<SEC-DOCUMENT>0001140361-21-009061.txt : 20210318
<SEC-HEADER>0001140361-21-009061.hdr.sgml : 20210318
<ACCEPTANCE-DATETIME>20210318154627
ACCESSION NUMBER:		0001140361-21-009061
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20210317
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210318
DATE AS OF CHANGE:		20210318

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROADWAY FINANCIAL CORP \DE\
		CENTRAL INDEX KEY:			0001001171
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				954547287
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39043
		FILM NUMBER:		21754218

	BUSINESS ADDRESS:	
		STREET 1:		5055 WILSHIRE BLVD STE 500
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90036
		BUSINESS PHONE:		3236341700

	MAIL ADDRESS:	
		STREET 1:		5055 WILSHIRE BLVD STE 500
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90036
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>brhc10021950_8k.htm
<DESCRIPTION>8-K
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: SUMMIT
         Document created using EDGARfilings PROfile 7.3.2.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <!--PROfilePageNumberReset%Num%1%%%-->
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
      <div style="text-align: center; font-weight: bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center;">Date of Report (Date of earliest event reported):<font style="font-weight: bold;"> March 17, 2021</font></div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center; font-size: 24pt; font-weight: bold;">BROADWAY FINANCIAL CORPORATION</div>
      <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z41d98edb056a476aaeb7172b4f3782b1">

          <tr>
            <td style="width: 33%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;"><a name="z_Hlk48720211"></a>Delaware</div>
            </td>
            <td style="width: 34%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">001-39043</div>
            </td>
            <td style="width: 33%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">95-4547287</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33%; vertical-align: top;">
              <div style="text-align: center;">(State or other jurisdiction of incorporation or organization)</div>
            </td>
            <td style="width: 34%; vertical-align: top;">
              <div style="text-align: center;">(Commission File Number)</div>
            </td>
            <td style="width: 33%; vertical-align: top;">
              <div style="text-align: center;">(I.R.S. Employer Identification Number)</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zadc9ae9a4ccf41d1b9b2b11fcbcdf317">

          <tr>
            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">5055 Wilshire Boulevard Suite 500, Los Angeles, California</div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">90036</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center;">(Address of principal executive offices)</div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center;">(Zip Code)</div>
            </td>
          </tr>

      </table>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center;">Registrant&#8217;s telephone number, including area code:&#160; (<font style="font-weight: bold;">323) 634-1700</font></div>
      <div> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">NOT APPLICABLE</div>
      <div style="text-align: center;">(Former name or former address, if changed since last report)</div>
      <div>&#160;</div>
      <div style="text-align: justify;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zfe506d828f20425c956333cf886b4606">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><a name="Check1"></a>&#9746;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zdb9511a71b4b42c6af0b4605a4f30824">

          <tr>
            <td style="width: 36pt; vertical-align: top;">&#9744;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd9a814f5fa73458ea0c0e2bdb9ee705d">

          <tr>
            <td style="width: 36pt; vertical-align: top;">&#9744;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9aa41ea458ae445c8b9df25254b6200c">

          <tr>
            <td style="width: 36pt; vertical-align: top;">&#9744;</td>
            <td style="width: auto; vertical-align: top;">
              <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div>Securities registered pursuant to Section 12(b) of the Act:</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="ze88c90a2c4d64338b29a87b685dcbe25">

          <tr>
            <td style="width: 38%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Title of each class</div>
            </td>
            <td style="width: 0.96%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; text-indent: 4.2pt; font-weight: bold;">Trading Symbol(s)</div>
            </td>
            <td style="width: 0.96%; vertical-align: top;">&#160;</td>
            <td style="width: 35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Name of each exchange on which registered</div>
            </td>
          </tr>
          <tr>
            <td style="width: 38%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Common Stock, par value $0.01 per share (including attached preferred stock purchase rights)</div>
            </td>
            <td style="width: 0.96%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">BYFC</div>
            </td>
            <td style="width: 0.96%; vertical-align: top;">&#160;</td>
            <td style="width: 35%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">The Nasdaq Stock Market LLC</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div>Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#167;&#8201;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;&#8201;240.12b-2 of this
        chapter).</div>
      <div> <br>
      </div>
      <div style="text-align: right;">Emerging growth company &#9744;</div>
      <div>&#160;</div>
      <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
        Act. &#9744;</div>
      <div> <br>
      </div>
      <div>
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%2%%%-->
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z70c6db68257e495b9403a9159ef645ff">

          <tr>
            <td style="width: 45pt; vertical-align: top; font-weight: bold;">Item 8.01</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">Other Events.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify;">On March 17, 2021, Broadway Financial Corporation (&#8220;Broadway,&#8221; Nasdaq: BYFC) in Los Angeles, CA and CFBanc Corporation (&#8220;City First&#8221;) in Washington, D.C. announced today that their stockholders voted to approve the
        previously announced merger of equals of the two companies at the special meetings of their stockholders held today.&#160; A copy of the Press Release is attached as Exhibit 99.1.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf800b367b793415bbb494a9676535fd1">

          <tr>
            <td style="width: 45pt; vertical-align: top; font-weight: bold;">Item 9.01</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-weight: bold;">Financial Statements and Exhibits.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9badb139819f4d9abd687bf71868371a">

          <tr>
            <td style="width: 27pt; vertical-align: top;">(d)</td>
            <td style="width: auto; vertical-align: top;">
              <div>Exhibits</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za484e3ff82a6467e9e46004b3588bf82">

          <tr>
            <td style="width: 27pt; vertical-align: top; font-weight: bold;"><a href="brhc10021950_ex99-1.htm">99.1</a></td>
            <td style="width: auto; vertical-align: top;">
              <div>Press Release dated March 17, 2021.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="font-weight: bold;">Additional Information and Where to Find it</div>
      <div><br>
      </div>
      <div>This report does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any vote or approval. This report relates to a proposed business combination between the Company and
        CFBanc, as well as related potential private placements of common equity. In connection with the proposed transactions, the Company has filed with the SEC a registration statement on Form S-4 (the &#8220;Registration Statement&#8221;) that includes a joint
        proxy statement of the Company and CFBanc and a prospectus of the Company (the &#8220;Joint Proxy/Prospectus&#8221;). The Company also plans to file other relevant documents with the SEC regarding the proposed transactions. No offering of securities shall be
        made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation
        or sale would be unlawful. The definitive Joint Proxy/Prospectus has been mailed or otherwise provided to stockholders of the Company and CFBanc. INVESTORS AND SECURITY HOLDERS OF THE COMPANY AND CFBANC ARE URGED TO READ THE REGISTRATION STATEMENT,
        JOINT PROXY/PROSPECTUS AND OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS THAT MAY BE FILED, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
        TRANSACTIONS.</div>
      <div><br>
      </div>
      <div>Investors and security holders are able to obtain free copies of these documents and other documents containing important information about the Company and CFBanc through the website maintained by the SEC at <u>http://www.sec.gov</u>. Copies of
        the documents filed with the SEC by the Company are also available free of charge on the Company&#8217;s website at <u>https://www.broadwayfederalbank.com/financial-highlights</u>.&#160; Copies of the Registration Statement and the Joint Proxy/Prospectus can
        also be obtained free of charge by directing a request to Broadway Financial Corporation, 5055 Wilshire Boulevard Suite 500, Los Angeles, California 90036, Attention: Investor Relations, Telephone: (323) 556-3264, or by email to <u>investor.relations@broadwayfederalbank.com</u>,
        or to CFBanc Corporation, 1432 U Street, NW DC 20009, Attention: Audrey Phillips, Corporate Secretary, Telephone: (202) 243-7141.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center; margin-right: 0.75pt; margin-left: 0.75pt; font-weight: bold;">SIGNATURE</div>
      <div>&#160;</div>
      <div style="text-align: justify;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z556f830d891a4ef288c28d3e209a4476">

          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div>
                <div>Date:&#160; March 17, 2021</div>
              </div>
            </td>
            <td colspan="2" style="vertical-align: top;">
              <div>
                <div style="text-align: center; font-weight: bold;">BROADWAY FINANCIAL CORPORATION</div>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
              <div>
                <div>By:</div>
              </div>
            </td>
            <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>
                <div>/s/ Brenda J. Battey</div>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 47%; vertical-align: top;">
              <div>
                <div>Name: Brenda J. Battey</div>
                <div>Title: Chief Financial Officer</div>
              </div>
            </td>
          </tr>

      </table>
      <div><font style="font-weight: bold;"> </font><br>
      </div>
      <br>
      <div style="text-align: center;">&#160;<font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>brhc10021950_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: SUMMIT
         Document created using EDGARfilings PROfile 7.3.2.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
    <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit 99.1</font><br>
    </div>
    <div style="text-align: right;"><font style="font-weight: bold;"> <br>
      </font></div>
    <div>
      <div>
        <div style="text-align: center;"><img width="180" height="58" src="image0.jpg"><img width="187" height="38" src="image1.jpg"></div>
      </div>
      <div><br>
      </div>
      <div>Brenda Battey</div>
      <div><u>BBattey@broadwayfederalbank.com</u></div>
      <div>323.556.3264</div>
      <div><br>
      </div>
      <div>Gloria Nauden</div>
      <div><u>Gnauden@cityfirstbank.com</u></div>
      <div>202.528.9005</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Stockholders of Broadway Financial Corporation and CFBanc Corporation Approve Merger</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Merger of Equals Expected to Close April 1, 2021</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Transaction Will Create the Largest Black-Led Minority Depository Institution in the U.S.</div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-weight: bold;">WASHINGTON, DC and LOS ANGELES, CA</font>(March 17, 2021) &#8211; Broadway Financial Corporation (&#8220;Broadway,&#8221; Nasdaq: BYFC) in Los Angeles, CA and CFBanc Corporation (&#8220;City First&#8221;) in
        Washington, D.C. announced today that their stockholders voted to approve the previously announced merger of equals of the two companies at the special meetings of their stockholders held today.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">At the special meeting of Broadway&#8217;s stockholders over 73% of the 19,281,758 shares entitled to vote were cast and more than 99% of the shares voted were voted in favor of the merger with City First.&#160; In addition,
        the Broadway stockholders approved the five other proposals for which stockholder approval was sought, with more than 96% of the shares having been voted in favor of each proposal, including for the following:</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">approval of the amended and restated certificate of incorporation, including amendments to effect the conversion of Broadway to a &#8220;public benefit corporation&#8221;;</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">approval of an increase in the authorized number of shares of Broadway voting common stock, which will become Broadway Class A common stock upon completion of the merger; and</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">approval of proposed sales of up to 18,474,000 shares of Broadway common stock in private placements to institutional and accredited investors at a purchase price of $1.78 per share.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">At the special meeting of City First&#8217;s stockholders over 84% of the shares of each class of City First stock were cast and more than 99% of the shares voted in each class were voted in favor of the merger.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">City First and Broadway previously announced that they have received all regulatory approvals necessary for consummation of their merger.&#160; With stockholder approval now obtained, the merger is expected to close on
        April 1, 2021 and their previously announced private placements of common stock are expected to close a few days thereafter.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">Under the terms of the merger agreement, City First will merge with and into Broadway, with Broadway being the surviving corporation.&#160; Broadway Federal Bank, the wholly owned subsidiary of Broadway, will merge with
        and into City First Bank of D.C., National Association, the wholly owned subsidiary of City First, with City First Bank being the surviving bank.&#160; At the closing of the merger, City First common shareholders will receive 13.626 shares of Broadway
        voting or nonvoting common stock for each share of City First voting or nonvoting common stock they own, respectively, resulting in the historic Broadway stockholders owning approximately 52.5% and the historic City First shareholders owning
        approximately 47.5% of the combined institution.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Combining the two institutions will increase their collective commercial lending capacity for investments in multifamily affordable housing, small businesses, and nonprofit development in financially underserved
        urban areas, while creating a national platform for impact investors.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-style: italic; font-weight: bold;">About Broadway Financial Corporation</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Broadway conducts its operations through its wholly owned subsidiary, Broadway Federal Bank, which is the leading community-oriented savings bank in Southern California serving low-to-moderate-income communities.&#160;
        Broadway Federal Bank offers a variety of residential and commercial real estate loan products for consumers, businesses, and nonprofit organizations, other loan products and a variety of deposit products, including checking, savings and money
        market accounts, certificates of deposits, and retirement accounts.&#160; Broadway Federal Bank operates three full-service branches, two in the city of Los Angeles, and one located in the nearby city of Inglewood, California.&#160; For more information,
        please visit <u>www.broadwayfederalbank.com</u>.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Shareholders, analysts and others seeking information about Broadway are invited to write to:&#160; Broadway Financial Corporation, Investor Relations, 5055 Wilshire Blvd., Suite 500, Los Angeles, CA 90036, or visit
        Broadway&#8217;s website at <u>www.broadwayfederalbank.com</u>.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-style: italic; font-weight: bold;">About CFBanc Corporation</div>
      <div><br>
      </div>
      <div style="text-align: justify;">City First conducts its operations through its wholly owned subsidiary, City First Bank.&#160; Founded over 25 years ago in direct response to systemic disinvestment in our communities, City First has been an innovator
        and a financial first responder for equitable economic development in Washington, DC.&#160; Together with its affiliates, City First has invested over $1.4 billion as of December 31, 2020 with a vision to advance economic equity and social justice,
        impacting families and communities today and for generations to come.&#160; City First is part of a dedicated network of CDFIs and certified BCorps and is a member of the Global Alliance of Banking on Values, entities whose values are aligned with
        sustainable solutions, healthier families and more prosperous communities for our collective well-being.&#160; For more information, please visit <u>www.cityfirstbank.com.</u></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-style: italic; font-weight: bold;">Additional Information and Where to Find it</div>
      <div><br>
      </div>
      <div style="text-align: justify;">This communication does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any vote or approval.&#160; This communication relates to a proposed
        business combination (the &#8220;<u>Proposed Transaction</u>&#8221;) between Broadway and City First.&#160; In connection with the Proposed Transaction, Broadway filed a registration statement on Form S-4 (the &#8220;<u>Registration Statement</u>&#8221;) with the Securities
        and Exchange Commission (the &#8220;<u>SEC</u>&#8221;) that included a joint proxy statement of Broadway and City First and a prospectus of Broadway (the &#8220;<u>Joint Proxy/Prospectus</u>&#8221;).&#160; The Registration Statement was declared effective by the SEC on
        February 11, 2021 and Broadway and City First commenced mailing the definitive Joint Proxy/Prospectus to stockholders on or about February 16, 2021.&#160; Broadway has also filed other relevant documents with the SEC regarding the proposed transaction.&#160;
        INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM S-4, THE JOINT PROXY/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM S-4 AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC IN
        CONNECTION WITH THE PROPOSED TRANSACTION BECAUSE THESE DOCUMENTS DO AND WILL CONTAIN IMPORTANT INFORMATION BROADWAY, CITY FIRST AND THE PROPOSED TRANSACTION.</div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify;">Investors and security holders can obtain free copies of these documents and other documents containing important information about Broadway and City First through the website maintained by the SEC at <u>http://www.sec.gov</u>.&#160;
        Copies of the documents filed with the SEC by Broadway will also be available free of charge on Broadway&#8217;s website at <u>https:</u>//<u>www.broadwayfederalbank.com/financial-highlights</u>.&#160; Copies of the Registration Statement and the Joint
        Proxy/Prospectus can also be obtained free of charge by directing a request to Broadway Financial Corporation, 5055 Wilshire Boulevard Suite 500 Los Angeles, California 90036, Attention: Investor Relations, Telephone: 323-556-3264, or by email to
        investor.relations@broadwayfederalbank.com, or to CFBanc Corporation, 1432 U Street, NW D.C. 20009, Attention: Audrey Phillips, Corporate Secretary, Telephone: 202-243-7141.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">For more information on the merger please visit<font style="font-style: italic;">&#160;</font><u><font style="font-style: italic;">www.cityfirstbroadwaymerger.com</font></u><font style="font-style: italic;">.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-style: italic; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Information</div>
      <div><br>
      </div>
      <div style="text-align: justify;">This communication includes &#8220;forward-looking statements&#8221; within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995.&#160; Words such as &#8220;expect,&#8221; &#8220;estimate,&#8221;
        &#8220;project,&#8221; &#8220;budget,&#8221; &#8220;forecast,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;poised,&#8221; &#8220;believes,&#8221; &#8220;predicts,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; and similar expressions are intended to identify such forward-looking statements; however,
        the absence of these words does not mean the statements are not forward-looking.&#160; Forward-looking statements in this communication include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results,
        levels of activity, performance or achievements to differ materially from results expressed or implied by this communication.&#160; Such risk factors include, among others: the uncertainty as to the extent of the duration, scope and impacts
        oftheCOVID-19pandemic;political and economic uncertainty, including any decline in global economic conditions or the stability of credit and financial markets; the expected timing and likelihood of completion of the Proposed Transaction, the
        occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all or
        failure to close the Proposed Transaction for any other reason, risks related to disruption of management time from ongoing business operations due to the Proposed Transaction, the risk that any announcements relating to the Proposed Transaction
        could have adverse effects on the market price of Broadway Common Stock, the risk relating to the dilutive effect of shares of Broadway Common Stock to be issued in the Proposed Transaction and the private placements, the risk of any unexpected
        costs or expenses resulting from the Proposed Transaction, the risk of litigation relating to the Proposed Transaction, the risk of possible adverse rulings, judgments, settlements and other outcomes of pending litigation, the risk that the
        Proposed Transaction and its announcement could have an adverse effect on the ability of Broadway and City First to retain customers and retain and hire key personnel and maintain relationships with their customers and on their operating results
        and businesses generally, the risk the pending Proposed Transaction could distract management of both entities and that they will incur substantial costs, the risk that problems may arise in successfully integrating the businesses of the companies,
        which may result in the combined company not operating as effectively and efficiently as expected, or that the entities may not be able to successfully integrate the businesses, the risk that the combined company may be unable to achieve synergies
        or other anticipated benefits of the Proposed Transaction or it may take longer than expected to achieve those synergies or benefits and other important factors that could cause actual results to differ materially from those projected.&#160; All such
        factors are difficult to predict and are beyond the control of Broadway and City First.&#160; Additional factors that could cause results to differ materially from those described above can be found in Broadway&#8217;s annual reports on Form 10-K, quarterly
        reports on Form 10-Q, current reports on Form 8-K or other filings filed with the SEC that are available on Broadway&#8217;s website at <u>https:</u>//<u>www.broadwayfederalbank.com/financial-highlights</u> and on the SEC&#8217;s website at <u>http://www.sec.gov</u>.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Actual results may differ materially from those contained in the forward-looking statements in this communication.&#160; Forward-looking statements speak only as of the date they are made, and Broadway undertakes no
        obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this communication except to the extent required by law.&#160; You are cautioned not to place undue reliance on
        these forward-looking statements, which speak only as of the date of this communication.</div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="text-align: center;">###</div>
      <div> <br>
      </div>
    </div>
    <div><br>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image0.jpg
<TEXT>
begin 644 image0.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !6 .H# 2(  A$! Q$!_\0
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M/1#_ $-*ZO8RE6A&2BWJ>N4444S4**** "BBB@ HHHH **** "BBB@ HHHH
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MPMN8SH\U2-2^QXO\9[.ZN=>L&@MII5%J02D98#YCZ5Z#KT4C?#6ZB5&,AL
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)** "BBB@#__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>image1.jpg
<TEXT>
begin 644 image1.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  T /T# 2(  A$! Q$!_\0
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M@\X)(]NF.H^%.NZ9HG@GQ+)J%[;P$G*1O( TAV' 5>I)/I7E^C0276N:?;Q
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5 _C# _-Z,V<\8[^BBA"I;?UV1__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
