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Quotes & Info
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| BYFC > SEC Filings for BYFC > Form 8-K on 18-Jul-2012 | All Recent SEC Filings |
18-Jul-2012
Change in Directors or Principal Officers, Other Events, Financial S
Effective July 9, 2012, Mr. Wilbur McKesson, Chief Loan Officer of Broadway Federal Bank ("Bank"), the principal subsidiary of Broadway Financial Corporation (the "Company"), will assume the position of Loan Production Lead and will report to Mr. Norman Bellefeuille, the Bank's new Chief Loan Officer.
On June 5, 2012, the Bank completed the sale of its headquarters building, located at 4800 Wilshire Boulevard Los Angeles, CA 90010, to the Lebanese American Foundation, Inc. a California non-profit public benefit corporation, for a purchase price of $4.5 million. The sale agreement included a lease-back provision to the Bank for a six-month lease term at a monthly rent of $25,000.
The Company announced in a press release dated July 16, 2012 that Mr. Norman Bellefeuille has been appointed as Chief Loan Officer of the Bank effective July 9, 2012. He will not have a fixed term of office and will serve at the pleasure of the board of directors. Mr. Bellefeuille is a thirty-five year banking industry veteran, specializing in lending and real estate. Prior to joining the Bank, Mr. Bellefeuille served as the Lending Division Manager at Luther Burbank Savings. His prior experience includes service as Multifamily Lending Manager at CalNational Bank and Chief Lending Officer at OneUnited Bank and Family Savings Bank.
(c) Exhibits
99.1 Press Release, dated July 16, 2012, announcing Mr. Norman Bellefeuille's appointment as Chief Loan Officer of the Bank.
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