Broadway Financial Corporation Welcomes Mary Hentges to Its Board of Directors

Broadway Financial Corporation Welcomes New Board Member

On March 10, 2025, Broadway Financial Corporation (NASDAQ: BYFC), the parent company of City First Bank, made a significant announcement regarding its leadership. Mary Hentges has been appointed to their Board of Directors, effective March 5, 2025. This change comes as the Board expands its size to include ten directors, reflecting Broadway's commitment to strengthening its governance and leadership.

Mary Hentges is set to play a vital role within the organization. She will not only serve on the Audit Committee but also on the Risk and Compliance Committee and the Internal Asset Review Committee of City First Bank. Her term as a director is slated to last until the annual meeting of stockholders in 2026, where she will be part of the class of directors whose term expires.

Brian Argrett, President and CEO of Broadway Financial Corporation, expressed his enthusiasm regarding Hentges' appointment. He stated, "We are extremely excited to have Mary join our board of directors. Mary brings valuable knowledge and experience to City First's outstanding board. Her passions align with our mission, which is instrumental as we continue to focus on executing our strategic goals and objectives."

Hentges' career has spanned various esteemed positions, showcasing her rich expertise in financial management. Since 2019, she has been advising at Jiko Group, Inc., an innovative online bank. Her experience also includes serving as the consulting CFO for Noom, Inc., a leading digital health company, and previously, she held the position of Interim CFO at ShotSpotter, a precision-policing solutions provider. Additionally, she has impressive credentials as the former CFO of Yapstone, Inc., CBS Interactive, and PayPal, Inc., leading these organizations through different phases of growth and development.

Mary Hentges is not solely focused on her role at Broadway; she is also actively engaged with several organizations. She sits on the Board of Directors for Upstart Holdings, Akili, the Kaiser Permanente Bernard J. Tyson School of Medicine, and the Arizona State University Foundation, further highlighting her leadership capabilities and focus on community engagement.

With a Bachelor’s degree in Accounting from Arizona State University, Hentges embodies the academic and professional foundation required to navigate the complexities of contemporary financial institutions like Broadway Financial Corporation. The addition of her skills and background promises to strategically elevate Broadway's engagement with its customer base, primarily focusing on low-to-moderate income communities in Southern California and Washington, D.C.

Broadway Financial Corporation operates through its subsidiary, City First Bank, which prides itself on being a mission-driven bank dedicated to serving underrepresented regions. The bank provides a variety of commercial real estate loan products and services, emphasizing affordable housing and community support. City First is recognized as a Community Development Financial Institution (CDFI) and a Certified B Corporation, committed to positive social impacts.

As Broadway Financial Corporation continues to evolve and adapt, Mary Hentges’ involvement is expected to play a crucial role in steering the bank towards achieving its strategic goals. With her experienced guidance, the institution aims to not only fulfill its mission but also to expand its reach and deepen its impact within the communities it serves.

For stockholders, analysts, and other interested parties looking for more information, Broadway Financial Corporation encourages outreach through their Investor Relations department or by visiting their official website.