Broadway Financial Corporation (the “Company”) (NASDAQ Capital Market:
BYFC), parent company of Broadway Federal Bank, f.s.b. (the “Bank”),
today announced that Ruth McCloud has joined the Company and the Bank as
Senior Vice President, Chief Retail Banking Officer.
Wayne-Kent Bradshaw, President and Chief Executive Officer, said, “We
are pleased to report that Ruth McCloud has joined the senior management
team of both the Company and the Bank to help grow our retail
operations, deposit base and client relationships. She has an
outstanding track record of success and a wealth of experience that will
complement the expertise of the other members of the team. I am
confident that she will further develop our culture of great service
throughout our branches, thereby strengthening our existing
relationships and expanding our customer base.”
Ms. McCloud has extensive experience within the commercial banking
industry. Prior to joining the Bank, she served as Senior Vice President
/ Retail Division Officer at OneWest Bank since April 2011 where she was
responsible for managing and growing all facets of operating the
organization’s 75 retail branch offices. During her tenure her
accomplishments included integrating the retail operations of three
different banks onto a single, new, common operating platform.
Previously, Ms. McCloud served in various positions at First Federal
Bank of California for over 35 years, including most recently as Senior
Vice President / Division Service Manager from October 2005 to April
2011 where she was responsible for management, administration and
operational performance of the bank’s retail branches. As part of her
responsibilities, she developed and implemented strategies for improving
client service and expanding the branch network.
About Broadway Financial Corporation
Broadway Financial Corporation conducts its operations through its
wholly-owned subsidiary, Broadway Federal Bank, f.s.b., which is the
leading community-oriented savings bank in Southern California serving
low-to-moderate income communities. We offer a variety of residential
and commercial real estate loan products for consumers, businesses, and
non-profit organizations, other loan products, and a variety of deposit
products, including checking, savings and money market accounts,
certificates of deposits and retirement accounts. The Bank operates
three full service branches, two in the city of Los Angeles, and one
located in the nearby city of Inglewood, California.
Stockholders, analysts and others seeking information about the Company
are invited to write to: Broadway Financial Corporation, Investor
Relations, 5055 Wilshire Blvd., Suite 500, Los Angeles, CA 90036, or
visit our website at www.broadwayfederalbank.com.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based upon our management’s current
expectations, and involve risks and uncertainties. Actual results or
performance may differ materially from those suggested, expressed, or
implied by the forward-looking statements due to a wide range of factors
including, but not limited to, the general business environment, the
real estate market, competitive conditions in the business and
geographic areas in which the Company conducts its business, regulatory
actions or changes and other risks detailed in the Company’s reports
filed with the Securities and Exchange Commission, including the
Company’s Annual Reports on Form 10-K and Quarterly Reports on Form
10-Q. The Company undertakes no obligation to revise any forward-looking
statement to reflect any future events or circumstances, except to the
extent required by law.
Copyright Business Wire 2014