weeks monthly teaching classes and working on a variety of business, policy and governance issues with faculty, students, business leaders, government policymakers and executives of not-for-profit organizations.
He is chairman of the board of HOPE LoanPort, a non-profit organization that provides a data management and communications web portal to housing counselors and home mortgage servicers. He is a nonvoting member of the Washington State Investment Board, which manages over $100 billion in public employee retirement funds, and serves on the Audit and Public Markets Committees. He is a director of City First Bank of DC and serves on the Compensation, Governance, and Loan committees. He is a director of Boeing Employees Credit Union and serves on the Governance and Finance and Risk committees.
He is a member of several committees of the American Bankers Association, including those for Federal Home Loan Banks, government sponsored enterprises, and mortgage markets. He is chairman of the board of trustees of and the College of Wooster; chairman of the board of trustees of Lift Up Africa, a charitable organization that finances humanitarian and sustainable development initiatives on the continent of Africa; and is president of the Longbrake Family Foundation.

Phyllis Caldwell

Phyllis Caldwell, a Director since December of 2017 is a member of the Development 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 Founder 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.