CF BANKSHARES INC., PARENT OF CFBANK, NA, ANNOUNCES ADDITION OF MATT TUOHEY AS MARKET PRESIDENT FOR NORTHEAST OHIO (GREATER CLEVELAND) REGION.

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CF Bankshares Inc. (NASDAQ: CFBK) has appointed Matt Tuohey as Market President for the Northeast Ohio (Greater Cleveland) region. Tuohey brings over 30 years of commercial banking and executive leadership experience to CFBank. He previously served as Senior Vice President, Commercial Team Lead at WesBanco, where he established and led a Cleveland loan production office.

Prior to WesBanco, Tuohey held senior leadership positions at Chemical Bank and National City Bank. His appointment aligns with CFBank's strategy to expand its commercial banking presence in Northeast Ohio and strengthen its full-service, boutique commercial banking solutions across its five Metro Regional Markets.

COLUMBUS, Ohio, May 5, 2025 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, NA, is pleased to announce the addition of Matt Tuohey as Market President for the Northeast Ohio (Greater Cleveland) region.

Matt brings over 30 years of experience in commercial banking and executive leadership within the Northeast Ohio market. He has a strong record of building and leading high-performing teams, and has cultivated long-standing relationships across the region's business community.

Most recently, Matt served as Senior Vice President, Commercial Team Lead at WesBanco, where he launched and led a new Cleveland loan production office. In this role, he worked closely with a team of commercial bankers to drive growth and expand the bank's presence throughout the area.

Prior to his time at WesBanco, Matt held senior leadership positions at regional banking institutions including Chemical Bank and National City Bank. His extensive background in commercial lending, middle-market banking, and team development has positioned him as a respected and well-connected leader in Northeast Ohio.

Brad Ringwald, President of CFBank, commented, "We're excited to welcome Matt to the CFBank team. His deep market knowledge and leadership experience will be instrumental as we continue to expand our commercial banking presence and deepen our partnerships in Northeast Ohio."

Tim O'Dell, President and CEO of CF Bankshares, added, "Matt's addition reinforces our commitment to providing full-service, boutique commercial banking solutions to closely held businesses and entrepreneurs in all of the 5 Metro Regional Markets in which we operate."

About CF Bankshares Inc. and CFBank

CF 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 Five (5) Major Metro Markets: Columbus, Cleveland, Cincinnati, and Akron 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 of 20%.

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.

FAQ

Who is Matt Tuohey and what is his new role at CFBK?

Matt Tuohey has been appointed as Market President for the Northeast Ohio (Greater Cleveland) region at CFBank. He brings over 30 years of commercial banking and executive leadership experience.

What was Matt Tuohey's previous position before joining CFBK?

Before joining CFBank, Matt Tuohey served as Senior Vice President, Commercial Team Lead at WesBanco, where he launched and led a Cleveland loan production office.

What is CFBank's strategic goal in Northeast Ohio?

CFBank aims to expand its commercial banking presence and deepen partnerships in Northeast Ohio while providing full-service, boutique commercial banking solutions to closely held businesses and entrepreneurs.

Which other banks has Matt Tuohey worked for in his career?

Prior to WesBanco, Matt Tuohey held senior leadership positions at regional banking institutions including Chemical Bank and National City Bank.