Broadway Financial Corporation (BYFC) Research

Broadway Financial Corporation, which was founded in 1946 and is based in Los Angeles, California, serves as the parent company for City First Bank, National Association. This financial entity offers a diverse array of banking products and services across the United States. Its banking operations include accepting various types of deposits, such as checking accounts, savings accounts, NOW accounts, money market accounts, and certificates of deposit with fixed terms. The corporation also provides a wide range of lending options, including mortgage loans for single-family homes, multi-family residences, and commercial properties – notably encompassing charter schools, community centers, and religious institutions. Furthermore, it extends commercial business loans, construction financing, and consumer loans. Beyond its core banking activities, Broadway Financial Corporation maintains an investment portfolio that includes securities issued by U.S. federal agencies, residential mortgage-backed securities, and other investment vehicles. The company conducts its business through a network of three physical branch locations.

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