Question 1

What is CFBank?

Accepted Answer

CFBank is a nationally chartered full-service boutique bank headquartered in Columbus, Ohio, with approximately $2.1 billion in total assets. The bank operates eight offices across Ohio and Indiana, serving businesses and individuals with specialized commercial lending expertise and personalized banking services.

CFBank is the operating subsidiary of CF Bankshares Inc., a publicly traded bank holding company. The institution positions itself as a "boutique bank" that delivers high-quality, highly desirable services with a focus on commercial lending, equipment financing, and business banking solutions.

Question 2

When was CFBank founded?

Accepted Answer

CFBank traces its origins to 1892, giving it over 130 years of banking history. While the institution has undergone various transformations throughout its long history, it has maintained continuous operations serving Ohio communities for more than a century.

The bank converted to a national bank charter and adopted the name CFBank, National Association, positioning it under the regulation of the Office of the Comptroller of the Currency (OCC). This charter change reflected the bank's evolution from its historical roots into a modern commercial banking institution.

Question 3

Where is CFBank headquartered?

Accepted Answer

CFBank is headquartered in Columbus, Ohio, at 4960 East Dublin Granville Road, Columbus, OH 43081. The Columbus headquarters serves as the administrative and operational center for the bank's multi-state operations.

Question 4

Where does CFBank operate?

Accepted Answer

CFBank operates primarily in Ohio and Indiana through eight full-service offices. In Ohio, the bank maintains locations in Columbus, Cleveland, Cincinnati, and Akron, covering the state's major metropolitan markets. The bank has also expanded into Indianapolis, Indiana, extending its market reach beyond Ohio borders.

This strategic footprint positions CFBank in key Midwest commercial centers where it can serve business customers and maintain its commercial lending specialization while providing retail banking services to individuals and families.

Question 5

What services does CFBank offer?

Accepted Answer

CFBank offers comprehensive commercial banking services with a specialization in commercial lending. Core business services include commercial and industrial loans, commercial real estate financing, equipment financing, business lines of credit, and commercial credit cards.

Personal banking products include checking and savings accounts, certificates of deposit (CDs) with competitive rates, mortgage loans for home purchases and refinancing, auto loans, and personal loans. The bank currently offers promotional CD rates including 4.00% APY on 6-month CDs, 3.75% APY on 12-month CDs, and 3.50% APY on 36-month CDs for new accounts with minimum $10,000 deposits.

Digital banking capabilities include online banking, mobile banking, and digital account management tools. The bank emphasizes personalized service with clients working with dedicated representatives who understand their specific needs and provide responsive, efficient service.

Question 6

What makes CFBank unique?

Accepted Answer

CFBank distinguishes itself through its boutique banking model that combines the personalized service of a community bank with the capabilities and resources of a larger institution. The bank's commercial lending specialization allows it to develop deep expertise in serving business customers across various industries.

CFBank has received significant industry recognition, including being named to the American Banker Top 10 list for two consecutive years and earning Piper Sandler All Star awards for four consecutive years. These accolades recognize the bank's strong financial performance and service quality.

The institution emphasizes its strong financial position, highlighting that it is "strongly capitalized, has nominal exposure to treasury securities and has maintained pristine credit quality." CFBank's commitment extends beyond banking transactions, with the bank actively supporting community organizations through philanthropic contributions and employee volunteerism.

Client testimonials emphasize the bank's personal service model, with customers working with single dedicated representatives who provide outstanding service and genuinely care about their clients' missions and needs.

Question 7

What type of financial institution is CFBank?

Accepted Answer

CFBank is a National Bank operating under a national charter granted by the Office of the Comptroller of the Currency (OCC). This designation, reflected in its legal name CFBank, National Association, places it under federal banking regulation and oversight.

The bank operates with a commercial lending specialization, positioning it as a commercial bank focused on serving business customers while also providing retail banking services. As a member of the Federal Reserve System and FDIC-insured, CFBank maintains the regulatory compliance and consumer protections associated with federally chartered banking institutions.

CFBank

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About CFBank in the United States