Big News for Our Organization!
City First Bank’s merger with Broadway Federal opens a unique window to explore new markets and magnify the CFE founders’ vision to advance economic justice in our region—and our country.
From its inception, CFE’s 501(c)3 status has helped foster a successful laboratory for community finance innovation and a powerful platform for distributing capital to Black and Latinx communities. Through our mission-driven approach to investing, we create solutions that enable us to provide flexible capital to affordable housing developers, nonprofit organizations, and small- and mid-size businesses underserved by mainstream credit markets.
While our commitment to the DMV region has never been stronger, our work in California will propel our scaling efforts to build a financially sustainable organization, equipped with the resources and institutional capabilities to grow our work as risk entrepreneurs, thought leaders, and innovators. Bringing operational economies of scale, multimarket partnerships, and access to a wider capital pool, our work in new markets will be instrumental in advancing our mission to provide fair financial access for all.
In short, we are excited and ready for the possibilities this merger will bring to our organization. CFE has the talent, management systems, credit infrastructure, and the seed capital to replicate our business model in SoCal!
-The CFE Team