Brenda Battey Approved as New Chief Financial Officer for Broadway Financial Corporation

  Brenda Battey Approved as New Chief Financial Officer for Broadway Financial
  Corporation

Business Wire

LOS ANGELES -- April 19, 2013

Broadway Financial Corporation (the “Company” or “Broadway”) (NASDAQ Capital
Market: BYFC), the holding company of Broadway Federal Bank, f.s.b. (“Bank”),
today announced that Brenda Battey has been approved by the Federal Reserve
Bank of San Francisco as Chief Financial Officer (“CFO”) of the Company.

Wayne-Kent Bradshaw, President and CEO, said, “Brenda Battey adds extensive
financial and accounting experience to our management team, and a strong
knowledge base of accounting policies, standards and controls for the banking
industry. Her tenure as Controller/Senior Controller over the past 25 years at
First Federal Savings Bank of California, Community Bank and Bank of Manhattan
makes her an ideal fit for Broadway as we continue to pursue our
recapitalization, enhance our controls and procedures, and position the Bank
for profitable growth in the future. Brenda understands the financial issues
facing community-focused banks and has the experience to successfully manage
our financial and accounting needs as CFO.”

Ms. Battey is a Certified Public Accountant, and served as an auditor with
KPMG LLP for 4 years prior to becoming an executive in the banking industry.

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, a variety of deposit products, including checking,
savings and money market accounts, and certificates of deposits, and
retirement accounts. The Bank operates three full service branches, two in the
city of Los Angeles, and one in the nearby city of Inglewood, California.

Shareholders, analysts and others seeking information about the Company are
invited to write to: Broadway Financial Corporation, Investor Relations, 4800
Wilshire Blvd, Los Angeles, CA 90010, 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 publicly revise any forward-looking
statement to reflect any future events or circumstances.

Contact:

Broadway Financial Corporation
Wayne-Kent A. Bradshaw, Chief Executive Officer, (323) 556-3248
or
Brenda Battey, Chief Financial Officer, (323) 556-3264
Investor.relations@broadwayfederalbank.com