Question 1

What is CFG Bank?

Accepted Answer

CFG Bank is a privately owned commercial bank specializing in healthcare financing, multifamily lending, and commercial banking services. Headquartered in Lutherville, Maryland, the bank operates with approximately $5.5 billion in assets and serves the Mid-Atlantic business community and national healthcare markets.

As a state-chartered, FDIC-insured institution, CFG Bank distinguishes itself through its "one-stop shop" approach to financial services. The bank combines traditional commercial and personal banking with specialized expertise in healthcare real estate financing, particularly FHA-insured mortgages for skilled nursing facilities, assisted living centers, and hospitals.

Question 2

When was CFG Bank founded?

Accepted Answer

CFG Bank traces its roots to 1927 when La Corona Building and Loan Association, Inc. was founded to serve the financial needs of Highlandtown and East Baltimore residents. The institution remained a community-focused savings and loan for several decades.

In December 1997, the institution was reorganized and chartered as AmericasBank, marking its transformation into a commercial bank. In 2009, Baltimore businessman Jack Dwyer acquired AmericasBank through Capital Funding Bancorp, Inc. Dwyer, who had founded Capital Funding Group in 1993, renamed the bank CFG Community Bank later that year. The bank underwent its final rebrand to CFG Bank in December 2022, reflecting its growing national presence and expanded service offerings.

Question 3

Where is CFG Bank headquartered?

Accepted Answer

CFG Bank is headquartered at 11 West Ridgely Road in Lutherville, Maryland, a suburb located in Baltimore County. The bank's corporate leadership also operates from the CFG Tower in Baltimore, which serves as headquarters for both CFG Bank and its parent company ecosystem, Capital Funding Group.

Question 4

Where does CFG Bank operate?

Accepted Answer

CFG Bank maintains three branch locations in Maryland: Lutherville, Fells Point (Baltimore City), and Annapolis. The Annapolis location operates as a cashless commercial banking office.

Despite its limited physical footprint, CFG Bank serves customers nationally through its specialized lending programs. The bank's healthcare financing division operates across the United States, focusing on skilled nursing facilities, assisted living communities, and hospitals. CFG Bank also provides online deposit products marketed on a national platform, offering competitive rates to customers throughout the country. The bank's primary geographic focus for general commercial banking remains the Mid-Atlantic region.

Question 5

What services does CFG Bank offer?

Accepted Answer

CFG Bank provides a comprehensive suite of financial services organized into several key areas:

Commercial Banking: The bank offers customized lending solutions, cash management services, treasury management, and credit facilities tailored to mid-sized businesses. CFG Bank specializes in niche financing, leverage lending, and equipment finance and leasing.

Healthcare Financing: Through its subsidiary Capital Funding, LLC, CFG Bank is among the five largest bridge-to-HUD lenders in the country. The bank originates FHA-insured mortgages under Section 232 of the National Housing Act for healthcare facilities nationwide. Capital Finance, LLC, another subsidiary, provides working capital and accounts receivable financing exclusively for skilled nursing facilities and hospitals.

Personal Banking: Retail customers can access checking accounts, savings accounts, money market accounts, and certificates of deposit. The bank emphasizes competitive deposit rates, often ranking among the highest in the country.

Digital Banking: CFG Bank offers online banking and a mobile banking app with comprehensive features including mobile check deposit, Zelle payments, bill pay, account alerts, external transfers, and biometric authentication. The platform provides 24/7 account access with robust security features including multi-factor authentication and encryption.

Multifamily and Cannabis Banking: The bank has expanded into multifamily housing financing and provides specialized banking and depository solutions for the cannabis industry.

Question 6

What makes CFG Bank unique?

Accepted Answer

CFG Bank distinguishes itself through several notable characteristics:

Healthcare Financing Leadership: CFG Bank is nationally recognized as a leading bridge-to-HUD lender. Since the inception of the LEAN program, the bank has originated over $2 billion in Section 232 mortgages and has been involved in more than $7.6 billion in FHA-insured healthcare mortgages. The bank's expertise in skilled nursing, assisted living, and hospital financing is unmatched among community banks.

Private Ownership Structure: As a solely owned, privately held institution, CFG Bank operates with greater flexibility than publicly traded banks. This structure allows the bank to make faster decisions and pursue creative financing solutions without the constraints of quarterly earnings pressures.

Integrated One-Stop Shop Model: CFG Bank operates as part of a family of 11 companies under the Capital Funding Group umbrella. This integration allows the bank to provide bridge lending, permanent HUD financing, working capital loans, deposit products, and investment advisory services through coordinated entities—a comprehensive approach that competitors typically cannot match.

Social Impact Through Dwyer Workforce Development: Owner Jack Dwyer and his wife Nancy founded the Jack and Nancy Dwyer Workforce Development Center, a nonprofit organization dedicated to combating systemic poverty and addressing healthcare workforce shortages. The center provides job training, placement services, and financial assistance for individuals seeking employment in skilled nursing and seniors housing industries.

CFG Bank Arena Partnership: In October 2022, CFG Bank secured naming rights to Baltimore Arena (now CFG Bank Arena), marking the bank's first stadium sponsorship. The arena, which reopened in February 2023 after a $250 million renovation, hosts concerts, sporting events, and community gatherings, reinforcing CFG Bank's commitment to Baltimore's economic development.

Workplace Culture and Recognition: CFG Bank has been named the #1 Best Place to Work by Baltimore Business Journal for three consecutive years. The bank was also ranked #7 Best Performing Community Bank with Assets Over $1 billion by Independent Banker in 2024 and #2 Best-Performing U.S. Community Bank by S&P Global Market Intelligence in 2022.

Question 7

What type of financial institution is CFG Bank?

Accepted Answer

CFG Bank is a Commercial Bank operating under a state charter. Specifically, it is classified as a state-chartered commercial bank that is not a member of the Federal Reserve System, with the FDIC serving as its primary federal regulator.

The bank withdrew from the Federal Reserve System on June 18, 2019, transitioning from Fed membership to FDIC supervision. This classification allows CFG Bank to operate with regulatory oversight while maintaining the operational flexibility needed for its specialized healthcare financing operations. As a commercial bank, CFG Bank can accept deposits, make loans, and provide a full range of banking services to both businesses and consumers while maintaining FDIC insurance protection for depositors up to applicable limits.

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