COLUMBUS, Ohio, July 5, 2022
/PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"),
the parent of CFBank, NA, today announced that the Board of
Directors of the Company declared a quarterly cash dividend on its
common stock of $0.05 per share,
which represents a 25% increase over its previous quarterly
dividend. The dividend is payable on July 26, 2022 to shareholders of record as of the
close of business on July 15,
2022.
Timothy T. O'Dell, President and
CEO, commented, "This dividend increase of 25%, coming at the
nine-month mark since our previous dividend increase, reflects our
continued confidence in the strength of our business, along with
our Board's commitment to generating attractive total returns
for our shareholders."
About CF Bankshares Inc. and
CFBank
CF Bankshares Inc. (the Company) is a holding company that owns
100% of the stock of CFBank, National Association (CFBank). CFBank
is a nationally chartered boutique Commercial bank operating
primarily in Four (4) Major Metro Markets: Columbus, Cleveland, and Cincinnati, Ohio, and Indianapolis, Indiana. The current Leadership
Team and Board recapitalized the Company and CFBank in 2012 during
the financial crisis, repositioning CFBank as a full-service
Commercial Bank model. Since the 2012 recapitalization, CFBank has
achieved a CAGR of nearly 25%.
CFBank focuses on serving the financial needs of closely held
businesses and entrepreneurs, by providing comprehensive
Commercial, Retail, and Mortgage Lending services presence. In all
regional markets, CFBank provides commercial loans and equipment
leases, commercial and residential real estate loans and treasury
management depository services, residential mortgage lending, and
full-service commercial and retail banking services and
products. CFBank is differentiated by our penchant for
individualized service coupled with direct customer access to
decision-makers, and ease of doing business. CFBank matches the
sophistication of much larger banks, without the bureaucracy.
CFBank ranked #7 on American Banker's listing of Top 200
Publicly Traded Community Banks based on 3-year average return on
equity as of December 31, 2021 and
has been recognized as a Small Cap All-Star performer by
Piper Sandler in 2021, 2020, and
2019. CFBank is the only Ohio-based bank and one of only four banks in
the country that have achieved this award for the past three
consecutive years (2019, 2020 and 2021). In addition, CFBank was
ranked #4 in Performance and #2 in Growth Strategy by Bank Director
magazine based on 2020 performance and growth.
Additional information about the Company and CFBank is available
at www.CF.Bank
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SOURCE CF Bankshares Inc.