UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549


                                    FORM 8-K

                                 CURRENT REPORT


     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported) March 18, 2004


                         Broadway Financial Corporation
             (Exact name of registrant as specified in its charter)

                               Delaware 95-4547287
           (State of Incorporation) (IRS Employer Identification No.)

             4800 Wilshire Boulevard, Los Angeles, California 90010
                    (Address of Principal Executive Offices)

                                 (323) 634-1700
                (Issuer's Telephone Number,Including Area Code)


                                 NOT APPLICABLE
          (Former name or former address, if changed since last report)

                                     <PAGE>


     Item 5. Other Events and Regulation FD Disclosure

     On March 18, 2004,  Broadway  Financial  Corporation issued a Press Release
     announcing a securities  purchase  from Hot Creek Capital and proposed sale
     of securities  to Cathay  General  Bancorp.  A copy of the Press Release is
     attached as Exhibit 99.1.



                                   SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
     registrant has duly caused this report to be signed on its behalf by the
     undersigned hereunto duly authorized.



                                    BROADWAY FINANCIAL CORPORATION
                                            (Registrant)


     Date:  March 18, 2004         /s/  Alvin D. Kang
                                   ---------------------------------------------
                                                   (Signature)

                                   Name:  Alvin D. Kang
                                          Chief Financial Officer



                                        2
<PAGE>





                                  EXHIBIT INDEX



        Exhibit No.                  Exhibit                    Page No.
        -----------                  -------                    --------
           99.1                   Press Release                     4



                                        3
<PAGE>



News Release

FOR IMMEDIATE RELEASE              Contact: Paul C. Hudson, President/CEO
                                            Alvin D. Kang, CFO
                                            (323) 634-1700
                                            www.broadwayfed.com


          BROADWAY FINANCIAL CORPORATION ANNOUNCES SECURITIES PURCHASE
             FROM HOT CREEK CAPITAL AND PROPOSED SALE OF SECURITIES
                           TO CATHAY GENERAL BANCORP

LOS ANGELES, CA - BROADWAY FINANCIAL CORPORATION (NASDAQ: BYFC) (the "Company"),
the holding company for Broadway  Federal Bank,  f.s.b.,  reported today that it
has  purchased  the holdings of Hot Creek  Ventures 1, L.P.  and its  affiliates
("Hot Creek") in BYFC common stock,  consisting of 410,312 shares, at a price of
$14.00  per share and Hot Creek has  agreed,  with  certain  exceptions,  not to
acquire  shares of BYFC stock in the future.  The Company also  announced it has
signed  a stock  purchase  agreement  with  Cathay  General  Bancorp  ("Cathay")
providing  for the sale by the  Company of up to 215,000  shares of BYFC  common
stock to Cathay at a price of $13.50 per share,  subject to receipt by Cathay of
required regulatory  approval for the transaction,  and that the Company intends
to make a public  tender  offer for up to 183,251  shares of its  common  stock,
constituting  10% of BYFC's common shares  outstanding at December 31, 2003 at a
price of $14.00 per share  upon  completion  of the stock  sale to  Cathay.  The
agreement  with Cathay  contains a standstill  provision  under which Cathay has
agreed not to acquire additional shares of BYFC stock.

The  Company  further  reported  that it has issued $6  million of  subordinated
debentures in a private  placement for the purpose of funding the  repurchase of
shares from Hot Creek.

The Company believes that these  transactions  will be accretive to earnings per
share.   Broadway  Federal  Bank,   f.s.b.,   will  maintain  its  status  as  a
well-capitalized  institution  under  applicable  government  regulations  after
completion of the transactions.

The tender offer will be completed  after  Cathay  makes its  investment  in the
Company,  which is expected to be within the next 60-90 days,  depending  on the
time required for Cathay to receive regulatory approval for its investment.

BYFC shares traded in the range of $13.00 to $15.00 per share between January 1,
2004 and March 15,  2004,  with an  average  price per share  over the period of
$13.87. The average daily trading volume of Broadway shares over the same period
was 1,420 shares.


                                        4
<PAGE>


Broadway  Federal Bank,  f.s.b.  is a  community-oriented  savings  bank,  which
primarily  originates  residential mortgage loans and conducts funds acquisition
in the  geographic  areas  known as  Mid-City  and South Los  Angeles.  The Bank
operates  four full service  branches,  three in the city of Los Angeles and one
located in the nearby city of Inglewood, California.

Certain  matters  discussed in this news release may constitute  forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995.  These   forward-looking   statements   relate  to,  among  other  things,
expectations  regarding the business  environment in which the Company operates,
projections of future  performance,  perceived  opportunities in the market, and
statements regarding strategic objectives.  These forward-looking statements are
based upon current management  expectations and involve risks and uncertainties.
Actual  results or  performance  may  differ  materially  from those  suggested,
expressed,  or  implied  by  forward-looking  statements  due to a wide range of
factors,  including,  but not limited to, the general business environment,  the
real estate market,  competitive conditions in the business and geographic areas
in which the Company  conducts its business,  regulatory  actions or changes and
other risks  detailed in the  Company's  reports filed with the  Securities  and
Exchange  Commission,  including the Company's Annual Reports on Form 10-KSB and
Quarterly Reports on Form 10-QSB.

Shareholders,  analysts,  and others seeking  information  about the Company are
invited to write to: Broadway Financial  Corporation,  Investor Relations,  4800
Wilshire Blvd., Los Angeles, CA 90010.

Additional  Legal Information:

This press release is for informational purposes only and is not an offer to buy
or a solicitation  of an offer to sell any shares of the Company.  The Company's
proposed  tender offer will be made solely by the Offer to Purchase,  which will
be mailed to  shareholders.  Shareholders  and  investors are urged to carefully
read the Offer to Purchase,  when it becomes  available.  These  materials  will
contain  important  information  about the offer including the various terms and
conditions to the offer.

Shareholders will be able to obtain a free copy of the Tender Offer Statement on
Schedule  TO, the Offer to Purchase  and other  documents  that the Company will
file with the Securities and Exchange Commission at the Commission's  website at
www.sec.gov. Shareholders will also be able to obtain a copy of these documents,
without charge,  from the Company at its Investor  Relations  address  indicated
above.

                                        5
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UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported) March 18, 2004

                         Broadway Financial Corporation
             (Exact name of registrant as specified in its charter)

                               Delaware 95-4547287
           (State of Incorporation) (IRS Employer Identification No.)

             4800 Wilshire Boulevard, Los Angeles, California 90010
                    (Address of Principal Executive Offices)

                                 (323) 634-1700
                (Issuer's Telephone Number,Including Area Code)

                                 NOT APPLICABLE
          (Former name or former address, if changed since last report)
Item 5. Other Events and Regulation FD Disclosure

     On March 18, 2004,  Broadway  Financial  Corporation issued a Press Release
     announcing a securities  purchase  from Hot Creek Capital and proposed sale
     of securities  to Cathay  General  Bancorp.  A copy of the Press Release is
     attached as Exhibit 99.1.

                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
     registrant has duly caused this report to be signed on its behalf by the
     undersigned hereunto duly authorized.

                                    BROADWAY FINANCIAL CORPORATION
                                            (Registrant)

     Date:  March 18, 2004         /s/  Alvin D. Kang
                                   ---------------------------------------------
                                                   (Signature)

                                   Name:  Alvin D. Kang
                                          Chief Financial Officer

                                        2
EXHIBIT INDEX

        Exhibit No.                  Exhibit                    Page No.
        -----------                  -------                    --------
           99.1                   Press Release                     4

                                        3
News Release

FOR IMMEDIATE RELEASE              Contact: Paul C. Hudson, President/CEO
                                            Alvin D. Kang, CFO
                                            (323) 634-1700
                                            www.broadwayfed.com

          BROADWAY FINANCIAL CORPORATION ANNOUNCES SECURITIES PURCHASE
             FROM HOT CREEK CAPITAL AND PROPOSED SALE OF SECURITIES
                           TO CATHAY GENERAL BANCORP

LOS ANGELES, CA - BROADWAY FINANCIAL CORPORATION (NASDAQ: BYFC) (the "Company"),
the holding company for Broadway  Federal Bank,  f.s.b.,  reported today that it
has  purchased  the holdings of Hot Creek  Ventures 1, L.P.  and its  affiliates
("Hot Creek") in BYFC common stock,  consisting of 410,312 shares, at a price of
$14.00  per share and Hot Creek has  agreed,  with  certain  exceptions,  not to
acquire  shares of BYFC stock in the future.  The Company also  announced it has
signed  a stock  purchase  agreement  with  Cathay  General  Bancorp  ("Cathay")
providing  for the sale by the  Company of up to 215,000  shares of BYFC  common
stock to Cathay at a price of $13.50 per share,  subject to receipt by Cathay of
required regulatory  approval for the transaction,  and that the Company intends
to make a public  tender  offer for up to 183,251  shares of its  common  stock,
constituting  10% of BYFC's common shares  outstanding at December 31, 2003 at a
price of $14.00 per share  upon  completion  of the stock  sale to  Cathay.  The
agreement  with Cathay  contains a standstill  provision  under which Cathay has
agreed not to acquire additional shares of BYFC stock.

The  Company  further  reported  that it has issued $6  million of  subordinated
debentures in a private  placement for the purpose of funding the  repurchase of
shares from Hot Creek.

The Company believes that these  transactions  will be accretive to earnings per
share.   Broadway  Federal  Bank,   f.s.b.,   will  maintain  its  status  as  a
well-capitalized  institution  under  applicable  government  regulations  after
completion of the transactions.

The tender offer will be completed  after  Cathay  makes its  investment  in the
Company,  which is expected to be within the next 60-90 days,  depending  on the
time required for Cathay to receive regulatory approval for its investment.

BYFC shares traded in the range of $13.00 to $15.00 per share between January 1,
2004 and March 15,  2004,  with an  average  price per share  over the period of
$13.87. The average daily trading volume of Broadway shares over the same period
was 1,420 shares.

                                        4
Broadway  Federal Bank,  f.s.b.  is a  community-oriented  savings  bank,  which
primarily  originates  residential mortgage loans and conducts funds acquisition
in the  geographic  areas  known as  Mid-City  and South Los  Angeles.  The Bank
operates  four full service  branches,  three in the city of Los Angeles and one
located in the nearby city of Inglewood, California.

Certain  matters  discussed in this news release may constitute  forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995.  These   forward-looking   statements   relate  to,  among  other  things,
expectations  regarding the business  environment in which the Company operates,
projections of future  performance,  perceived  opportunities in the market, and
statements regarding strategic objectives.  These forward-looking statements are
based upon current management  expectations and involve risks and uncertainties.
Actual  results or  performance  may  differ  materially  from those  suggested,
expressed,  or  implied  by  forward-looking  statements  due to a wide range of
factors,  including,  but not limited to, the general business environment,  the
real estate market,  competitive conditions in the business and geographic areas
in which the Company  conducts its business,  regulatory  actions or changes and
other risks  detailed in the  Company's  reports filed with the  Securities  and
Exchange  Commission,  including the Company's Annual Reports on Form 10-KSB and
Quarterly Reports on Form 10-QSB.

Shareholders,  analysts,  and others seeking  information  about the Company are
invited to write to: Broadway Financial  Corporation,  Investor Relations,  4800
Wilshire Blvd., Los Angeles, CA 90010.

Additional  Legal Information:

This press release is for informational purposes only and is not an offer to buy
or a solicitation  of an offer to sell any shares of the Company.  The Company's
proposed  tender offer will be made solely by the Offer to Purchase,  which will
be mailed to  shareholders.  Shareholders  and  investors are urged to carefully
read the Offer to Purchase,  when it becomes  available.  These  materials  will
contain  important  information  about the offer including the various terms and
conditions to the offer.

Shareholders will be able to obtain a free copy of the Tender Offer Statement on
Schedule  TO, the Offer to Purchase  and other  documents  that the Company will
file with the Securities and Exchange Commission at the Commission's  website at
www.sec.gov. Shareholders will also be able to obtain a copy of these documents,
without charge,  from the Company at its Investor  Relations  address  indicated
above.

                                        5