Broadway Financial Corporation Announces Election of Three New Board Members F. Glenn Harvey, Javier Leon, Elrick Williams.Broadway Federal Bank, the Oldest African-American Bank West of the Mississippi 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 F. Glenn Harvey, Javier Leon and Elrick Williams have been elected to the Board of Directors (Board) of both the Company and the Bank. Mr. Leon and Mr. Williams will fill the vacancies left by retiring directors Rosa M. Hill and Elbert T. Hudson. In addition, the Board voted to expand the number of Directors from nine to ten. Javier Leon is Chief Executive Officer of Chivas USA and its parent company, Chivas USA Enterprises LLC. Chivas USA is a member team of US Major League Soccer and is the sister team of Chivas Guadalajara, Mexico's most followed soccer club, with more than 30 million fans across Mexico and the United States Relations between the United States and Mexico are among the most important and complex that each nation maintains. They are shaped by a mixture of mutual interests, shared problems, and growing interdependence. . As CEO, Mr. Leon oversees business operations, including finances and long-term strategic planning, as well as licensing and trademark management. Prior to joining Chivas USA, Mr. Leon was Managing Director with Merrill Lynch where he was responsible for the Private Investment Bank project with the goal to connect top-tier US companies with ultra high net worth families in Latin America. Before joining Merrill Lynch, he was Director of Equity for Latin America at Deutsche Bank, where he was responsible for all equity transactions in Latin America. He has also worked with the Latin American Equities Group at Baring Securities and as Director for the Hedge Fund Group, developing structured products for institutional clients. Born in Mexico City, Mr. Leon earned a Bachelor of Arts in Economics from Claremont McKenna College A member of the Claremont Colleges, Claremont McKenna College is a small, highly selective, private coeducational, liberal arts college enrolling about 1100 students with a curricular emphasis on government, economics, and public policy. and a Master's in International Management at the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). at San Diego. Elrick Williams is founder, Chairman and Chief Executive Officer of Allston Trading LLC, a firm that specializes in algorithmic electronic trading of stocks, Treasury bonds, currencies, futures and options. His firm generates revenues of $150 million annually. Mr. Williams is the beneficial owner of 100,000 shares of Broadway Financial Corporation's stock. Mr. Williams is a member of the Chicago Mercantile Exchange Chicago Mercantile Exchange (CME) Chicago Mercantile Exchange (CME) is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. and has over thirty-five years experience in finance and economics. His past experience has ranged from an economic analyst at U.S. Trust Company to Project Manager at the International Foundation for Education and Self-Help. During his tenure at the Foundation, Mr. Williams managed a program to recruit and provide credit training to mid-level bankers from twelve African countries. Mr. Williams is a native of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . He received his undergraduate degree in Chemistry from Williams College and his Masters in Business Administration from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. . Mr. Harvey currently serves as President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the Bank. Among the initiatives implemented by Mr. Harvey is the creation of a Wealth Management Division to conduct external sales of retail banking products and services and creation of Sports and Commercial and Industrial loan programs. He has secured loans for the purchase of the Los Angeles Sparks WNBA franchise and a working capital loan to Chivas USA. Prior to joining the Bank, Mr. Harvey was Senior Vice President of Comerica Bank-California, Entertainment Group. He has over twenty years of banking experience in the areas of general corporate, film, gaming and professional sports finance and loan syndication, structuring and distribution. Mr. Harvey received an undergraduate degree from University of California at Berkeley (body, education) University of California at Berkeley - (UCB) See also Berzerkley, BSD. http://berkeley.edu/. Note to British and Commonwealth readers: that's /berk'lee/, not /bark'lee/ as in British Received Pronunciation. and a Masters in Business Administration and Juris Doctor from University of California at Los Angeles. Mr. Harvey is the grandson of architect Paul R. Williams, one of the Bank's founding directors. Broadway Federal Bank is a sixty-year old 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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