About Broadway Federal Bank
Broadway Federal Bank was founded in 1946. The Bank has historically served African American and Hispanic consumers and businesses in the mid-city and south Los Angeles communities. The Bank was founded to provide lending and depository services to minority consumers and businesses ignored by existing financial institutions due to credit red-lining.
Broadway Federal Bank's mission is to serve the real estate, business, and financial needs of customers in underserved urban communities with a commitment to excellent service, profitability, and sustained growth. The company also has a broader commitment to ensure that the Bank employs, trains, and mentors community residents, contracts for services with community businesses, and encourages Bank management and staff to serve as volunteers in civic, community, and religious organizations.