CF BANKSHARES INC., PARENT OF CFBANK, NA, ANNOUNCES ADDITION OF JOHN WILGUS AS SENIOR VICE PRESIDENT

Core Insights - CF Bankshares Inc. has appointed John Wilgus as Senior Vice President to enhance its commercial and commercial real estate banking capabilities [1][5] - John Wilgus brings over 32 years of experience in commercial banking, particularly in commercial real estate lending and relationship management [2] - The company aims to strengthen its boutique banking model and personalized service through Wilgus's extensive experience and market knowledge [5][6] Company Overview - CF Bankshares Inc. is the parent company of CFBank, which operates as a boutique commercial bank in five major metro markets: Columbus, Cleveland, Cincinnati, Akron, and Indianapolis [6] - Since its recapitalization in 2012, CFBank has achieved a compound annual growth rate (CAGR) of 20% [6] - CFBank focuses on serving closely held businesses and entrepreneurs with a range of financial services, including commercial loans, real estate loans, and treasury management [7] Leadership and Strategy - Brad Ringwald, President of CFBank, expressed excitement about Wilgus's addition, highlighting the alignment with the bank's commitment to personalized service [5] - Tim O'Dell, President and CEO of CF Bankshares, noted that Wilgus's experience reinforces the company's strategy of attracting seasoned bankers who prioritize relationships and local decision-making [5]