8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 2, 2009

BROADWAY FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	000-27464	95-4547287
(State of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

4800 Wilshire Boulevard, Los Angeles, California 90010

(Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code: (323) 634-1700

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(c) Broadway Financial Corporation (“Company”), parent company of Broadway Federal Bank, f.s.b. (“Bank”) announced in a press release dated February 3, 2009 that Mr. Wayne-Kent A. Bradshaw, age 62, has joined the Bank as President and Chief Operating Officer effective February 2, 2009. He will not have a fixed term of office and will serve at the pleasure of the board of directors. Prior to joining the Bank, Mr. Bradshaw served as the Regional President and National Manager for the Community and External Affairs activities for Washington Mutual. His prior experience included service as President and Chief Executive Officer of Family Savings Bank and Founders National Bank.

Mr. Bradshaw’s annual base salary will be $195,000 and he will also be eligible for an annual bonus, which is targeted at 40% of his base salary. Mr. Bradshaw’s compensation package includes a severance provision of 30 months compensation for termination other than for cause. Mr. Bradshaw will be eligible to participate in the employee benefit programs (including medical, dental and other insurance programs) generally available to all full-time employees.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Press release dated February 3, 2009, announcing the appointment of Mr. Wayne-Kent A. Bradshaw as President and Chief Operating Officer.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BROADWAY FINANCIAL CORPORATION (Registrant)
Date: February 4, 2009	By:	/s/ Samuel Sarpong
		Samuel Sarpong Chief Financial Officer

EX-99.1

EXHIBIT 99.1

News Release

FOR IMMEDIATE RELEASE	Contact:	Paul C. Hudson, CEO
		Brittany Scott, Media Inquiries
		(323) 556-3225
		www.broadwayfederalbank.com

BROADWAY FEDERAL BANK

ANNOUNCES APPOINTMENT OF

WAYNE-KENT A. BRADSHAW

PRESIDENT AND CHIEF OPERATING OFFICER

LOS ANGELES, CA – (BUSINESS WIRE) – February 3, 2009 – Broadway Financial Corporation (“Company”) (NASDAQ Small-Cap: BYFC), the holding company of Broadway Federal Bank, f.s.b. (“Bank” or “Broadway”), today announced that Wayne-Kent A. Bradshaw has joined the Company as President and Chief Operating Officer of the Bank.

Paul C. Hudson, Chairman and CEO, stated, “Attracting a senior level executive with Wayne’s experience and talent will facilitate the continued growth and profitability of the Company by expanding the management resources and capabilities of the Bank.”

Mr. Bradshaw brings to Broadway over thirty-eight years of experience in financial management and banking, most recently as the Regional President and National Manager for the Community and External Affairs activities at Washington Mutual.

Mr. Bradshaw is an experienced community banker. He served as President and Chief Executive Officer of the Los Angeles based Family Savings Bank from 1989 until 2002, and prior to his leadership role at Family Savings, he served as President and Chief Executive Officer at Founders National Bank, also headquartered in Los Angeles. During his extensive banking career, Mr. Bradshaw held the position of Chief Deputy Superintendent for the California State Banking Department, as well as, key lending positions at Union Bank and Industrial Bank.

Bradshaw’s considerable financial management and community affairs relationship skills, coupled with his lending experience with real estate secured transactions, asset based financing, commercial and consumer loans make him uniquely qualified to help Broadway grow profitably and manage the Bank during these difficult economic times.

Bradshaw remarked, “I am very excited about returning to community banking and working with the Broadway team to manage the Bank to continued profitability and growth.”

Bradshaw currently serves on the board of the California State University, Northridge Foundation and the Northridge Hospital Medical Center Community Advisory Board and has previously served on the board of the California Bankers Association, the California Community Reinvestment Corporation, the Federal Reserve Board’s Consumer Advisory Council and the California Science Center Foundation.

Safe, Strong and Secure

The Los Angeles Business Journal ranked Broadway as one of the most profitable Los Angeles based banks. The Bank is celebrating its 62nd anniversary as a community-oriented savings bank, which primarily originates residential and commercial mortgage loans in the greater Los Angeles area. The Bank operates five full service branches, four 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.

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