Central Federal Corporation (NASDAQ: CFBK) (the "Company") and its wholly-owned banking subsidiary, CFBank, N.A. are pleased to announce that CFBank has received "A+" health grade from DepositAccounts.com who has announced the results of its analysis of bank health in the US. DepositAccounts.com is a subsidiary of Lending Tree.
"We are very pleased to have CFBank recognized for its financial health", said DepositAccounts.com's representative. "Achieving this health grade is a reflection of our ongoing commitment to excellence."
DepositAccounts.com evaluates the financial health of over 11,000 banks and credit unions in the United States once per quarter. To determine bank ranking and recognition. DepositAccounts.com grades each institution on a number of factors, including capitalization, deposit growth, and loan-to-reserve ratios.
"We believe it is important to give consumers a way to evaluate the financial health of their institutions," said Ken Tumin, founder of DepositAccounts.com. "Our health grades empower consumers to make informed decisions when selecting a financial institution."
Click here to view CFBank's Health Rating Report on DepositsAccounts.com
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. CFBank has 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