Savings and loan holding company providing financial services to underserved communities primarily in Los Angeles.
Broadway Financial Corporation serves as the holding company for City First Bank, National Association, offering a diverse range of banking products and services across the United States. Established in 1946 and headquartered in Los Angeles, California, the corporation operates through three branch offices and provides various deposit accounts, including savings, checking, NOW accounts, money market accounts, and certificates of deposit. Broadway Financial Corporation distinguishes itself by specializing in mortgage loans secured by multi-family residential properties, single-family homes, and commercial real estate, encompassing charter schools, community facilities, and churches, among others.
In addition to its lending and deposit services, Broadway Financial Corporation strategically invests in securities issued by federal government agencies and residential mortgage-backed securities, contributing to its comprehensive financial offerings. The corporation's commitment to supporting community development and economic empowerment underscores its role as a trusted financial partner in the markets it serves. Broadway Financial Corporation's focus on responsible lending practices and investment in community-oriented projects reinforces its mission to foster sustainable growth and financial inclusion.
While Broadway Financial Corporation has not yet ventured into cryptocurrency initiatives, its solid foundation and commitment to innovation position it favorably for potential future developments in digital finance. As technology continues to reshape the financial services industry, Broadway Financial Corporation remains poised to adapt and explore opportunities that align with its mission of serving diverse communities and enhancing economic vitality. By leveraging its decades-long expertise and customer-centric approach, the corporation stands ready to embrace emerging trends and meet the evolving needs of its clientele in the digital age.