Company Information

Get to know Broadway Financial

Broadway Financial Corporation (NASDAQ: BYFC) is the parent company of City First Bank, National Association. The institution was formed through the 2021 merger of Broadway Federal Bank (founded in 1946 in Los Angeles) and City First Bank (founded in 1998 in Washington, D.C.). As a certified Community Development Financial Institution (CDFI), its mission is to close the racial wealth gap by providing access to capital and depository services to underserved, low-to-moderate-income communities, primarily in Southern California and the Washington, D.C. metro area.

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Financial BankingPRIMARY
Financial Other Service

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Broadway Financial

United States

Founded in

1947 (79 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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ASIC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.