Business
CF BANKSHARES INC. ANNOUNCES STOCK REPURCHASE PROGRAM FOR UP TO 325,000 SHARES, OR APPROXIMATELY 5% OF OUTSTANDING COMMON STOCK
COLUMBUS, Ohio, Feb. 4, 2025 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, announced today that the Board of
About this update from Cf Bankshares Inc.
[{"type":"text","content":"COLUMBUS, Ohio, Feb. 4, 2025 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the \"Company\"), the parent of CFBank, announced today that the Board of Directors of the Company has authorized a new stock repurchase program pursuant to which the Company may repurchase up to 325,000 shares, or approximately 5% of the Company's outstanding common stock, on or before January 31, 2026. Under the stock repurchase program, the Company may purchase shares of its common stock from time to time through various means, including open market transactions and privately negotiated transactions. Open market repurchases will be made in accordance with applicable securities laws and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the \"Exchange Act\"), and may be effected pursuant to Rule 10b5-1 under the Exchange Act. There is no guarantee as to the exact number or value of shares that will be repurchased by the Company. The manner, timing and amount of any stock repurchases will be determined by the Company's management in its discretion based on its evaluation of various factors, including the trading price of the Company's common stock, market and economic conditions, regulatory requirements and other corporate considerations. The repurchase program may be suspended or discontinued at any time.\n\n \n \n \n \n \n \n\n \nTimothy T. O'Dell, President and CEO, commented \"We believe our stock is a good value, and the Board's approval of this stock repurchase program reflects confidence in our Company's business model and intrinsic value and demonstrates our commitment to enhancing shareholder value.\"\nAbout CF Bankshares Inc. and CFBank\nCF 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 Four (4) Major Metro Markets: Columbus, Cleveland, and Cincinnati, 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 20%.\nCFBank focuses on serving the financial needs of closely held businesses and entrepreneurs, by providing a comprehensive ...