Broadway Financial Corp - BYFC- Profile

Broadway Financial Corporation. The Group's principal activity is to accept retail deposits from the general public and invest those deposits together with borrowings and other funds in multi-family and single-family residential mortgage loans. It is a community-oriented saving institution dedicated to serving the African-American, Hispanic and other communities of Mid-City and South Central Los Angeles, California. It also invests in non-residential real estate loans secured primarily by church properties and commercial properties. In addition, the Group invests in securities issued by the federal government and agencies, mortgage-backed securities, mortgage-related mutual funds and other investments. The Bank operates four retail banking offices, three in the city of Los Angeles, and one located in the nearby city of Inglewood, California. At 31-Dec-2005, the Bank operated four retail-banking offices in Southern California Attracts deposits and provides residential mortgage loans through four banking offices located in Los Angeles