COLUMBUS, Ohio, July 1, 2024
/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 $0.06 per share quarterly cash dividend on its
common stock and a corresponding $6.00 per share quarterly cash dividend on its
Series D preferred stock. Each share of Series D preferred stock is
convertible into 100 shares of common stock. The dividends are
payable on July 19, 2024 to
shareholders of record as of the close of business on July 11, 2024.
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 in excess 20%.
CFBank focuses on serving the financial needs of closely held
businesses and entrepreneurs, by providing a 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 was named one of Piper
Sandler's "Bank & Thrift Sm-All Stars" for 2023. This
recognition places us among the top 10% of small-cap banks and
thrifts in the United States. In
addition, 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, 2022.
Additional information about the Company and CFBank is available
at www.CF.Bank
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SOURCE CF BANKSHARES INC.