Broadway Federal Bank
Broadway Federal Bank, operating as City First Bank, is a publicly traded (Nasdaq: BYFC) community development commercial bank serving mission-driven nonprofits, affordable housing developers, small-to-mid-size businesses, and individuals in underbanked markets across Los Angeles and Washington, DC.
- Company typePublic
- Founded1990
- HeadquartersLos Angeles, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Broadway Federal Bank does
Broadway Federal Bank is a Los Angeles-based, publicly traded savings and loan holding company (Nasdaq: BYFC) that operates through its wholly-owned subsidiary, City First Bank, a federally chartered community development commercial bank. Founded in 1947 and headquartered in Los Angeles with a secondary branch in Washington, DC, the bank is purpose-built to serve low- and moderate-income communities, mission-driven nonprofits, affordable housing developers, and small-to-mid-size businesses that have historically had limited access to traditional commercial banking services. The company rebranded to City First Bank in 2020 following its acquisition by Broadway Financial Corporation.
The product platform is organized into three layers: (1) commercial banking — checking, savings, treasury management, and customized lending including term loans, commercial real estate loans, SBA-guaranteed loan pathways, and green lending through the PACE program; (2) small business and personal banking — checking, savings, credit cards, and Zelle-enabled P2P payments; and (3) ancillary services through the City First Enterprises subsidiary. The technology stack is described as standard commercial banking infrastructure with digital and mobile banking, and the bank is a member of a nationwide ATM network providing access to over 100,000 ATMs. The bank employs 51–100 people and operates as a CDFI-aligned institution.
Revenue is generated primarily through net interest income on the loan portfolio (term loans, commercial real estate, SBA, PACE) net of interest paid on deposits, supplemented by deposit-related fees, treasury management fees, and interchange from credit card products. In Q1 2026, net interest margin improved 12 basis points to 2.75%, deposits grew 16.9% to a $155.5M increase, loans grew 4.2% to a $42.7M increase, and the company returned to profitability with $1.2M in consolidated net income versus a $2.7M loss in Q1 2025. The bank's GTM motion is relationship-based and community-anchored, combining physical branches in DC and Los Angeles with digital banking channels and mission-aligned investor communications.
Broadway Federal Bank firmographics
Firmographics- Name
- Broadway Federal Bank
- Legal name
- CityFirstBank
- Website
- https://broadwayfederalbank.com
- Company type
- Public
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Broadway Federal Bank, operating as City First Bank, is a publicly traded (Nasdaq: BYFC) community development commercial bank serving mission-driven nonprofits, affordable housing developers, small-to-mid-size businesses, and individuals in underbanked markets across Los Angeles and Washington, DC.
- Ownership category
- akta.pro rank
Broadway Federal Bank industry classification
Industry- Product category
- Community Development Banking
- NAICS
- Savings Institutions and Other Depository Credit Intermediation (522180), Commercial Banking (522110), Offices of Bank Holding Companies (551111)
- SIC
- Savings Institution, Federally Chartered (6035), National Commercial Banks (6021)
- akta.pro primary industry
- Savings Banks (Public/State-Owned) (FSABAKAK)
- akta.pro secondary industries
- Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
Keywords
Where Broadway Federal Bank is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Broadway Federal Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Net Interest Income: Traditional bank interest income from loan portfolio (term loans, commercial real estate loans, SBA-guaranteed loans, PACE green lending) minus interest paid on deposits. Primary revenue driver representing core banking operations.
- Deposit Operations: Interest-bearing and non-interest-bearing deposit accounts (checking, savings) generating fee income and enabling lending capacity. Deposits grew 16.9% ($155.5 million) in Q1 2026.
- Commercial Banking Services: Treasury management, digital banking, and client experience services for commercial customers including business checking, savings, and credit card products.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Broadway Federal Bank product offering
Product offeringCore offering
City First Bank is a mission-driven commercial bank offering deposit accounts, lending products, treasury management, and digital banking services to community-based nonprofits, affordable housing developers, small to mid-size businesses, and individual consumers. Its portfolio includes commercial and personal checking and savings accounts, business and personal credit cards, term loans, commercial real estate loans, SBA-guaranteed loan pathways, and green lending through the PACE program, supported by 24/7 online and mobile banking with Zelle integration.
Product overview
City First Bank operates as a mission-driven commercial bank offering a unified platform of banking products designed to serve businesses, nonprofits, and individuals with limited access to traditional banking services. The product portfolio includes commercial checking, savings, lending, and treasury products alongside retail business and personal banking services. All offerings are connected through digital banking channels and are designed to channel capital into underinvested communities. The bank also provides access to over 100,000 ATMs nationwide and offers Zelle payment integration for both business and consumer accounts.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Checking Products Checking accounts designed for commercial clients including businesses and nonprofits, offering features for deposit management, transaction handling, and treasury services.
- Commercial Savings Products Savings accounts for commercial clients to deposit funds and earn interest while supporting community development initiatives.
- Commercial Lending Products Customized financing solutions including term loans, commercial real estate loans, SBA-guaranteed loan pathways, and green lending through the PACE program for businesses and affordable housing developers.
- Commercial Treasury Products Treasury management services for commercial clients to optimize cash flow, manage liquidity, and support financial operations.
- Business Checking Products Checking accounts tailored for growing businesses with digital banking capabilities and competitive features.
- Business Savings Products
- Business Digital Banking Online and mobile banking platform for business customers providing account management, transactions, and digital convenience available 24/7.
- Business Credit Card Credit card products designed for business spending and expense management.
- Personal Checking Products Personal checking accounts offering digital banking access and everyday banking functionality for individual consumers.
- Personal Savings Products Personal savings accounts for individual depositors with competitive rates.
- Personal Credit Cards Credit card products for personal use with various rewards and features for individual consumers.
- Personal Digital Banking Online and mobile banking for personal customers including mobile check deposit and 24/7 account access.
- City First Enterprises A subsidiary organization offering additional services and products extending beyond traditional banking.
Quantifiable outcome
- Deposits grew 16.9% ($155.5 million) in Q1 2026
- +4 more outcomes
Companies that use Broadway Federal Bank
Customer profileSegments3 records
Ideal customer profiles3 records
Broadway Federal Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Broadway Federal Bank partnerships and signals
Strategic signalScale indicators7 records
Recent moves6 records
Expansion highlights5 records
Broadway Federal Bank competitors and assessment
Company assessmentEmerging players
- Self-Help Federal Credit Union: CDFI and community development credit union serving low-wealth communities across the U.S. with similar mission-aligned deposit and lending products, providing a structural — if not for-profit-bank — comparison.
- Hope Credit Union: CDFI and community development financial institution serving Deep South underserved markets with deposits and small-business lending; comparable mission and target customer profile with scaled geographic distinction.
Direct peers
- Sunrise Banks: Certified Community Development Financial Institution (CDFI) bank focused on economic empowerment and underserved markets — directly comparable in mission, community lending, and deposit-gathering strategy.
- National Cooperative Bank: Cooperatively structured bank serving mission-driven organizations, nonprofits, and housing developers; directly comparable client base and community-development lending portfolio.
- Amalgamated Bank: Values-based, B-Corp certified commercial bank serving advocacy organizations, nonprofits, and progressive businesses — offering commercial deposit and lending products with a similar mission-driven positioning to Broadway Federal.
- Pacific City Bank: Korean-American community bank headquartered in Los Angeles serving small-to-mid-sized businesses and nonprofit communities; operates in the same LA geography with comparable SMB and community-development focus.
- Beneficial State Bank: Mission-driven community development bank serving low-income communities with commercial lending, deposits, and impact-focused products — directly comparable to City First Bank's CRA-aligned, nonprofit-affordable-housing focus.
Broad incumbents
- Bank of America: National commercial bank offering commercial deposit, lending, and treasury products across both LA and DC markets — relevant scale benchmark and competitive reference for community-bank deposit gathering.
- City National Bank (California): Established California-based commercial bank with branch presence in Los Angeles; offers commercial lending and treasury management at much greater scale, providing a relevant LA-market incumbent reference point.
- JPMorgan Chase: Largest U.S. commercial bank with a Community Development Banking arm that competes directly for the same mission-driven depositors, nonprofit clients, and CRA-aligned lending opportunities as City First.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Broadway Federal Bank social profiles
Digital presenceBroadway Federal Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Broadway Federal Bank leadership team
Management profileNumber of profiles
Profiles4 records
Broadway Federal Bank subsidiaries and ownership
Company hierarchySubsidiaries1 record
Broadway Federal Bank funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Broadway Federal Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Broadway Federal Bank
What does Broadway Federal Bank do?
City First Bank is a mission-driven commercial bank offering deposit accounts, lending products, treasury management, and digital banking services to community-based nonprofits, affordable housing developers, small to mid-size businesses, and individual consumers. Its portfolio includes commercial and personal checking and savings accounts, business and personal credit cards, term loans, commercial real estate loans, SBA-guaranteed loan pathways, and green lending through the PACE program, supported by 24/7 online and mobile banking with Zelle integration.
Is Broadway Federal Bank a public or private company?
Broadway Federal Bank is a public company. It is classified as public and is currently operating.
When was Broadway Federal Bank founded?
Broadway Federal Bank was founded in 1990. It employs 51 to 100 people.
Where is Broadway Federal Bank based?
Broadway Federal Bank is headquartered in Los Angeles, United States, in the North America region.
How does Broadway Federal Bank make money?
Three revenue lines are on record. Net Interest Income is the primary driver. The others are deposit Operations and commercial Banking Services.
Who are Broadway Federal Bank's main competitors?
Emerging players on record are Self-Help Federal Credit Union and Hope Credit Union. Direct peers are Sunrise Banks, National Cooperative Bank, Amalgamated Bank, Pacific City Bank and Beneficial State Bank. Broad incumbents are Bank of America, City National Bank (California) and JPMorgan Chase.
Does Broadway Federal Bank have an API?
No public API is recorded for Broadway Federal Bank.
What industry is Broadway Federal Bank in?
Broadway Federal Bank's product category is Community Development Banking. Its primary akta.pro industry code is FSABAKAK, Savings Banks (Public/State-Owned), with a secondary code of FSABAAAI, Small Business Banking (Microbusiness/Sole Proprietor). Its NAICS code is 522180 and its SIC code is 6035.