COLUMBUS, Ohio, April 6,
2023 /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 $0.06 per share, which represents a 20% increase
over its previous quarterly dividend. The dividend is payable
on April 28, 2023 to shareholders of
record as of the close of business on April
17, 2023.
Timothy T. O'Dell, President and
CEO, commented, "We are pleased to reward our shareholders with
this $0.01, or 20%, increase in our
dividend, enhancing total shareholder return."
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 was recognized in CB Resource Inc.'s Durable Performance
Index which highlighted banks who have maintained above average
performance over the course of the last three years based on 11 key
performance indicators over the three-year period ended
September 30, 2022. 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, 2021.
Additional information about the Company and CFBank is available
at www.CF.Bank
View original
content:https://www.prnewswire.com/news-releases/cf-bankshares-inc-parent-of-cfbank-na-announces-20-increase-in-its-quarterly-cash-dividend-301791093.html
SOURCE CF Bankshares Inc.