Central Federal Corporation Announces Paul Souleyrette Has Been Named Market President For The Cincinnati Area

8/2/2017 10:13:45 AM

Originally published on JUL 26, 2017, 11:09 ET


Central Federal Corporation (NASDAQ: CFBK) (the "Company") and its wholly-owned banking subsidiary, CFBank, N.A. are pleased to announce that Paul Souleyrette has been named Market President for the Cincinnati Market. Paul will be based at our new Village of Glendale office. He and his family reside in the Cincinnati suburb of Wyoming.

Paul will be responsible for building a Business Banking team along with growing and expanding our presence with Commercial clients in the greater Cincinnati and Southwest Ohio market. CFBank specializes in working with closely-held businesses and entrepreneurial companies. Paul brings a significant depth of Business and Commercial Banking experience to our CFBank Team.

CFBank currently has high profile commercial clients in the Cincinnati area along with a base of investors and shareholders there. Cincinnati is also the hometown of our Board Chairman, Robert E. Hoeweler, a local entrepreneur, and business owner. Timothy T. O'Dell our President and CEO, earlier in his career was previously a business banker residing in Cincinnati for nearly 10 years.

Tim O'Dell (President & CEO) remarked, "Cincinnati is a great city and an outstanding business marketplace. Thru this expansion, I am enthused to be returning to my banking roots and we're looking forward to working to support the growth of Cincinnati businesses and business owners. We believe that we will distinguish ourselves by being much more user-friendly, as well as by successfully building business relationships based upon offering direct access to and involvement of decision makers."

As a National Commercial Bank, based in Ohio, CFBank, is a boutique business bank, offering the full complement of Commercial Banking Products and services, including Equipment Finance and Leasing, Commercial Lines of Credit and Term loans, Commercial Real Estate loans including Construction and development along with Owner Occupied CRE loans. In addition, CFBank provides Depository and Cash Management Products. CFBank is a Residential Mortgage lender qualified to make home mortgage loans in all 50 states. CFBank delivers its consumer products and services to individuals with a high touch Private Banking approach and feel.

Our Cincinnati expansion represents our 4th major Ohio metro market presence and 6th Ohio location

About Central Federal Corporation and CFBank

Central Federal Corporation is the holding company for CFBank, N.A. a federally chartered financial institution formed in Ohio in 1892. With the expected opening of our Cincinnati location in July, CFBank will have a presence in four major Metro Ohio markets – Columbus, Cleveland, Cincinnati and Akron markets – as well as its two locations in Columbiana County, Ohio. CFBank provides personalized Business Banking products and services including Commercial loans and leases, Commercial and Residential Real Estate loans and Treasury Management 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, Remote Deposit and Corporate Treasury management


Additional information about the Company and CFBank is available at www.CFBankOnline.com


SOURCE Central Federal Corporation