02.10.2004
BROADWAY FEDERAL BANK
FUNDS LOANS OF $100 MILLION DOLLARS IN 2003
AND STOCK INCREASES 40%

LOS ANGELES (February 10, 2004) – Broadway Federal Bank, f.s.b. (the “Bank”) announced that it had funded more than $100 million in loans and increased deposits $24 million in 2003. Broadway Financial Corporation (the “Company”) (NASDAQ Small-Cap: BYFC), the holding company of the Bank, also announced that the stock of the Company continued to rise, experiencing a stock increase of more than 40%. The Bank is the 10th largest, and only publicly traded African American bank west of the Mississippi.

President and CEO, Paul C. Hudson, announced at the January monthly meeting of Recycling Black Dollars, “The phenomenal performance of the Bank is due to its depositors, investors and the African American community. “Our community needs an institution that believes in them,” said Hudson. “Then when you need help to start a business, or buy a house, it helps to go to someone that knows you by name and knows your track record.”

Through a new strategic partnership with Metrociti mortgage, the Bank introduced the Broadway Metro Financial home lending program, an initiative designed to offer customers a full range of home loan financing options. The Bank is aggressively working to increase the number of opportunities for first-time and credit-challenged homebuyers. The program, which began in October, provides the Bank with a platform to enable more of its customers than ever before to obtain financing for home ownership.

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