The Federal Reserve Bank of San Francisco has terminated its order to cease and desist on L.A.-based Broadway Financial Corporation, parent company of Broadway Federal Bank, F.S.B. Broadway has operated under the order since 2010. The OCC had lifted its own consent order from the bank in November 2015. CEO Wayne Bradshaw commented, “This decision by the FRB, along with the OCC’s decision in November, officially [recognizes] that Broadway has re-established its position as a safe and sound financial institution. In addition, these decisions tacitly acknowledge the success that our team has achieved in generating profits, eliminating problem assets, re-building a quality loan portfolio and strengthening our capital structure.”