Broadway Federal Bank

Broadway Federal Bank
Company typePublic
NasdaqBYFC
IndustryBanking
Founded1946; 78 years ago (1946)
Defunct2020 (2020)
HeadquartersLos Angeles, California, US
Key people
Number of employees
65
Websitewww.cityfirstbank.com

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]

  1. ^ "Broadway Federal Bank Locations". Broadway Federal. Retrieved 3 August 2020.
  2. ^ Hill, Jarrett (9 September 2019). "The evolution of the west's only black bank". KCRW. Retrieved 3 August 2020.