CF BANKSHARES INC., PARENT OF CFBANK, NA, RANKED #4 OVERALL PERFORMANCE AND #2 BEST GROWTH CATEGORY FOR COMMUNITY BANKS BY BANK DIRECTOR

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CF Bankshares Inc. (NASDAQ: CFBK) announced that its subsidiary, CFBank, has been recognized by BankDirector.com, ranking #4 in the Best Community Bank category and #2 in Growth Strategy. This acknowledgment positions CFBank as the only Ohio community bank among the top 10 in the nation. CFBank, operating in major Ohio cities and Indianapolis, Indiana, has achieved a CAGR of 25% since its recapitalization in 2012, focusing on servicing closely held businesses and offering a range of financial products.

Positive

• Ranked #4 in Best Community Banks overall and #2 in Growth Strategy by BankDirector.com.
• Achieved a CAGR of 25% since recapitalization in 2012.
• Only Ohio community bank recognized in the top 10 nationally.

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• None.

COLUMBUS, Ohio, Jan. 26, 2022 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, NA announced CFBank was nationally recognized by BankDirector.com, ranking #4 in the Best Community Bank category overall and #2 in Growth Strategy.  CFBank is the only Ohio Community Bank Ranked in the Top 10.  BankDirector.com is an information resource for senior executives at U.S. financial institutions.

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 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 did CF Bankshares announce on January 26, 2022?

CF Bankshares announced that CFBank was ranked #4 in overall performance and #2 in growth strategy by BankDirector.com.

Which bank was recognized as the only Ohio community bank in the top 10?

CFBank was recognized as the only Ohio community bank in the top 10 by BankDirector.com.

What financial services does CFBank provide?

CFBank provides commercial loans, equipment leases, mortgage lending, and full-service banking primarily to closely held businesses.

What is the significance of the #2 Growth Strategy ranking for CFBank?

Being ranked #2 in Growth Strategy indicates CFBank's effective approach to expanding its operations and services in the banking sector.