Broadway Financial Corporation Inc. announced that its Board of Directors unanimously elected President and CEO Brian E. Argrett to the role of Board Chair of both Broadway and the Bank, effective April 1, 2023, on the two-year anniversary of the merger of equals of Broadway and CFBanc Corporation and their bank subsidiaries. The Board of Directors also unanimously elected current Board Chair Wayne-Kent A. Bradshaw as Vice Chair and reelected Marie C. Johns as Lead Independent Director. This transition realizes the governance succession plans established in connection with the merger to elevate Mr. Argrett to serve as Board Chair while continuing to serve as Chief Executive Officer.

Mr. Argrett served as a director and CEO of City First Bank from 2011 until the merger on April 1, 2021, and has served as Vice Chair and CEO of Broadway since the merger. Mr. Bradshaw served as Board Chair since the merger, and previously served as the Chief Executive Officer of Broadway since 2012. Ms. Johns was appointed Lead Independent Director upon the closing of the merger and formerly served as Board Chair of CFBanc Corporation from 2018 to 2021.

She is the owner of PPC-Leftwich, LLC, a business development, organizational effectiveness, and public policy consulting practice, which is based in Washington, D.C.