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.
Founder and President of The Communities Group, Mr. Bordenave has 34 years of experience in affordable homeownership, housing strategies, community development, institutional development and training. He has worked extensively both in the U.S. and overseas, with assignments in Central and South America, the Caribbean, Africa, Asia and the Middle East. Over the past twenty-two years, he has built The Communities Group into a national leader in affordable housing and community development. The Communities Group has clients in all 50 States as well as overseas, and has been honored in the Hispanic National top 300 businesses, and top 50 exporters.
Aurie Hall has extensive experience in the nonprofit sector with particular experience in assistance to the indigent and people who have been incarcerated. Most recently Ms. Hall was Director of the Open Society Institute – Baltimore’s Criminal Justice Program encouraging providers to expand services to severely underserved populations, and to reduce incarceration in Maryland. At the D.C. Prisoners’ Legal Services Project and the Georgetown University Law Center, Ms. Hall litigated numerous individual and class action cases on behalf of prisoners and indigent persons. Ms. Hall has broad experience in nonprofit management as well, with particular expertise in fundraising and institution development, including service with the Washington Area Women’s Foundation, Our Place, DC and City First Enterprises.
Pat Henriques is an accomplished executive and successful entrepreneur with over 30 years of experience in strategic business planning, organizational growth, business process re-engineering and financial management. As Founding Principal of The Henlee Group, a Washington DC-based consulting practice, she works with executives to develop sound business strategies for emerging and high growth companies. A relationship-driven entrepreneur, Ms. Henriques founded and led Management Alternatives through 20 years of growth to become a national leader in corporate relocation planning and management and sold the company in 2002. She has held a variety of appointments in higher education, including Mentor, Center for Women’s Entrepreneurial Leadership (CWEL) at Babson College, MA; Associate Professor of Entrepreneurship, David Eccles School of Business and Fellow at the National Center for Veterans Studies at the University of Utah, the Thoma Family Distinguished Clinical Professor in Entrepreneurship at Oklahoma State University’s Spears School of Business; the Riata Center’s Distinguished Visiting Entrepreneur in Residence; Visiting Professor of Practice in Entrepreneurship at Simmons College School of Management in Boston; and Visiting Entrepreneur in Residence at Syracuse University’s Whitman School of Management. Her background in corporate governance includes over 25 years of service as a board member, including service as Board Chair and Committee Chair for Strategic Planning and Finance/Audit.
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.
Serving now as Chief Operating Officer and Chief Financial Officer of City First Bank of D.C., Ms. Levine has over 30 years of banking and consulting experience, including 10 years as Sr. Vice President and CFO of The Adams National Bank/Abigail Adams National Bancorp, as well as other financial positions with local banks, and consulting and forensic accounting services in the commercial and mortgage banking and financial services fields. Ms. Levine is experienced as a nonprofit director, including former Treasurer of the Levine School. A native of Washington, DC, Levine graduated from the Wharton School, University of Pennsylvania.
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.