CF BANKSHARES INC., PARENT OF CFBANK, NA, ANNOUNCES ADDITION OF JOHN WILGUS AS SENIOR VICE PRESIDENT
CF Bankshares (NASDAQ: CFBK) announced on January 21, 2026 that John Wilgus has joined as Senior Vice President to strengthen the bank's commercial and commercial real estate banking capabilities.
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Rhea-AI Summary
CF Bankshares (NASDAQ: CFBK) announced on January 21, 2026 that John Wilgus has joined as Senior Vice President to strengthen the bank's commercial and commercial real estate banking capabilities. Wilgus brings more than 32 years of commercial banking experience, most recently serving as Senior Vice President at First Financial Bank where he led commercial real estate relationship development across Northern Ohio.
His background includes commercial lending, portfolio management, and business development focused on closely held businesses, real estate owners, and developers. Company leaders said his hire supports their boutique banking model, local decision-making, and efforts to scale the commercial banking franchise.
Details
News Market Reaction – CFBK
On Jan 21, the day this news came out, CFBK closed 5.41% above the previous close.
Data tracked by StockTitan Argus for the Jan 21 session.
Key Figures
- Commercial banking experience
- more than 32 years
- John Wilgus’ industry experience highlighted in executive hire announcement
Historical Context
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13% increase in quarterly cash dividend on common and Series D preferred.
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Board extended stock repurchase program authorizing up to 325,000 share buybacks.
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Reported Q3 net income, higher PPNR, credit loss provision from one charged-off loan.
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Declared quarterly cash dividend on common and Series D preferred shares.
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Strong Q2 with higher net income, PPNR, improved efficiency, and loan/deposit growth.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
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John brings more than 32 years of experience in commercial banking, with a strong focus on commercial real estate lending and relationship management. He has built a reputation for working closely with closely held businesses, real estate owners, and developers to deliver customized financial solutions and long-term banking partnerships.
Most recently, John served as Senior Vice President at First Financial Bank, where he was responsible for developing and managing commercial real estate relationships across the
Prior to his time at First Financial Bank, John held leadership roles within commercial and real estate banking, gaining extensive experience in commercial lending, portfolio management, and business development. His background and market knowledge position him as a well-respected relationship banker within the
Brad Ringwald, President of CFBank, commented, "We are excited to welcome John to the CFBank team. His deep experience in commercial real estate and relationship banking aligns perfectly with our boutique banking model and commitment to delivering personalized service to our clients."
Tim O'Dell, President and CEO of CF Bankshares, added, "John's addition reinforces our success with attracting experienced bankers who value relationships, local decision-making, and quality growth. We are pleased to have him join our team as we continue to scale our commercial banking presence."
About CF Bankshares Inc. and CFBank
CF Bankshares Inc. (the "Company") is a holding company that owns
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
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SOURCE CF BANKSHARES INC.
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