LOS
ANGELES, March 10, 2025 /PRNewswire/ -- Broadway
Financial Corporation ("Broadway" or the "Company") (NASDAQ: BYFC),
parent company of City First Bank, National Association (the
"Bank"), is pleased to announce the appointment of Mary Hentges to its board of directors (the
"Board"), effective March 5, 2025, to
fill the vacancy on the Board after its size was increased to ten
directors.
Ms. Hentges will serve on the Audit Committee of the Board of
the Company and the Bank, and on the Risk and Compliance Committee
and Internal Asset Review Committee of the Bank. Ms. Hentges will
serve as a member of the class of directors of the Company whose
term expires at the Company's 2026 annual meeting of
stockholders.
"We are extremely excited to have Mary join our board of
directors," said Brian Argrett,
President and Chief Executive Officer. "Mary brings valuable
knowledge and experience to City First's outstanding board. Her
passions align with our mission which is instrumental as we
continue to focus on execution of our strategic goals and
objectives."
Ms. Hentges was recommended by the Company's Corporate
Governance Committee (the "Governance Committee") after a thorough
review of all of the candidates' education, experience, employment
and credentials. The Governance Committee conducted a formal search
for nominees and considered recommendations from Board members and
management of the Company.
Ms. Hentges has served as an Advisor for Jiko Group, Inc., an
online bank, since 2019. Previously, Ms. Hentges served as an
advising Chief Financial Officer for Noom, Inc., a digital health
company, through KongBasile LLC, from November 2022 to December
2023 and as the Interim Chief Financial Officer for
ShotSpotter, a precision-policing solutions company, from
October 2020 to January 2021. Ms. Hentges previously served as
the Chief Financial Officer of Yapstone, Inc., a financial services
company, from 2012 to 2014, the Chief Financial Officer of CBS
Interactive, a media company, from 2010 to 2012, and the Chief
Financial Officer of PayPal, Inc. from 2003 to 2010. Ms. Hentges
currently serves on the board of directors of Upstart Holdings,
Inc. (NASDAQ: UPST), Akili, Inc. (NASDAQ: AKIL), the Kaiser
Permanente Bernard J. Tyson School of Medicine, and the
Arizona State University Foundation.
Ms. Hentges holds a B.S. in Accounting from Arizona State University.
About Broadway Financial Corporation
Broadway Financial Corporation operates through its wholly-owned
banking subsidiary, City First Bank, National Association, which is
a leading mission-driven bank that serves low-to-moderate income
communities within urban areas in Southern California and the Washington, D.C. market.
About the City First Bank
City First Bank offers a variety of commercial real estate loan
products, services, and depository accounts that support
investments in affordable housing, small businesses, and nonprofit
community facilities located within low-to-moderate income
neighborhoods. City First Bank is a Community Development Financial
Institution, Minority Depository Institution, Certified B Corp, and
a member of the Global Alliance of Banking on Values.
Stockholders, analysts, and others seeking information about the
Company are invited to write to: Broadway Financial
Corporation, Investor Relations, 4601 Wilshire Boulevard, Suite
150, Los Angeles, CA 90010 or
contact Investor Relations at the phone number or email address
below.
Contacts
Investor Relations
Zack Ibrahim, Chief Financial
Officer, (202) 243-7100
Investor.relations@cityfirstbroadway.com
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SOURCE Broadway Financial Corporation
