Broadway Financial (NASDAQ:BYFC) (NASDAQ:BYFC) is the bank holding company for Broadway Federal Bank, one of the nation’s leading minority‐owned, federally insured banking institutions. Headquartered in Los Angeles, California, the company provides a broad array of financial products and services tailored to both individual and business clients. Broadway Financial operates under a community banking model, focusing on relationship‐driven service across its branch network in the greater Los Angeles area and select suburban markets.
The company’s primary business activities include deposit taking, consumer and commercial lending, mortgage financing and treasury management. Broadway Financial offers a full suite of deposit products, such as checking and savings accounts, money market instruments and certificates of deposit. On the lending side, the company extends residential mortgage loans, small‐business administration (SBA) and U.S. Department of Agriculture (USDA) loans, commercial real estate financing, construction and development loans, as well as lines of credit for working capital needs.
Founded in 1946 by a coalition of Baptist churches and community leaders, Broadway Federal Bank has a long history of serving underserved communities in Southern California. Over the decades, the institution has expanded its footprint to include branches in Koreatown, South Los Angeles, Norwalk, Buena Park and other strategic locations. The bank’s community reinvestment efforts have included targeted outreach programs, financial education workshops and partnerships with nonprofit organizations to boost economic development in historically underbanked areas.
Broadway Financial’s executive leadership team combines banking experience with deep local ties. The company is governed by a board of directors that includes civic, business and industry experts committed to sustainable growth and responsible stewardship. Under the guidance of its senior officers, Broadway Financial continues to leverage technology enhancements—such as online and mobile banking platforms—while maintaining its heritage of personalized customer service and community support.
