Broadway Federal Bank Extends Sports Lending With Loan to Chivas USA.

LOS ANGELES -- Broadway Federal Bank, f.s.b. (the "Bank" or "Broadway") announced a $3.25 million working capital loan to Chivas USA Soccer ("Chivas USA"). With the addition of sports lending, Broadway becomes the first minority bank in the country to be a direct lender to NBA, MLS, WNBA and NHL franchises.

F. Glenn Harvey, the Bank's President and Chief Operating Officer, acknowledged that, "Chivas is an internationally recognized brand with over 100 years of history with the sport of soccer." He went on to state, "Broadway is pleased to be a part of the Chivas USA effort to bring its elite level of performance and passion for the game of soccer to Southern California.

Javier Leon, Chivas' CEO, explained that, "The partnership between Chivas and Broadway will directly benefit our mutual constituencies within the greater Los Angeles area and allow Chivas to grow its brand, improve the quality of its product and the Chivas experience." He went on to state that, "Both Chivas and Broadway share the goal of bringing quality and championship soccer to the youth and residents of greater Los Angeles."

Chivas USA is a member team of US Major League Soccer ("MLS"). Founded on August 2, 2004, Chivas USA is the sister team of Club Deportivo Guadalajara, popularly known as 'Chivas', Mexico's most followed soccer club, with more than 30 million fans across Mexico and the United States. Chivas celebrated its inaugural season as a MLS expansion team in 2005 and in only its' second year competed in the MLS playoffs. The team is based in Carson, California and plays its home games at the Home Depot Center in Carson, California.

F. Glenn Harvey, the Bank's President and Chief Operating Officer, stated, "The Sports Loan Division was created to capitalize on the Bank's expertise in a specialty niche and will provide working capital and acquisition loans to professional sports franchises." Mr. Harvey added, "The Chivas loan reflects our commitment to professional sports, soccer and the diverse communities in which the Bank operates".

Mr. Harvey, who heads up the Sports lending efforts, was responsible for crafting Comerica Bank's first professional sports finance credit policy and was the bank's senior relationship manager to the Los Angeles Dodgers, Boston Celtics, Golden State Warriors, Oakland Athletics, Minnesota Vikings, Arizona Diamondbacks, Florida Marlins, Staples Center/ Home Depot Center, San Antonio Spurs, Memphis Grizzlies and Columbus Blue Jackets.

Broadway is a sixty year old community-oriented savings bank that primarily originates real estate loans, now being complimented with select sports and commercial and industrial loans. The Bank conducts funds acquisition in the geographic areas known as Mid-City and South Los Angeles and operates four full service branches, three in the city of Los Angeles, and one located in the nearby city of Inglewood, California.