Company Leadership Changes - Ruth McCloud, Chief Operating Officer of Broadway Financial Corporation, will retire on March 31, 2025, after 10 years of service, contributing significantly to the Bank's growth and success [1][2] - John A. Allen has been appointed as Chief Banking Officer of City First Bank, effective January 13, 2025, in a newly created position to oversee key operational areas [3][4] Leadership Transition - Brian Argrett, President and CEO of Broadway, expressed gratitude for Ruth McCloud's contributions and emphasized the importance of a seamless transition of her responsibilities [2] - John A. Allen brings over 30 years of experience in the financial services industry, having held leadership roles at notable institutions such as Wells Fargo, Santander Bank, and Capital One Bank [4] Company Overview - Broadway Financial Corporation operates through its subsidiary, City First Bank, which focuses on serving low-to-moderate income communities in Southern California and the Washington, D.C. market [5][6] - City First Bank offers various commercial real estate loan products and services aimed at supporting investments in affordable housing and small businesses [6]
Broadway Financial Corporation Announces New Chief Banking Officer