Articles from Broadway Financial Corporation, Inc.

Broadway Financial Corporation, Inc. (Nasdaq: BYFC) (“Broadway”), the parent company of City First Bank, N.A. (the “Bank”), announced that its Board of Directors unanimously elected President and CEO Brian E. Argrett to the role of Board Chair of both Broadway and the Bank, effective April 1, 2023, on the two-year anniversary of the merger of equals of Broadway and CFBanc Corporation and their bank subsidiaries. The Board of Directors also unanimously elected current Board Chair Wayne-Kent A. Bradshaw as Vice Chair and reelected Marie C. Johns as Lead Independent Director. This transition realizes the governance succession plans established in connection with the merger to elevate Mr. Argrett to serve as Board Chair while continuing to serve as Chief Executive Officer.