This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Broadway Federal Bank Announces U.S. Treasury Award Of $600,000

Broadway Financial Corporation (the “Company”) (Nasdaq Small-Cap: BYFC), parent company of Broadway Federal Bank, f.s.b. (“Broadway”), announced today that on Thursday, September 30, 2010, Broadway was awarded a $600,000 Bank Enterprise Award ("BEA") from the Community Development Financial Institutions Fund ("CDFI"), a division of the United States Department of the Treasury.

Chairman and CEO, Paul C. Hudson, said, “We appreciate the CDFI’s recognition of our efforts to provide credit and financial education to borrowers operating in distressed communities.” He went on to say, “We are honored to be one of the 69 CDFI certified banks selected to receive a BEA award. The award will provide timely financial support for our mission of serving low to moderate income communities in Southern California.”

Broadway was selected to receive the award for providing owner occupied commercial real estate, charter school, single family and affordable housing development loans. The BEA Program is designed to encourage investment in low-income and economically distressed communities across the nation.

President and COO, Wayne-Kent A. Bradshaw, added, “In these difficult times of high unemployment and underemployment within low-income communities, CDFI funding is a vital source of financial support for the work of CDFI certified community based organizations.”

Broadway was also the recipient of a $750,000 CDFI Financial Assistance award in September and a BEA award for fiscal 2009.

Broadway Federal Bank, f.s.b., founded in 1946, is the leading community-oriented savings bank in Southern California serving low to moderate income communities. We offer a variety of residential and commercial real estate loan products for consumers, businesses, and non-profit organizations, other loan products, and a variety of deposit products, including checking, savings and money market accounts, certificates of deposits and retirement accounts. The Bank operates five full service branches, four in the city of Los Angeles, and one located in the nearby city of Inglewood, California. Broadway is the wholly owned subsidiary of Broadway Financial Corporation, a publicly traded NASDAQ company, trading under the symbol “BYFC”.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs