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Central Federal Corporation Announces Conversion Of CFBank To A National Bank Charter
Central Federal Corporation (NASDAQ: CFBK) (the "Company") announced that the Company and its wholly-owned banking subsidiary, CFBank, have received the necessary regulatory approvals for CFBank to convert from a federal savings bank charter to a national bank charter and for the Company to become a financial holding company, effective as of December 1, 2016. At the time the conversion becomes effective, CFBank's name will change to, and be re-branded as, "CFBank, National Association."
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Central Federal Corporation Announces 3rd Quarter 2016 Results
Income before income tax expense was $754,000 for the three months ended September 30, 2016 and increased $424,000, or 128.5%, compared to $330,000 for the three months ended September 30, 2015.
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Central Federal Corporation Announces The Relocation Of CFBank's Headquarters
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.
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Central Federal Corporation Declares Dividend On Preferred Shares
The Board of Directors of Central Federal Corporation (NASDAQ: CFBK) (the "Company") parent of CFBank, has declared a dividend of $0.3906 per share of Series B Preferred Stock payable to the holders of record of all the shares of Series B Preferred Stock of the Corporation as of the close of business on September 30, 2016, with such payment to be made to such holders of record on October 15, 2016.
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Central Federal Corporation Announces 2nd Quarter 2016 Results
Income before income tax expense was $626,000 for the three months ended June 30, 2016 and increased $159,000, or 34.0%, compared to $467,000 for the three months ended June 30, 2015.
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Central Federal Corporation Announces 1st Quarter 2016 Results and Adoption of Stock Repurchase Program
Net income for the three months ended March 31, 2016 totaled $316,000 and increased $65,000, or 25.9%, compared to net income of $251,000 for the three months ended March 31, 2015.
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Central Federal Corporation Announces 4th Quarter 2015 Net Income and 2015 Annual Operating Results
Net income for the twelve months ended December 31, 2015 totaled $4.5 million and increased $4.0 million compared to net income of $479,000 for the twelve months ended December 31, 2014.
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