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.