Company description

Broadway Financial Corporation (BYFC) is a bank holding company that primarily operates through its subsidiary, Broadway Federal Bank. Established in 1946, BYFC has a rich history of serving the needs of low-to-moderate-income communities in the Los Angeles area. The bank offers a range of financial services such as deposit accounts, mortgage loans, and commercial real estate financing to individuals, small businesses, and non-profit organizations. With a strong commitment to social and economic justice, BYFC focuses on promoting financial empowerment and building wealth within underserved communities. The bank has a diverse customer base and prides itself on its personalized approach to meeting the unique needs of each client. This customer-centric philosophy has earned BYFC a reputation for excellent customer service and strong community relationships. In recent years, BYFC has experienced significant growth and success, evident in its steadily increasing assets and profitability. The company's sound financial performance is a result of its conservative lending practices and carefully managed risk portfolio. Moreover, BYFC holds a solid capital base, enabling it to weather economic downturns and maintain stability during challenging times. Aside from its financial services, BYFC is also committed to giving back to the community through various initiatives and partnerships. The bank partners with non-profit organizations and businesses to provide financial education, affordable housing, and economic development opportunities to disadvantaged individuals and communities. As a publicly traded company, BYFC is dedicated to delivering long-term value to its shareholders. The company's management team and board of directors are