Broadway Federal Bank
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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]
Quick Facts Company type, Traded as ...
Company type | Public |
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Nasdaq: BYFC | |
Industry | Banking |
Founded | 1946; 78 years ago (1946) |
Defunct | 2020 (2020) |
Headquarters | Los Angeles, California, US |
Key people |
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Number of employees | 65 |
Website | www |
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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]