Broadway Financial Corporation - Class A Common Stock (BYFC)

Competitors to Broadway Financial Corporation - Class A Common Stock (BYFC)

City First Bank of Washington, D.C.

City First and Broadway Financial compete by focusing on community development banking and providing financial services aimed at low-to-moderate income individuals. While both banks have strong missions regarding community support, City First Bank has established stronger partnerships with local organizations and government entities, leading to increased funding and initiatives that showcase its competitive advantage.

Hope Bancorp, Inc. 

Hope Bancorp offers banking services primarily to the Asian American community while providing commercial and consumer banking services. Both Hope and Broadway Financial focus on niche markets, but Hope has a broader geographic reach and a more extensive product line, including more diversification in commercial lending. This breadth tends to give Hope a competitive edge in securing a larger customer base.

Seacoast Banking Corporation of Florida 

Seacoast Banking Corporation operates primarily in Florida and offers a range of traditional banking products, including commercial and retail services. While Broadway Financial focuses on niche segments within urban areas, Seacoast's extensive network and diversification of services provide it with a competitive advantage in broader market penetration, making it a fierce competitor despite different operational focuses.

Southern Bancorp, Inc.

Southern Bancorp and Broadway Financial Corporation primarily compete by offering community banking services focused on underbanked populations. Both institutions have similar missions dedicated to serving minority communities. Southern Bancorp, however, has established itself as a leader in financial literacy programs and community development initiatives, giving it a competitive advantage in community engagement and access to local resources.