BNET Industries
Last Fiscal Year Sales:$750.0K
- Private
- US
Dow Jones Description
Broadway Federal Savings and Loan Association was founded in 1946 by a group of civic minded men and women who had identified the need for conventional loans to minority consumers who were ignored by all of the existing financial institutions. Loans, if available at all, carried high interest rates and few if any jobs were to be had by returning veterans and other minorities. Broadway continues to fulfill the mission of providing conventional loans and in providing training for minorities desirous of entering the industry.
Chief Executive Officer
Paul C HudsonNumber of Employees 34
Peer Companies
NAICS Code Commercial Banking: 522110
News & Analysis
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broadway federal bank - All News and Analysis
Paul Hudson: Targeting an Under-served Market
Paul Hudson is Chairman and CEO of Broadway Federal Bank, the only publicly traded African American-focused bank west of the Mississippi. Broadway has carved a niche by marketing to churches and religious groups, a strategy that has enabled this regional player to succeed in the face of competition...
Broadway Federal Bank Announces New Strategic Alliance
LOS ANGELES -- Broadway Federal Bank, f.s.b. (the "Bank" or "Broadway") announced that F. Glenn Harvey, past President and Chief Operating Officer, of Broadway has been named President of Williams Group Capital LLC. The announcement was made today jointly by Elrick Williams, CEO of Williams Group Holdings LLC, the...
Broadway Federal Bank
Michelle Ballard, former director of procurement equity and supplier diversity for Anschutz Entertainment Group, owner of Los Angeles' Staples Center, has been named wealth development officer for Broadway Federal Bank in L.A., which recently became the first African-American bank in the U.S. to finance a national sports team, the LA...
Broadway Financial Corporation Announces Second Quarter Dividend
LOS ANGELES -- Broadway Financial Corporation ("Company") (NASDAQ:BYFC), the holding company of Broadway Federal Bank, f.s.b. ("Bank"), today announced that its Board of Directors has approved the payment of the Company's cash dividend for the second quarter. A dividend of $0.05 cents per share of the Company's Common Stock will...
Broadway Financial Corporation Announces Appointment of Wilbur A. McKesson, Jr. as Senior Vice President/Chief Loan Officer Broadway Federal Bank, the Oldest African-American Bank West of the Mississippi
LOS ANGELES -- Broadway Financial Corporation ("Company") (NASDAQ:BYFC), the holding company of Broadway Federal Bank, f.s.b. ("Bank" or "Broadway"), today announced that Wilbur A. McKesson, Jr. has joined the Bank as Senior Vice President and Chief Loan Officer.
Broadway Financial Corporation Announces Fourth Quarter Dividend
LOS ANGELES -- Broadway Financial Corporation (NASDAQ:BYFC), the parent company of Broadway Federal Bank, announced today that its Board of Directors has declared a cash dividend of $0.05 per common share for the fourth quarter of 2005. The dividend will be payable on or about January 31, 2006, to shareholders...
Nara Bancorp Appoints Alvin D. Kang as New Chief Financial Officer of the Company and Nara Bank
LOS ANGELES -- Nara Bancorp, Inc. (Nasdaq:NARAE) and its subsidiary Nara Bank today announced that Mr. Alvin D. Kang, Executive Vice President and Chief Financial Officer of Los Angeles-based Broadway Financial Corporation, the holding company of Broadway Federal Bank f.s.b., Executive Vice President, Chief Operating and Chief Financial Officer of...
Broadway Financial Corporation Reports Stock Sale to Cathay General Bancorp
LOS ANGELES -- Broadway Financial Corporation (the "Company") (Nasdaq:BYFC), the holding company of Broadway Federal Bank, f.s.b. (the "Bank"), today reported that the Company sold 70,000 shares of its common stock to Cathay General Bancorp at $13.50 per share, under the stock purchase agreement signed on March 18, 2004. The...
Broadway Financial Corporation Announces FNMA Preferred Stock Investment
Business Editors LOS ANGELES--BUSINESS WIRE--Dec. 31, 2002 Broadway Financial Corporation (the "Company") (Nasdaq:BYFC), the holding company of Broadway Federal Bank, f.s.b. (the "Bank"), today announced that on December 30, 2002 Fannie Mae invested $1,000,000 into the Company in return for non-voting Preferred Stock of Broadway Financial Corporation. The...
Steve Rippe Joins the Board of Broadway Financial Corp
Business Editors LOS ANGELES--BUSINESS WIRE--Oct. 4, 2001 Broadway Financial Corp. ("Broadway" or "Company") (Nasdaq:BYFC), the holding company for Broadway Federal Bank f.s.b. ("Bank"), today announced that Stephen N. Rippe, formerly president of Highland Bancorp Inc. and currently a partner of Hot Creek Capital LLC (formerly known as Everest...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Paul C Hudson | Chief Executive Officer |
| Wayne-Kent A. Bradshaw | Chief Operating Officer, President |
| Anita Reed | Chief Funding Officer |
| Candis Hurdle Noel | Senior Vice President, Chief Retail Banking Officer |
| Candis Hurdle-Noel | Senior Vice President, Chief Retail Banking Officer of the Bank |
| Eric Johnson | Banks Chief Retail Banking Officer |
| John Heywood | Senior Vice President, Chief Loan Officer |
| Sam Sarpong | Chief Financial Officer |
| Susan Mackey | Vice President, Chief Credit Officer |
| Wilbur McKesson | Vice President, Chief Lending Officer |
| Abby Turzak | Vice President, Loan Service Manager |
| Ashley Franklin | Vice President, Branch Manager |
| Godwin Segbefia | Vice President, Senior Credit Officer |
| Leo Mendez | Vice President, Branch Manager |
| Leo Ortega | Vice President, Loan Service Manager |
| Lynette Cameron | Vice President, Loan Origination Manager |
| Robin Kynard | Vice President, Training Manager |
| Wayne Standback | Vice President, Director Wealth Management |
| Virgil Roberts | Managing Partner of Bobbitt |
| A Odell Maddox | Manager of Maddox Co. |
| Clark Smith | Branch Manager |
| Karen Jessie | Branch Manager |
| Karina Nava | Branch Manager |
| Latasha Pitts | Branch Manager |
| Louis Hudson | Office Services Manager |
| Daniele Johnson | Corporate Secretary |
| Greg Demus | Network Administrator |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Daniel A Medina | Board of Directors |
| Elrick Williams | Board of Directors |
| F Glenn Harvey | Board of Directors |
| Glenn Harvey | Board of Directors |
| Javier Leon | Board of Directors |
| Rick McGill | Board of Directors |
| Robert C Davidson | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Community Build Inc | (Chairman) President, CEO, Broadway Federal Savings & Loan | Current |
| Broadway Federal Bank | Chief Executive Officer | Current |
| Laup | Board of Directors | Current |
| Nedlc | Board of Directors | Current |
| La Alliance | Board of Directors | Current |
| Lacera | Board of Directors | Current |
| Los Angeles Community Design Center | Board of Directors | Current |
| Broadway Federal Bank | President | Former |
| The American National Red Cross | Former | |
| Community Build Inc | Board of Directors | Former |
| Los Angeles Fire | Board of Directors | Former |
| Employers Group | Board of Directors | Former |
| California Bankers Association | Board of Directors | Former |
| California Business Roundtable | Board of Directors | Former |
| America's Community Bankers | Board of Directors | Former |
| University of California, Berkeley | Bachelors Degree In Political Science | Former |
Mr. Bradshaw served as Regional President and National Manager for the Community and External Affairs activities at Washington Mutual. He also served as President/Chief Executive Officer of the Los Angeles based Family Savings Bank from 1989 until 2002. Mr. Bradshaw brings to Broadway Federal over thirty-eight years of experience in financial management and banking.
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Chief Operating Officer, President | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Chief Funding Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Senior Vice President, Chief Retail Banking Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Senior Vice President, Chief Retail Banking Officer of the Bank | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Banks Chief Retail Banking Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Senior Vice President, Chief Loan Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Chief Financial Officer | Current |
| Broadway Federal Bank | Board of Directors | Current |
| Financial Managers Society, Inc | Board of Directors | Current |
| Financial Managers Society, Inc | Member | Current |
| Broadway Federal Bank | Member | Current |
| Broadway Federal Bank | First Vice President | Former |
| Citibank | Audit Manager | Former |
| Broadway Federal Bank | Internal Auditor | Former |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Vice President, Chief Credit Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Vice President, Chief Lending Officer | Current |
| Option One Mortgage Corporation | Vice President for Affordable Housing | Former |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Vice President, Loan Service Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Vice President, Branch Manager | Current |
| Broadway Federal Bank | Branch Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Vice President, Senior Credit Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Vice President, Branch Manager | Current |
| Broadway Federal Bank | Branch Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Vice President, Loan Service Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Vice President, Loan Origination Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Vice President, Training Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Vice President, Director Wealth Management | Current |
Virgil Roberts is Managing Partner and founder of the law firm Bobbitt & Roberts, which specializes in representing entertainment industry clients in television, film and music. Prior to this, Roberts was President of Solar Records, one of the most successful African American-owned record companies in the 1980s. His early work as a civil rights attorney with Manning & Roberts included representing the NAACP in the Los Angeles school desegregation case Crawford v. Board of Education. He currently serves on the boards of Community Build, Claremont Graduate School, Families in Schools, the Alliance of Artists and Record Companies, Southern California Public Radio, Broadway Federal Bank, and the Mayor's Council on Education. He has served as chairman of the Los Angeles Education Partnership, chairman of the board of the California Community Foundation, treasurer of the Los Angeles Private Industry Council, and vice chairman of the Public Education Fund Network. While he was board chair of the Los Angeles Annenberg Metropolitan Project, the organization raised and spent more than $120 million to reform public education in the Los Angeles basin. He has been honored by the Los Angeles Urban League, the NAACP Legal Defense and Education Fund, the University of Southern California School of Education, and the UCLA Black Alumni Association. Roberts holds a bachelor's degree from UCLA and a Juris Doctor (J.D.) degree from Harvard Law School, where he was a Felix Frankfurter Scholar.
| Organization | Position | Status |
|---|---|---|
| Bobbitt and Company, Inc | Founder | Current |
| Bobbitt and Company, Inc | Managing Partner | Current |
| Broadway Federal Bank | Managing Partner of Bobbitt | Current |
| Usher's New Look Inc | Current | |
| The James Irvine Foundation | Current | |
| Families In Schools | Chair | Current |
| La Alliance | Board of Directors | Current |
| Broadway Federal Bank | Board of Directors | Current |
| Families.Com, LLC | Board of Directors | Current |
| Claremont Graduate School | Board of Directors | Current |
| Community Build Inc | Board of Directors | Current |
| Occidental College | Board of Directors | Current |
| Marlborough School | Board of Directors | Current |
| Marlborough School | Trustee | Current |
| Occidental College | Trustee | Current |
| California Community Foundation | Chairman of The Board | Former |
| Harvard Law School | Juris Doctor | Former |
| University of California, Los Angeles | Bachelor's Degree | Former |
| Harvard Law School | Degree | Former |
| University of California, Los Angeles | Degree In Political Science | Former |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Manager of Maddox Co. | Current |
| Broadway Federal Bank | Board of Directors | Current |
| Los Angeles County Assessor's Office | Real Estate Appraiser | Former |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Branch Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Branch Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Branch Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Office Services Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Corporate Secretary | Current |
| Broadway Federal Bank | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Network Administrator | Current |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Board of Directors | Current |
| Arthur Anderson & Co. | Managing Director | Former |
| Broadway Federal Bank | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Allston Trading LLC | Chief Executive Officer | Current |
| Allston Trading LLC | Founder | Current |
| Allston Trading LLC | Chairman | Current |
| Broadway Federal Bank | Board of Directors | Current |
| Broadway Federal Bank | Chairman and Chief Executive Officer of Allston Trading Llc | Former |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Board of Directors | Current |
| Broadway Federal Bank | President and Chief Operating Officer | Former |
| Credit Lyonnais | Vice President | Former |
| Credit Lyonnais | Senior Relationship Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Board of Directors | Current |
| Credit Lyonnais | Vice President | Former |
| Credit Lyonnais | Senior Relationship Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Board of Directors | Current |
| Broadway Federal Bank | Chief Executive Officer of Chivas USA | Former |
| Organization | Position | Status |
|---|---|---|
| Broadway Financial Corporation | Board of Directors | Current |
| California Bankers Association | Board of Directors | Current |
| Broadway Federal Bank | Board of Directors | Current |
| Broadway Federal Bank | President of Quaker City Bank | Former |
| The Quaker | President | Former |
Robert C. Davidson, Jr. is Chairman/CEO of Surface Protection Industries, one of the largest African American owned manufacturing companies in California. Prior to acquiring Surface Protection Industries in 1978, Mr. Davidson held a number
| Organization | Position | Status |
|---|---|---|
| Broadway Federal Bank | Board of Directors | Current |
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