Broadway Financial Corporation Announces Stockholder Election of Directors and Second Quarter Dividend.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"), today announced:
--The election of three directors, Mr. Paul C. Hudson, Mr. Kellogg Chan and Mr. Rick McGill, by the stockholders at the Annual Meeting held on June 21, 2006. The three directors will serve for terms of three years each ending in 2009.
--The ratification of Crowe Chizek and Company LLP LLP - Lower Layer Protocol by the stockholders as the Company's independent audit firm for 2006.
--The payment of the Company's cash dividend for the second quarter. A dividend of $0.05 cents per share Cents per share
The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. of the Company's Common Stock will be paid on July 31, 2006 to stockholders of record as of July 3, 2006.
Broadway Federal Bank is a community-oriented savings bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , which primarily originates residential mortgage loans in the Los Angeles geographic areas known as Mid-City and South Central. The Bank operates four full service branches, three in the city of Los Angeles