Central Federal Corporation
|
Balance Sheet Cash Flow Statement 2923 Smith Rd. Fairlawn, OH 44333-2609 OH Tel. 330-666-7979 Fax 330-666-7959 |
Type: Public
Central Federal Corporation is the holding company for CFBank. Founded in 1892, the savings institution serves individuals and local businesses through three branches in eastern Ohio and another in the state capital, Columbus, plus a residential mortgage loan production office in Akron. Its deposit products include checking, savings, NOW, and money market accounts, as well as CDs. The company has shifted its lending priorities: While single-family residential mortgages made up about 60% of loans in 2003, they represented less than 20% in 2006. Over that same period, commercial mortgages and multifamily residential mortgages increased to more than half of its loan portfolio.
Key numbers for fiscal year ending December, 2007:
Sales: $18.3M
One year growth: 26.0%
Net income: ($0.0)M
Officers:
Chairman, President, and CEO; Chairman and CEO, CFBank: Mark S. Allio
Chairman Emeritus, Central Federal and CF Bank: David C. (Dave) Vernon
CFO and Treasurer, Central Federal and CFBank: Therese A. Liutkus
Competitors:
National City
United Community Financial
