Company type | Public |
---|---|
Nasdaq: BYFC | |
Industry | Banking |
Founded | 1946 |
Defunct | 2020 |
Headquarters | Los Angeles, California, US |
Key people |
|
Number of employees | 65 |
Website | www |
Broadway Federal Bank was a community focused bank founded in 1946 and based in Los Angeles. As of 2020, it had three traditional branches and one loan production office.[1]
It was the last remaining traditionally black-community oriented bank headquartered west of Dallas.[2]
On August 26, 2020, its parent company, Broadway Financial Corporation, announced a merger with DC-based City First Bank to form the largest Black-led financial institution in the US, with over a billion dollars in assets.[citation needed]