BROADWAY FINANCIAL CORPORATION (NASDAQ:BYFC) Files An 8-K Other EventsItem 8.01 Other Events.
On June 30, 2017 Broadway Financial Corporation (the Company) issued a press release, announcing the sale of the Companys shares by the United States Department of the Treasury to two Southern California based banks, which is attached as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits.
99.1 Press release dated June 30, 2017
BROADWAY FINANCIAL CORP DE ExhibitEX-99.1 2 a17-16015_1ex99d1.htm EX-99.1 Exhibit 99.1 Broadway Financial Corporation Announces Sale of Shares By U.S. Treasury to Two Southern California Based Banks June 30,…To view the full exhibit click
here About BROADWAY FINANCIAL CORPORATION (NASDAQ:BYFC)
Broadway Financial Corporation is a savings and loan holding company. The Company is engaged in the savings and loan business through its subsidiary, Broadway Federal Bank, f.s.b. (the Bank). The Bank is a community-oriented savings institution. The Bank’s business consists of deposits from the general public and using such deposits, together with borrowings and other funds, to make mortgage loans secured by residential properties with over five or more units (multi-family); commercial real estate, and residential properties with one-to four-units (single family). Its loan portfolio consists of mortgage loans, which are secured by single family residential properties; multi-family properties, and commercial real estate, including churches. Its deposits consist of passbook savings accounts, checking accounts, negotiable order of withdrawal (NOW) accounts, money market accounts and fixed-term certificates of deposit.
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