Attached files
| file | filename |
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| 8-K - 8-K - BROADWAY FINANCIAL CORP \DE\ | a13-20811_18k.htm |
Exhibit 99.1
By Electronic Delivery to: BBattey@broadwayfederalbank.com
September 16, 2013
Ms. Brenda J. Battey
Chief Financial Officer
Broadway Financial Corporation
5055 Wilshire Boulevard, Suite 500
Los Angeles, CA 90036
Re: Broadway Financial Corporation (the “Company”)
Nasdaq Symbol: BYFC
Dear Ms. Battey:
On January 3, 2013, Staff notified the Company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market. Since then, Staff has determined that for the last 10 consecutive business days, from August 30, 2013 to September 13, 2013, the closing bid price of the Company’s common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed.
If you have any questions, please contact Pamela Morris, Lead Analyst, at +1 301 978 8053.
Sincerely,
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/s/ Randy Genau |
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Randy Genau |
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Director, Listing Qualifications
The NASDAQ Stock Market, LLC
The NASDAQ Stock Market LLC · 805 King Farm Blvd. · Rockville, MD 20850 · USA · www.nasdaqomx.com