Broadway Financial Corporation Retains U.S. Stock Transfer Corporation as New Transfer Agent.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Sept. 27, 2000

Broadway Financial Corporation ("Company") (NASDAQ Small-Cap: BYFC), the holding company of Broadway Federal Bank, f.s.b. ("Bank"), today announced they have retained U.S. Stock Transfer Corporation ("USST") as the Company's new Transfer Agent and Registrar. The transition from Computershare Investor Services, formerly American Securities Transfer and Trust Inc. of Lakewood, Colorado, was effective September 1, 2000.

U.S. Stock Transfer Corporation, established in 1962, is the largest independent stock transfer agency headquartered in the West. USST is a full-service agency, serving more than 400 public corporations. The Company anticipates that USST will better serve the Stockholders because it is located in Glendale, California and is in close proximity to many of the Company's stockholders.

The Bank is a community-oriented savings bank, which primarily originates residential mortgage loans in the Los Angeles geographic areas known as Mid-City and South Central. The Bank operates five full-service branches, four 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 its website at www.broadwayfed.com.