Broadway Financial Corporation Announces Fourth Quarter Dividend

Business Wire, Dec 28, 2006

LOS ANGELES -- First graph, second sentence of release dated Dec. 27, 2006 should read: A dividend of $0.05 cents per share of the Company's Common Stock will be paid on January 31, 2007 to stockholders of record as of January 8, 2007 (sted A dividend of $0.05 cents per share of the Company's Common Stock will be paid on January 31, 2006 to stockholders of record as of January 8, 2006).

The corrected release reads:

BROADWAY FINANCIAL CORPORATION ANNOUNCES FOURTH QUARTER DIVIDEND

Broadway Financial Corporation ("Company") (NASDAQ:BYFC), the holding company of Broadway Federal Bank, f.s.b. ("Bank"), today announced that its Board of Directors has approved the payment of the Company's cash dividend for the fourth quarter. A dividend of $0.05 cents per share of the Company's Common Stock will be paid on January 31, 2007 to stockholders of record as of January 8, 2007.

Broadway Federal Bank is a community-oriented savings bank, which primarily originates residential mortgage loans in the Los Angeles geographic areas known as Mid-City and South Central. The Bank operates four full service branches, three in the city of Los Angeles, and one in the nearby city of Inglewood, California. Shareholders, analysts and others seeking information about the Company or the Bank 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.