WORTHINGTON, Ohio, Jan. 8, 2018 /PRNewswire/ -- Central Federal
Corporation (CFBK) (the "Company") and its wholly-owned banking
subsidiary, CFBank, N.A. ("CFBank") are pleased to announce that
John Fearon has joined CFBank as
President of its Mortgage Lending Business unit.
John is an accomplished mortgage executive that brings to CFBank
a proven track record of growing and building mortgage lending
businesses. He founded Fearon Financial, LLC/Smarter Mortgages in
2005 and grew it into a mortgage company generating loan volumes of
up to nearly $1 billion annually
before selling it in 2015.
The strategic combination of John's experience and expertise,
coupled with CFBank's national bank platform, is intended to enable
CFBank to significantly expand its mortgage lending volumes of
saleable loans and increase related fee income.
CFBank's Leadership Team, which has substantial experience in
Mortgage Lending, is excited about the opportunities for
incremental earnings potential and added franchise value as a
result of having a well-performing Mortgage Lending unit as part of
CFBank. President and CEO, Timothy O'Dell,
commented, "We are very enthused with having someone of
John Fearon's caliber and track
record to lead the growth and expansion of our Mortgage Lending
Business."
About Central Federal Corporation and CFBank
Central Federal Corporation is the holding company for CFBank,
N.A. a national bank 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
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SOURCE Central Federal Corporation