Is City First Bank a good bank?
City First Bank is widely recognized as a mission-driven commercial bank and certified community development financial institution focused heavily on supporting underserved urban communities, affordable housing projects, and minority-owned businesses, particularly in areas like Washington D.C. and Los Angeles. Customers seeking a socially conscious banking partner that reinvests heavily into community development often find immense value in its specialized lending programs and tailored financial products. However, because its physical branch footprint is exceptionally small and localized compared to massive national conglomerates, its everyday retail banking tools, ATM access, and consumer convenience features may be more limited for customers seeking widespread physical ubiquity.
Related FAQs
No, Citic and CLSA are not the exact same entity, though CLSA operates as a wholly owned subsidiary of Citic Securities (part of the massive Chinese state-owned conglomerate CITIC Group).
City First Bank, National Association is an active, insured member of the Federal Deposit Insurance Corporation, providing full federal protection for consumer deposits.
The CEO of City First Bank is Brian Argrett. He has served as the President and Chief Executive Officer since 2011.