Market Report -- In Play (BYFC)

November 25, 2009 1:00 PM ET

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Stocks mentioned in this article: Broadway Financial Corp (Delaware) (BYFC) Stock Quote, Chart, News, Add to Watchlist
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Broadway Financial Corp. announces U.S. Treasury grants Broadway Financial Corporation exemption from warrant obligations Co announces that the United States Department of the Treasury has returned to the co the warrant to purchase 183,175 shares of the Company's common stock that was issued to the UST in conjunction with its purchase of the Company's Senior Preferred Stock, Series D on November 14, 2008 under the UST's Capital Purchase Program. The UST's release of its rights under the warrant did not involve any payment by the Company. Instead, the Company has been granted an exemption by the UST from the general warrant issuance requirements of the Capital Purchase Program because of its certification by the Community Development Financial Institution Fund as a Community Development Financial Institution.

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