United States

Broadway Financial announces repurchase of shares from U.S. Treasury

Friday, 23 Dec 2016 10:00am EST 

Broadway Financial Corp : United States department of treasury has sold 4.7 mln shares of company's voting common stock . As part of treasury's sales, First Republic Bank made a minority investment of $2.5 mln . Shares were sold at a price of $1.59 per share . Proceeds from sale of non-voting shares to finance a portion of shares it repurchased from treasury . Repurchased a total of 139,119 voting shares from Bank Of Hope and NCIF at repurchase price of $1.59 per share .Broadway Financial Corporation announces repurchase of shares from U.S. Treasury.