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CF BANKSHARES INC., PARENT OF CFBANK, NA, ANNOUNCES ADDITION OF MATT TUOHEY AS MARKET PRESIDENT FOR NORTHEAST OHIO (GREATER CLEVELAND) REGION.

1. Matt Tuohey appointed Market President for Northeast Ohio region. 2. He brings over 30 years of banking experience. 3. CFBank aims to deepen partnerships in its regional markets. 4. CFBank has achieved a CAGR exceeding 20% since 2012. 5. Company focuses on boutique banking services for closely held businesses.

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FAQ

Why Bullish?

The appointment of an experienced Market President can drive growth and improve market position. Previous leadership changes in banks have often positively influenced stock performance, especially in regional banks aiming for expansion.

How important is it?

Matt's extensive experience suggests potential for significant regional impact and improved financial performance, making this news relevant for investors.

Why Long Term?

The strategic hire aims for sustained growth in commercial banking, supporting long-term market presence. Historically, effective leadership transitions correlate with improved performance over a multi-year horizon.

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, /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, NA, is pleased to announce the addition of Matt Tuohey as Market President for the Northeast Ohio (Greater Cleveland) region. Matt brings over 30 years of experience in commercial banking and executive leadership within the Northeast Ohio market. He has a strong record of building and leading high-performing teams, and has cultivated long-standing relationships across the region's business community. Most recently, Matt served as Senior Vice President, Commercial Team Lead at WesBanco, where he launched and led a new Cleveland loan production office. In this role, he worked closely with a team of commercial bankers to drive growth and expand the bank's presence throughout the area. Prior to his time at WesBanco, Matt held senior leadership positions at regional banking institutions including Chemical Bank and National City Bank. His extensive background in commercial lending, middle-market banking, and team development has positioned him as a respected and well-connected leader in Northeast Ohio. Brad Ringwald, President of CFBank, commented, "We're excited to welcome Matt to the CFBank team. His deep market knowledge and leadership experience will be instrumental as we continue to expand our commercial banking presence and deepen our partnerships in Northeast Ohio." Tim O'Dell, President and CEO of CF Bankshares, added, "Matt's addition reinforces our commitment to providing full-service, boutique commercial banking solutions to closely held businesses and entrepreneurs in all of the 5 Metro Regional Markets in which we operate." About CF Bankshares Inc. and CFBank CF Bankshares Inc. (the "Company") is a holding company that owns 100% of the stock of CFBank, National Association ("CFBank"). CFBank is a nationally chartered boutique Commercial bank operating primarily in Five (5) Major Metro Markets: Columbus, Cleveland, Cincinnati, and Akron Ohio, and Indianapolis, Indiana. The current Leadership Team and Board recapitalized the Company and CFBank in 2012 during the financial crisis, repositioning CFBank as a full-service Commercial Bank model. Since the 2012 recapitalization, CFBank has achieved a CAGR in excess of 20%. CFBank focuses on serving the financial needs of closely held businesses and entrepreneurs, by providing a comprehensive Commercial, Retail, and Mortgage Lending services presence. In all regional markets, CFBank provides commercial loans and equipment leases, commercial and residential real estate loans and treasury management depository services, residential mortgage lending, and full-service commercial and retail banking services and products.  CFBank is differentiated by our penchant for individualized service coupled with direct customer access to decision-makers, and ease of doing business. CFBank matches the sophistication of much larger banks, without the bureaucracy. Additional information about the Company and CFBank is available at www.CF.Bank SOURCE CF BANKSHARES INC. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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