Broadway Federal Bank

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.

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

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

• Community development banking
• Commercial lending services
• Affordable housing financing
• Treasury management solutions
• Personal banking products

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Emerging 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

• LinkedInlinkedin.com/company/broadway-federal-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Broadway Federal Bank