The Los Angeles City Council has approved the designation of the intersection of Broadway and 45th Street as 'Broadway Federal Bank Square.' This decision, initiated through a motion by Councilmembers Price and Hutt, recognizes the historical and economic significance of Broadway Federal Bank, an institution known for its commitment to financial empowerment and community development in Los Angeles. The Public Works Committee reviewed and approved the recommendation, directing the Los Angeles Department of Transportation to install permanent ceremonial signage at the intersection to reflect the new designation. This naming acknowledges the contributions of Broadway Federal Bank to the local economy and its role in fostering economic equity.
This designation honors Broadway Federal Bank's long-standing commitment to financial inclusion and economic empowerment in the community. It reinforces the importance of recognizing institutions that have contributed to the development and stability of historically underserved neighborhoods.