ATLANTA, July 19, 2016 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) is pleased to announce that the board of directors has elected Brian E. Argrett to fill the District of Columbia member directorship vacancy on the board, effective August 1, 2016. The term will expire on December 31, 2017.
Mr. Argrett has served as president, chief executive officer, and director of City First Bank of DC since 2011. He also serves as chairman of the boards of directors for City First Enterprises and City First Foundation. Prior to joining City First, Mr. Argrett was founder and managing partner of both Fulcrum Capital Group and Fulcrum Capital Partners, L.P. He also served as president, chief executive officer, and director of Fulcrum Venture Capital Corporation, a federally licensed and regulated Small Business Investment Company.
Prior to joining Fulcrum in 1992, Mr. Argrett was an attorney with the real estate law firm Pircher, Nichols & Meeks in Los Angeles. Mr. Argrett earned his undergraduate degree from the McIntire School of Commerce at the University of Virginia and holds a Master of Business Administration and a Juris Doctor from the University of California, Berkeley.
Mr. Argrett currently serves as presidential appointee to the Community Development Advisory Board, chairman of the Community Development Bankers Association, and director of the Washington DC Economic Partnership. He is also a member of several banking and community organizations.
In accepting the position, Mr. Argrett said, “FHLBank Atlanta has been a reliable source of liquidity and risk management products for its members. I look forward to helping the Bank meet its business objectives while representing the interests of the District of Columbia members.”
About FHLBank Atlanta
FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members—its shareholders and customers—are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $4.8 billion in Affordable Housing Program funds, assisting more than 758,000 households.
