LOS ANGELES BUSINESS JOURNAL: Broadway Financial Forms Country’s Largest Black-Led Bank

Hancock Park-based Broadway Financial Corp., the holding company for Broadway Federal Bank, and Washington D.C.-based CFBanc Corp. have announced plans to merge.

The deal will create the largest federally insured, Black-led commercial lending institution in the United States. It will have assets under management of more than $1 billion, according to the banks.

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