COLUMBUS, Ohio, Oct. 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 $0.07 per share quarterly cash dividend on its
common stock and a corresponding $7.00 per share quarterly cash dividend on its
Series D preferred stock. This represents a 17%
increase over its previous quarterly dividend. The dividend
is payable on October 19, 2024 to
shareholders of record as of the close of business on October 11, 2024.
Timothy T. O'Dell, President and CEO, commented, "We
are pleased to reward our shareholders with a 17% increase in
our dividend, which enhances total shareholder returns. We
appreciate your confidence and support!"
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.
Additional information about the Company and CFBank is available
at www.CF.Bank
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SOURCE CF BANKSHARES INC.