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

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CF Bankshares Inc. declares a $0.06 per share quarterly cash dividend on common stock and a $6.00 per share dividend on Series D preferred stock, payable on April 29, 2024. Each Series D share is convertible into 100 common shares.

COLUMBUS, Ohio, April 8, 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 April 29, 2024 to shareholders of record as of the close of business on April 18, 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.

FAQ

What dividend did CF Bankshares Inc. declare on its common stock?

CF Bankshares Inc. declared a $0.06 per share quarterly cash dividend on its common stock.

What dividend did CF Bankshares Inc. declare on its Series D preferred stock?

CF Bankshares Inc. declared a $6.00 per share quarterly cash dividend on its Series D preferred stock.

When are the dividends payable to shareholders?

The dividends are payable on April 29, 2024.

How many common shares can each Series D preferred stock be converted into?

Each share of Series D preferred stock is convertible into 100 shares of common stock.