Broadway Financial Corporation Announces Election of Paul C. Hudson Chairman of the Board of Directors.LOS ANGELES -- Broadway Financial Corporation ("Company") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BYFC), the holding company of Broadway Federal Bank, f.s.b. ("Bank" or "Broadway"), today announced that Paul C. Hudson has been elected Chairman of the Board of Directors of the Company and Bank. Mr. Hudson will also continue to perform his duties as Chief Executive Officer. Mr. Hudson replaces Elbert T. Hudson who retired December 31, 2006 following tenure on the Board that began in 1959. Mr. Elbert Hudson was elected Chairman of the Board in April 1972 and will continue to serve the Bank as Chairman Emeritus. Paul Hudson was appointed President and Chief Executive Officer of the Bank and Company in March 1992. During Mr. Hudson's tenure Bank assets have tripled and net income has increased six fold. Mr. Hudson remains active in the Los Angeles community. He is a past President of the Los Angeles NAACP NAACP in full National Association for the Advancement of Colored People Oldest and largest U.S. civil rights organization. It was founded in 1909 to secure political, educational, social, and economic equality for African Americans; W.E.B. Du Bois and Ida B. and past Chairman of the Los Angeles Community Redevelopment Agency. He currently serves on the boards of the Los Angeles County Employees Retirement Association Board of Investments, California Bankers Association, Los Angeles Universal Pre-School, Alliance for College-Ready Public Schools Alliance for College-Ready Public Schools (LA Alliance) is a not-for-profit organization which operates charter schools in Los Angeles. Its president and CEO is Judy Ivie Burton, a former Superintendent of Local District B in the Los Angeles Unified School District. , Los Angeles Community Design Center, Boy Scouts of America Noun 1. Boy Scouts of America - a corporation that operates through a national council that charters local councils all over the United States; the purpose is character building and citizenship training , Community Build, Inc., and he was recently named one of KCET's (the Public Broadcasting Service “PBS” redirects here. For other uses, see PBS (disambiguation). Not to be confused with Public Broadcasting Services in Malta. The Public Broadcasting Service (PBS Los Angeles affiliate) "Local Community Heroes" for 2007. Broadway Federal Bank, which just celebrated its 60th anniversary, is a community-oriented savings bank, which primarily originates residential and commercial mortgage loans in the greater Los Angeles area The Greater Los Angeles Area, or the Southland, is the agglomeration of urbanized area around the city of Los Angeles, California, United States. There are two "official" definitions—the Los Angeles metropolitan area consisting only of the Los Angeles and Orange . The Bank operates four full service branches, three in the city of Los Angeles
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