RESPONSE TO SALE RUMORS

Paul C. Hudson, Chairman and CEO, Broadway Federal Bank

In response to rumors that Broadway Federal Bank has been sold, Chairman and Chief Executive Officer Paul C. Hudson emphatically stated, “Broadway Federal Bank has not been sold.”  He went on to explain that as a publicly traded company Broadway must report any pending sale of the Bank to the Securities and Exchange Commission and issue a press release and Broadway has not filed such a report or issued such a press release.

Broadway Federal has been serving the community for nearly 65 years, and we take enormous pride in being a safe, sound, secure institution.  We look forward to continuing to serve the savings and loan needs of our neighbors as we all face the challenges of our country’s current economic climate.  As always, “we’re in this together.”

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