City First Bank Welcomes John A. Allen as Chief Banking Officer

City First Bank, a subsidiary of Broadway Financial Corporation (NASDAQ: BYFC) and the largest Black-led Minority Depository Institution in the United States, has appointed John A. Allen as its new Chief Banking Officer.

This newly created role reflects the bank’s ongoing commitment to growth, operational excellence, and mission-driven banking.

John, who joined City First Bank on January 13, 2025, will oversee Commercial Sales and Banking, Credit Administration, Operations, and Retail. With over 30 years of experience in financial services, including senior roles at Wells Fargo, Santander Bank, and Capital One Bank, John brings a wealth of expertise to this strategic position.

“We are absolutely thrilled to have John join our team,” said Brian Argrett, President and CEO of Broadway Financial Corporation. “His experience and leadership will be critical as City First Bank continues to grow and serve its communities.”

As of December 31, 2022, City First Bank reported total assets of $1.2 billion and deployed $304 million in capital, with 69% allocated to mission lending.

About Broadway Financial Corporation:
Broadway Financial Corporation operates through City First Bank, a mission-driven financial institution serving low-to-moderate income communities in Southern California and Washington, D.C. City First Bank is a Community Development Financial Institution, Minority Depository Institution, Certified B Corp, and a member of the Global Alliance for Banking on Values.