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SHOPPEBLACK: Two Black Owned Banks Just Merged to Form a $1 Billion Lender, the Largest Black Owned


Broadway and City First are Community Development Financial Institutions (CDFIs), and have a longstanding history of advancing economic and social equity through the provision of capital in low- to moderate-income communities. The combined institution will maintain its CDFI status, requiring it to deploy at least 60% of its lending into low- to moderate-income communities.


Since the beginning of 2015, City First Bank and Broadway Federal Bank have collectively deployed over $1.1 billion combined in loans and investments in their communities.


Read the article at blackshoppe.com