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Merger Will Create Largest Black-Led Minority Depository Institution in the U.S.

Community development finance leaders City First Bank of Washington, D.C., and Broadway Federal Bank in Los Angeles have entered into a transformational Merger of Equals agreement to create the first Black-led Minority Depository Institution (MDI) in the nation with more than $1 billion in combined assets under management and approximately $850 million in total depository […]