Central Federal Corporation Announces The Relocation Of CFBank's Headquarters

4/17/2017 3:07:54 PM

Originally published on SEP 26, 2016, 14:15 ET


WORTHINGTON, Ohio, Sept. 26, 2016 /PRNewswire/ -- Central Federal Corporation (NASDAQ: CFBK) (the "Company") announced that its wholly owned banking subsidiary, CFBank has relocated its headquarters to its Columbus market office building located in Worthington, Ohio. Effective July 1, 2016, CFBank relocated its home office to 7000 N. High Street, Worthington, OH 43085, which is the same Central Ohio area location as the Company's headquarters. CFBank's home office was previously located in Fairlawn, Ohio, a nearby suburb of Akron, Ohio.

The move is expected to bring operating synergies to the Company's plans to continue to grow and expand its geographic footprint. Timothy O'Dell, President and CEO noted, "We are continuing to execute on our growth and expansion strategies which include organic growth and geographic expansion, as well as the consideration of potential strategic acquisitions. This move will bring together Central Federal Corporation and CFBank headquarters into the same Central Ohio (Columbus) location which will bring increased operating efficiencies.

There are approximately 28 employees currently located at the Worthington (Central Ohio) location which provides full service Commercial Banking and Personal Banking services along with Residential Mortgage Lending.

About Central Federal Corporation and CFBank

Central Federal Corporation is the publically traded holding company for CFBank, a federally chartered financial institution formed in Ohio in 1892. CFBank has a presence in three major metro Ohio markets - Columbus, Cleveland, and Akron markets, in addition to its two banking locations in Columbiana County. CFBank provides Business Banking products and services including commercial loans and equipment leases, commercial and residential real estate loans, treasury management and depository services. Our products and services are particularly focused on serving the banking and financing needs of closely held businesses, and our business model emphasizes personalized service, customer access to decision makers, quick execution, and the convenience of online internet banking, mobile banking, along with remote deposit capabilities.

Additional information about CFBank's banking services and the Company is available at www.CFBankOnline.com


SOURCE Central Federal Corporation