Broadway Financial Corporation Aktie News

LOS ANGELES--(BUSINESS WIRE)--Broadway Financial Corporation (the “Company” or “Broadway”) (NASDAQ Capital Market: BYFC), the holding company of City First Bank, National Association (the “Bank” and collectively with the Company, “City First Broadway”), today announced the addition of four experienced senior officers to the management team of City First Broadway. The Board of Directors of City ...

LOS ANGELES--(BUSINESS WIRE)--Broadway Financial Corporation (“Broadway,” “we,” or the “Company”) (Nasdaq Stock Market: BYFC), parent company of City First Bank, National Association, announced today it received a Staff Delisting Determination letter (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on May 14, 2024 notifying the Com...

LOS ANGELES--(BUSINESS WIRE)--Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (Nasdaq Capital Market: BYFC), parent company of City First Bank, National Association (the “Bank”, and collectively, with the Company, “City First Broadway”), received written notice from The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company did not file its Form 10-K for the fis...

LOS ANGELES--(BUSINESS WIRE)--Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ: BYFC), parent company of City First Bank, National Association, announced today it received a letter from the Nasdaq Stock Market LLC (“Nasdaq”), dated November 16, 2023, informing the Company that it no longer complies with Nasdaq Listing Rule 5250(c)(1) because Broadway has not yet filed...

LOS ANGELES--(BUSINESS WIRE)--Broadway Financial Corporation (“Broadway,” “we,” or the “Company”) (Nasdaq Capital Market: BYFC), parent company of City First Bank, National Association, announced today the terms of the Company's previously disclosed reverse stock split (the “Reverse Split”). Authorization for the Reverse Split was approved by stockholders at Broadway's Annual Meeting on June 21...

BYFC has recently merged with First City Bank from Washington. The bank's combined asset base could dilute its non-interest costs and improve profitability. However, BYFC has shown bad loan allocation policies in the past, generating substantial losses during the GFC, of up to 10% of the book.

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