Broadway Financial Corporation Announces Resignation of Chief Financial Officer.LOS ANGELES -- Broadway Financial Corporation (the "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. (the "Bank"), today reported that Alvin D. Kang, the Company's Chief Financial Officer, has tendered his resignation, effective July 31, 2005, to take a position with another bank. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Paul Hudson stated, "It's a good opportunity for Al, and we wish him well. Sam Sarpong, our Controller, will be the acting CFO See Chief Financial Officer. until we decide on a more permanent solution." About Us Broadway Federal Bank, f.s.b. is a community-oriented savings bank, which primarily originates residential mortgage loans and conducts funds acquisition in the geographic areas known as Mid-City and South Los Angeles South Los Angeles is the official name for a large geographic and cultural area lying to the southwest and southeast of downtown Los Angeles, California. The area was formerly called South Central Los Angeles, and is still sometimes called South Central. . The Bank operates four full service branches, three in the city of Los Angeles
Shareholders, analysts and others seeking information about the Company 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. |
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