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

Rhea-AI Summary

CF Bankshares Inc. (NASDAQ: CFBK) announced a quarterly cash dividend of $0.04 per share, payable on February 1, 2022, to shareholders of record as of January 21, 2022. Since the recapitalization in 2012, CFBank has achieved a compound annual growth rate (CAGR) of 25%. The bank, which serves closely held businesses and entrepreneurs across four major metro markets, has been recognized among the Top 200 Publicly Traded Community Banks by American Banker and ranked highly for its growth strategy.

Positive

• Declared quarterly cash dividend of $0.04 per share.
• Dividend payable on February 1, 2022, indicates strong cash flow.
• Achieved a CAGR of 25% since 2012, showcasing robust growth.
• Recognized as a leading community bank, enhancing reputation.

Negative

• None.

COLUMBUS, Ohio, Jan. 10, 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 February 1, 2022 to shareholders of record as of the close of business on January 21, 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 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 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 was nationally recognized by Bank Director magazine, ranking #4 in the Best Community Bank category overall and #2 in Growth Strategy. 

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 declared by CF Bankshares Inc.?

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

When is the payment date for the dividend?

The dividend is payable on February 1, 2022.

Who are the shareholders of record for the dividend?

Shareholders of record are those who hold shares as of January 21, 2022.

How has CF Bankshares Inc. performed since its recapitalization?

Since its recapitalization in 2012, CFBank has achieved a CAGR of 25%.