Broadway Financial Corporation (NasdaqCM:BYFC) announces a share repurchase program. Under the program, the company will repurchase up to 1,958,173 shares for $1.78 million, from the Federal Deposit Insurance Corporation. The shares will be repurchased at a price of $0.91 per share.

The shares will be repurchased from available cash on hand. The repurchased shares will be retired by the company.