Broadway Financial Corporation Announces Election of John Driver to Board of Directors | News
LOS ANGELES–(BUSINESS WIRE)–May 13, 2022–
Broadway Financial Corporation (“Broadway” or the “Company”) (NASDAQ Capital Market: BYFC) today announced that the Board of Directors (the “Board”) of Broadway has elected Mr. John Driver to the Board, effective of May 13, 2022, to fill a vacancy on the Board of Directors.
Mr. Driver is currently Chairman and Chief Executive Officer of Lynx Technology, an IoT (Internet of Things) and smart home digital media technology company that powers a range of consumer electronics products, it acquired through a management buyout in 2015 from PacketVideo, a subsidiary of Japanese public company, NTT DOCOMO. Previously, he was COO and CMO of PacketVideo, and co-founder and CEO of JoynIn. His professional experience also includes senior marketing positions at Calico Commerce, Serena Software and Sun Microsystems. Mr. Driver began his professional career as an auditor at Arthur Young & Co. (now Ernst & Young) and a financial analyst at Hewlett-Packard.
He has a long history of community service through his position as Chairman of the Board of Trustees of the Fleet Science Center in San Diego and President of the Stanford Multicultural Alumni Club of San Diego. Previously, he served as Chairman of the Board of Governors of Stanford Associates at Stanford University, and Board Member and Chair of Marketing for YMCA San Diego Overnight Camps.
Mr. Driver holds an MBA from Dartmouth College’s Tuck School of Business and a BS in Industrial Engineering from Stanford University.
As part of Mr. Driver’s election to the Broadway Board of Directors, Mr. Driver was appointed to the Audit Committee and Corporate Governance Committee of the Board of Directors of the company and its subsidiary wholly-owned, City First Bank, National Association (the “Bank”), and the Bank’s Risk and Compliance Committee. Mr. Driver will be a member of the Company’s director class whose term expires at the Company’s 2022 annual meeting of shareholders.
Mr. Driver was appointed by the Corporation’s Corporate Governance Committee (the “Committee”) after a thorough review of his background, relevant experience and professional and personal reputation, compared to other nominees that the Committee has examined. The committee conducted a formal search for candidates and reviewed recommendations from Broadway board members and management.
Chief Executive Brian Argrett said, “We are very pleased to announce that Mr. Driver has joined the Broadway and Bank Board of Directors. He is a talented and experienced executive whose experience includes developing and executing C-level business strategies, marketing and technology expertise, financial acumen and a commitment to community service. I believe he will be a valuable resource to the Broadway Board of Directors and the Bank, as well as to our management team.
About Broadway Financial Corporation
Broadway Financial Corporation operates through its wholly owned banking subsidiary, City First Bank, National Association, which is a leading community bank in the Southern California and Washington, D.C. market, serving the low to moderate income communities. We offer a variety of residential and commercial real estate loan products for consumers, businesses and not-for-profit organizations, other lending products and a variety of deposit products, including checking accounts, credit and debit accounts. savings and money market, certificates of deposit and retirement accounts. .
Shareholders, analysts and others seeking information about the Company should write to: Broadway Financial Corporation, Investor Relations, 4601 Wilshire Boulevard, Suite 150, Los Angeles, CA 90010.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220513005500/en/
CONTACT: Investor Relations
Brenda J. Battey, Chief Financial Officer, (323) 556-3264
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
SECTOR KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: Broadway Financial Corporation
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PUBLISHED: 05/13/2022 16:15 / DISK: 05/13/2022 16:16
http://www.businesswire.com/news/home/20220513005500/en