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 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.
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.
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.
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.
A native New Yorker and first generation American (of Haitian parents) Peggy is currently SVP, Senior Corporate Counsel with Sandy Spring Bank. Sandy Spring Bank, headquartered in Olney, Maryland, is full service financial institution offering a broad range of commercial, retail, mortgage and trust services, and with its subsidiaries, wealth management and insurance services, to communities throughout the District of Columbia, Maryland and Virginia. With over 20 years of legal experience with financial institutions , Peggy has worked as an attorney at Axiom, a global organization providing legal services to Fortune 100 corporations, an associate with Wilmer Hale, General Counsel to City First Bank, Faculty at Yale Law School, as well as managed her own consulting firm. Most notably, Peggy was the principal lawyer to establish City First Bank of D.C., Washington’s first community development bank as well as Start Bank, New Haven’s first community development bank. A graduate of Harvard Law school and Brandeis University, Peggy is also a mother of 2 teenagers and an avid rower.
Ms. Hall has dedicated her 25-year career to economic justice, social impact and community development and using the tools of impact investing and philanthropy, Ms. Hall has served in executive roles across multiple sectors in the United States and abroad. Ms. Hall is currently a Senior Fellow of Georgetown University at the Beeck Center, which engages global leaders to drive social change at scale. Her area of focus at the Beeck Center is the inclusive economy. Ms. Hall also recently joined the Case Foundation as a Senior Fellow to lead the organization’s impact investing work.
Ms. Hall previously served as Managing Director of Anthos Asset Management, headquartered in Amsterdam, the Netherlands where she launched an impact investing initiative for Anthos, a large European family office. From 2013 to 2016 she was responsible for portfolio management of the firm’s private debt and equity impact investment funds including the Skopos Impact Fund, with aggregate commitments of EUR 80 million. After relocating back to the United States in 2016, Ms. Hall remained with Anthos and was involved in due diligence, origination, and monitoring of investments across ten countries in emerging and developed markets. Ms. Hall also served as President & CEO of Calvert Foundation from 2010 to 2013, following her tenure as head of the investment portfolio from 2005 to 2010. Prior to joining Calvert Foundation, Ms. Hall held positions in impact investing and community development finance with Fannie Mae, Enterprise Community Investments (formerly Enterprise Social Investment Corporation), and JP Morgan Chase (formerly Chemical Bank). Ms. Hall also served in the Clinton Administration in 1999 as a policy advisor at the National Economic Council where she worked on the creation of the New Markets Investment Tax Credit.
Oswaldo joined City First Enterprises early in 2019, bringing his lending, project finance and entrepreneurial experience to lead the group’s efforts in advancing the region’s economic development agenda. Prior to CFE, Oswaldo was the head of the Small Business group at Washington’s Latino Economic Development Center. At LEDC, he drove the growth and the expansion of the group’s footprint across the region. During his tenure, Oswaldo also successfully led the adoption of fintech and algorithmic features to the group lending activities. In his own entrepreneurial ventures, he launched a food distribution company with market reach in Virginia, Maryland, DC, Pennsylvania and New York City. He sold his company in 2012. After his company’s acquisition, he joined Self-Help, as part of their commercial lending group in DC. Prior to joining the CDFI field, he worked as an economics consultant for Stone & Webster in London, UK, before being assigned to lead projects with The World Bank in Washington, DC. His professional training and experience as an immigrant from Mexico, suits him with a broad and technical understanding of the economic inequality challenges facing communities in our region. Oswaldo serves on several boards and advisory groups across the region. He recently concluded his two-year term as a member of the Federal Reserve Bank of Richmond’s Community Investment Council (CIC). Currently, he is a member of the Impact Investment Committee of the Baltimore Community Foundation and sits on the Board of Directors for Baltimore’s Impact Hub. More recently, he joined Greater Baybrook Alliance’s board. Oswaldo holds a BS in Economics from Monterrey Institute of Technology, an MA in Political Economy from the United Kingdom’s University of Essex and an MSc in Economic Regulation from the London School of Economics and Political Science.
City First Enterprises is a mission-driven institution working at the intersection of financial innovation and impact investment. To help mitigate economic and racial inequity, CFE capital is put to use by supporting affordable housing, small businesses, increasing access to community facilities for the arts, health, education, and other social services, and to support sustainable living through green energy.
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CFE is an equal opportunity provider.