BLACK BANK OWNERS MERGE TO FORM THE LARGEST BLACK OWNED INSTITUTION WORTH MORE THAN $1 BILLION

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JULY 8, 2021

In April 2021 two Black bankers closed the merger of their companies to create the largest Black-Owned bank in the nation with more than $1 billion combined assets.Brian E. Argrett, CEO of City First Bank in Washington, D.C. and Wayne-Kent A. Bradshaw, CEO of the publicly traded Broadway Financial Corp (BYFC), in Los Angeles, have merged to create City First Broadway-The largest minority depository institution (MDI) in the United States.

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