Washington, DC – According to filings with the U.S. Securities and Exchange Commission, City First Bank fka Broadway Federal Bank is raising $32,883,720.00 in new funding. Sources indicate as part of senior management Chief Financial Officer, Brenda Battey played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About City First Bank fka Broadway Federal Bank

City First Bank (1998) and Broadway Federal Bank (1946) both certified Community Development Financial Institutions (CDFI) merged on April 1, 2021 to form the largest Black-led Minority Depository Institution (MDI) in the United States with over $1B in assets under management and $950MM in deposits. Together, CityFirstBroadway is commercial community development bank certified as B Corp operating from of both Los Angeles, CA and Washington, DC channeling intentional capital to low and moderate income neighborhoods, investing in affordable housing creation, nonprofit and small business development in those regions.

To learn more about City First Bank fka Broadway Federal Bank, visit http://www.broadwayfederalbank.com/

Contact:
Brenda Battey, Chief Financial Officer
202-243-7100
https://www.linkedin.com/in/brenda-battey-3b0a6659/

SOURCE: http://www.intelligence360.io
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