Broadway Financial Corporation Announces Appointment of Candis Hurdle Noel as Senior Vice President/Chief Retail Banking Officer Broadway Federal Bank, the Oldest African-American Bank West of the Mississippi

Business Wire, Nov 8, 2006

LOS ANGELES -- Broadway Financial Corporation ("Company") (NASDAQ:BYFC), the holding company of Broadway Federal Bank, f.s.b. ("Bank" or "Broadway"), today announced that Candis Hurdle Noel has joined the Company as Senior Vice President and Chief Retail Banking Officer of the Bank.

F. Glenn Harvey, President, stated, "We are very fortunate to have Candis join our Senior Management team at Broadway Federal. Candis brings to Broadway over twenty-five successful years of large commercial bank experience, most recently as a senior level private banker in Beverly Hills. Candis is charged with leading our retail branch efforts in their drive to materially increase Broadway's core deposit relationships." He went on to add, "Broadway will benefit from Candis' treasury management experience as she is also responsible for crafting and management of our treasury management suite of products. She has embraced our six decade legacy and mission, and I am confident her commitment to client retention, as well as her engaging personality and individual enthusiasm, will positively impact our retail banking efforts."

Ms. Noel most recently was employed at Comerica Bank in Beverly Hills. For over fourteen years, she exhibited a broad knowledge of banking services on both the deposit and loan sides, including regulatory compliance requirements, development of policies and procedures, the service and management for the private banking and retail segment.

While at Comerica, she rose through the ranks from Assistant Vice President/Senior Operations Officer to Vice President/Regional Operations Manager, and finally Vice President, Regional Deposit Officer. Prior to that, she worked at First Interstate Bank for over thirteen years in various positions.

Ms. Noel states, "I look forward to bringing my organizational skills, team building concepts, and relationship management tools to Broadway in an effort to help the Bank grow its core deposit base. I am committed to the Bank's mission, and its legacy of service and commitment to the community."

Broadway Federal Bank, celebrating its 60th anniversary in January, is a community-oriented savings bank, which primarily originates residential and commercial mortgage loans in the greater Los Angeles area. 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.