Hudson concluded by saying, “The Bank has weathered numerous economic storms and social unrest since its inception in 1947. What sustains the Bank through troubled times are its loyal customers and broad base of community support. We are in this storm together and together we will succeed.”About Broadway Federal Bank Broadway Federal Bank, f.s.b. is the leading community-oriented savings bank in Southern California serving low to moderate income communities and the largest African American bank located west of the Mississippi. We offer a variety of residential and commercial real estate loan products for consumers, businesses, and non-profit organizations. We also offer other loan products, and an array of deposit products, including checking, savings and money market accounts, certificates of deposits and retirement accounts. The Bank currently operates three full service branches, two in the city of Los Angeles, and one located in the nearby city of Inglewood, California. Forward-Looking Statements Certain matters discussed in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, the Company’s plan for Recapitalizing, raising capital and selling the headquarters building, expectations regarding the business environment in which the Company operates, projections of future performance, perceived opportunities in the market, and statements regarding strategic objectives. These forward-looking statements are based upon current management expectations, and involve risks and uncertainties. Actual results or performance may differ materially from those suggested, expressed, or implied by the forward-looking statements due to a wide range of factors including, but not limited to, the general business environment, the real estate market, competitive conditions in the business and geographic areas in which the Company conducts its business, regulatory actions or changes and other risks detailed in the Company’s reports filed with the Securities and Exchange Commission, including the Company’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.
Shareholders, analysts and others seeking information about the Company are invited to write to: Broadway Financial Corporation, Investor Relations, 4800 Wilshire Blvd., Los Angeles, CA 90010, or visit our website at www.broadwayfederalbank.com.
|4835 W. Venice Blvd.||170 N. Market Street||4001 S. Figueroa|
|Los Angeles, CA 90019||Inglewood, CA 90301||Los Angeles, CA 90037|