Broadway Financial Corporation Announces 2007 Annual Stockholders' Meeting.

LOS ANGELES -- Broadway Financial Corporation ("Company") (NASDAQ:BYFC), the parent company of Broadway Federal Bank, f.s.b. ("Bank") announced today that the Annual Meeting of Stockholders of Broadway Financial Corporation will be held on Wednesday, June 20, 2007 at 2:00 pm at the Corporate Headquarters located at 4800 Wilshire Boulevard, Los Angeles, California 90010 to vote on the election of three directors, to ratify the appointment of the Company's independent auditors for 2007 and to transact such other business as may properly come before the Annual Meeting or any adjournment thereof. Stockholders of record at the close of business on April 30, 2007 shall be entitled to notice of and to vote at the Annual Meeting of Stockholders.

Broadway Federal Bank, celebrating its 60th anniversary, is a community-oriented savings bank, which primarily originates residential and commercial mortgage loans in the greater Los Angeles area. The Bank operates four full service branches, three in the city of Los Angeles, and one in the nearby city of Inglewood, California. Shareholders, analysts and others seeking information about the Company or the Bank are invited to write to: Broadway Financial Corporation, Investor Relations, 4800 Wilshire Blvd., Los Angeles, CA 90010, or visit our website at www.broadwayfederalbank.com.