WORTHINGTON, Ohio, Sept. 12, 2016 /PRNewswire/ -- 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.
About Central Federal Corporation and CFBank
Central
Federal Corporation is the holding company for CFBank, a federally
chartered savings association formed in Ohio in 1892. CFBank has four
full-service banking offices in Fairlawn, Calcutta, Wellsville and Worthington, Ohio and a loan production office
in Woodmere, Ohio (Cuyahoga County). CFBank is a
community-oriented financial institution offering a variety of
financial services to meet the needs of the communities we
serve. Our business model emphasizes personalized service,
clients' access to decision makers, solution-driven lending and
quick execution, efficient use of technology and the convenience of
online internet banking, mobile banking, remote deposit and
corporate cash management. We attract retail and business
deposits from the general public and use the deposits, together
with borrowings and other funds, primarily to originate commercial
and commercial real estate loans, single-family and multi-family
residential mortgage loans and home equity lines of credit.
The majority of our customers are small businesses, small business
owners and consumers.
Additional information about CFBank's banking services and the
Company is available at www.CFBankOnline.com
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SOURCE Central Federal Corporation