CF BANKSHARES INC., PARENT OF CFBANK, NA, ANNOUNCES QUARTERLY CASH DIVIDEND.

Rhea-AI Summary

CF Bankshares Inc. (NASDAQ: CFBK) has declared a quarterly cash dividend of $0.04 per share, payable on April 25, 2022. Shareholders of record as of the close of business on April 14, 2022 will receive this dividend. The bank, operating in major markets such as Columbus and Cleveland, has achieved a compound annual growth rate (CAGR) of nearly 25% since its recapitalization in 2012. CFBank is recognized as a top community bank and has consistently received accolades for its performance and growth strategies.

Positive

• Declared a quarterly cash dividend of $0.04 per share.
• CAGR of nearly 25% since 2012 recapitalization.
• Recognized among Top 200 Publicly Traded Community Banks.

Negative

• None.

COLUMBUS, Ohio, April 4, 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 $0.04 per share.  The dividend is payable on April 25, 2022 to shareholders of record as of the close of business on April 14, 2022. 

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 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 has been recognized as among the Top 200 Publicly Traded Community Banks by American Banker, and in addition, as a Small Cap All-Star performer by Piper Sandler in 2021, 2020, and 2019. CFBank is the only Ohio-based bank and 1 of only 4 banks in the country that have achieved this award for the past 3 consecutive years. In addition, CFBank has been ranked #4 in Performance and #2 in Growth Strategy by Bank Director.

Additional information about the Company and CFBank is available at www.CF.Bank

 

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SOURCE CF Bankshares Inc.

FAQ

What is the dividend amount for CFBK?

CF Bankshares Inc. has declared a dividend of $0.04 per share.

When is the dividend payment date for CFBK?

The dividend is payable on April 25, 2022.

What is the record date for the CFBK dividend?

The record date is April 14, 2022.

How has CFBK's financial performance been in recent years?

CFBank achieved a CAGR of nearly 25% since its 2012 recapitalization.

Is CFBank recognized in the banking sector?

Yes, it has been recognized as a top publicly traded community bank.