BYFC Profile
Broadway Financial Corporation, the parent company of City First Bank, National Association, provides a comprehensive range of banking products and services across the United States. Founded in 1946 and headquartered in Los Angeles, California, the company operates with a focus on supporting both personal and commercial financial needs through its three branch offices.
The bank offers a wide array of deposit accounts, including savings accounts, checking accounts, NOW accounts, money market accounts, and fixed-term certificates of deposit. These products are designed to meet the varied needs of individual customers and businesses, providing secure and flexible options for managing their finances. In addition to traditional deposit services, the bank provides a robust selection of loan products, including mortgage loans secured by multi-family residential properties, single-family homes, and commercial real estate. The bank’s commercial loans extend to charter schools, community facilities, and churches, as well as commercial business, construction, and consumer loans.
Broadway Financial Corporation also invests in a diverse portfolio of securities, including those issued by federal government agencies and residential mortgage-backed securities. This investment strategy is aimed at enhancing the bank's financial stability and ensuring a steady return on investments. The company’s strategic focus on community development and financial inclusion is reflected in its lending practices and investment activities, which support various community and business sectors.
With its long-standing history and commitment to serving its customers, Broadway Financial Corporation continues to play a significant role in the banking industry. The company’s operations through City First Bank underscore its dedication to providing high-quality financial services, supporting economic growth, and fostering community development across its operating regions.
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