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NEW YORK TIMES: Two Black-led banks merge to create a $1 billion national lender.


Brian E. Argrett, chief executive of City First, will be chief executive of the combined company, which will use City First as its banking brand but will keep the publicly traded Broadway Financial Corporation as its bank holding company. Wayne-Kent A. Bradshaw, Broadway’s chief executive, will be the chairman of the combined company.


Read more at nytimes.com