Central Federal Corp Sample Contracts

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: August 12, 2019 For Further Information: Timothy T. O'Dell, President & CEO  Phone: 614.334.7979  Fax: 614.334.7980 (August 12th, 2019)

Worthington/Columbus, Ohio – August 12, 2019 – Central Federal Corporation (NASDAQ: CFBK) (the “Company”) today announced financial results for the second quarter and year to date ended June 30, 2019.

Central Federal Corp – EMPLOYMENT AGREEMENT (April 26th, 2019)

This Employment Agreement (this “Agreement”) is entered into effective the 22nd day of April, 2019 (the “Effective Date”), by and among Central Federal Corporation (the “Corporation”), its wholly-owned subsidiary, CF Bank (the “Bank”, collectively with the Corporation referred to as the “Employer”), and Timothy T. O'Dell, an individual (the “Executive”).

Central Federal Corp – EMPLOYMENT AGREEMENT (April 26th, 2019)

This Employment Agreement (this “Agreement”) is entered into effective the 22nd day of April, 2019 (the “Effective Date”), by and among Central Federal Corporation (the “Corporation”), its wholly-owned subsidiary, CF Bank (the “Bank”, collectively with the Corporation referred to as the “Employer”), and John W. Helmsdoerfer, an individual (the “Executive”).

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: April 24, 2019 For Further Information: Timothy T. O'Dell, President & CEO  Phone: 614.334.7979  Fax: 614.334.7980 (April 24th, 2019)

Worthington/Columbus, Ohio – April 24, 2019 – Central Federal Corporation (NASDAQ: CFBK) (the “Company”) today announced financial results for the first quarter ended March 31, 2019.

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: February 19, 2019 For Further Information: Timothy T. O'Dell, President & CEO  Phone: 614.334.7979  Fax: 614.334.7980 (February 19th, 2019)

Worthington/Columbus, Ohio – February 19, 2019 – Central Federal Corporation (NASDAQ: CFBK) (the “Company”) today announced financial results for the fourth quarter and year ended December 31, 2018.

Central Federal Corp – SUBORDINATED NOTE PURCHASE AGREEMENT (December 21st, 2018)

This SUBORDINATED NOTE PURCHASE AGREEMENT (this “Agreement”) is dated as of December 20, 2018, and is made by and among Central Federal Corporation, a Delaware corporation (the “Company”), and the several purchasers of the Subordinated Notes (as defined herein) identified on the signature pages hereto (each a “Purchaser” and collectively, the “Purchasers”).

Central Federal Corp – FORM OF SUBORDINATED NOTE (December 21st, 2018)

THIS SUBORDINATED NOTE WILL BE ISSUED AND MAY BE TRANSFERRED ONLY IN MINIMUM DENOMINATIONS OF $1,000 AND MULTIPLES OF $1,000 IN EXCESS THEREOF. ANY ATTEMPTED TRANSFER OF THIS SUBORDINATED NOTE IN A DENOMINATION OF LESS THAN $1,000 SHALL BE DEEMED TO BE VOID AND OF NO LEGAL EFFECT WHATSOEVER. ANY SUCH PURPORTED TRANSFEREE SHALL BE DEEMED NOT TO BE THE HOLDER OF THIS SUBORDINATED NOTE FOR ANY PURPOSE, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF PAYMENTS ON THIS SUBORDINATED NOTE, AND SUCH PURPORTED TRANSFEREE SHALL BE DEEMED TO HAVE NO INTEREST WHATSOEVER IN THIS SUBORDINATED NOTE.

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: November 2, 2018 For Further Information: Timothy T. O'Dell, President & CEO  Phone: 614.334.7979  Fax: 614.334.7980 (November 2nd, 2018)

Worthington/Columbus, Ohio – November 2, 2018 – Central Federal Corporation (NASDAQ: CFBK) (the “Company”) today announced financial results for the third quarter and year to date ended September 30, 2018.

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: August 20, 2018 For Further Information: Timothy T. O’Dell, President & CEO Phone: 614.334.7979 Fax: 614.334.7980 (August 20th, 2018)

Worthington, Ohio – August 20, 2018 – Central Federal Corporation (NASDAQ: CFBK) (the “Company”), the parent company of CFBank, National Association, today announced a reverse stock split of its issued and outstanding shares of common stock at a ratio of 1-for-5.5. The Company’s common stock is expected to begin trading on the Nasdaq Capital Market (“NASDAQ”) on a split-adjusted basis at market open on Tuesday, August 21, 2018. In connection with the reverse stock split, the CUSIP number for the Company’s common stock has been changed to 15346Q 400. The Company’s common stock will continue to trade on NASDAQ under the symbol “CFBK”.

Central Federal Corp – CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION OF CENTRAL FEDERAL CORPORATION (August 20th, 2018)

CENTRAL FEDERAL CORPORATION, a corporation organized and existing under and by virtue of the General Corporation Law of the State of Delaware (the “Corporation”), does hereby certify:

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: August 1, 2018 For Further Information: Timothy T. O'Dell, President & CEO  Phone: 614.334.7979  Fax: 614.334.7980 (August 1st, 2018)

Worthington/Columbus, Ohio – August 1, 2018 – Central Federal Corporation (NASDAQ: CFBK) (the “Company”) today announced financial results for the second quarter and year to date ended June 30, 2018.

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: May 8, 2018 For Further Information: Timothy T. O'Dell, President & CEO  Phone: 614.334.7979  Fax: 614.334.7980 (May 8th, 2018)

Worthington, Ohio – May 8, 2018 – Central Federal Corporation (NASDAQ: CFBK) (the “Company”) today announced financial results for the first quarter and the year ended March 31, 2018.

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: February 27, 2018 For Further Information: Timothy T. O'Dell, President & CEO  Phone: 614.334.7979  Fax: 614.334.7980 (February 27th, 2018)

Worthington, Ohio – February 27, 2018 – Central Federal Corporation (NASDAQ: CFBK) (the “Company”) today announced financial results for the fourth quarter and the year ended December 31, 2017.

Central Federal Corp – Employment Agreement Amendment (November 9th, 2017)

This is an amendment to the Employment Agreement dated August 15, 2016, between Central Federal Corporation and CF Bank, and Timothy O’Dell. For valuable consideration, the parties hereby amend the Employment Agreement as follows, effective April 30, 2017:

Central Federal Corp – Employment Agreement Amendment (November 9th, 2017)

This is an amendment to the Employment Agreement dated August 15, 2016, between Central Federal Corporation and CF Bank, and John Helmsdoerfer. For valuable consideration, the parties hereby amend the Employment Agreement as follows, effective April 30, 2017:

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: October 23, 2017 For Further Information: Timothy T. O'Dell, President & CEO  Phone: 614.334.7979  Fax: 614.334.7980 (October 23rd, 2017)

Worthington, Ohio – October 23, 2017 – Central Federal Corporation (NASDAQ: CFBK) (the “Company”) today announced financial results for the third quarter ended September 30, 2017.

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: July 26, 2017 For Further Information: Timothy T. O'Dell, President & CEO  Phone: 614.334.7979  Fax: 614.334.7980 (July 26th, 2017)

Worthington, Ohio – July 26, 2017 – Central Federal Corporation (NASDAQ: CFBK) (the “Company”) today announced financial results for the second quarter ended June 30, 2017.

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: May 8, 2017 For Further Information: Timothy T. O'Dell, President & CEO  Phone: 614.334.7979  Fax: 614.334.7980 (May 8th, 2017)

Worthington, Ohio – May 8, 2017 – Central Federal Corporation (NASDAQ: CFBK) (the “Company”) today announced financial results for the first quarter ended March 31, 2017.

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: February 21, 2017 For Further Information: Timothy T. O'Dell, President & CEO  Phone: 614.334.7979  Fax: 614.334.7980 (February 21st, 2017)

Worthington, Ohio – February 21, 2017 – Central Federal Corporation (NASDAQ: CFBK) (the “Company”) today announced financial results for the fourth quarter and the year ended December 31, 2016.

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: November 28, 2016 For Further Information: Timothy T. O'Dell, CEO  Phone: 614.334.7979  Fax: 614.334.7980 (November 28th, 2016)

Worthington, Ohio – November 28, 2016 – Central Federal Corporation (NASDAQ: CFBK) (the “Company”) announced that the Company and its wholly-owned banking subsidiary, CFBank, have received the necessary regulatory approvals for CFBank to convert from a federal savings bank charter to a national bank charter and for the Company to become a financial holding company, effective as of December 1, 2016. At the time the conversion becomes effective, CFBank’s name will change to, and be re-branded as, “CFBank, National Association.”

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: November 9, 2016 For Further Information: Timothy T. O'Dell, President & CEO  Phone: 614.334.7979  Fax: 614.334.7980 (November 9th, 2016)

· Income before income tax expense was $754,000 for the three months ended September 30, 2016 and increased $424,000, or 128.5%, compared to $330,000 for the three months ended September 30, 2015.

Central Federal Corp – EMPLOYMENT AGREEMENT (August 16th, 2016)

This Employment Agreement (this “Agreement”) is entered into effective the 15th day of August, 2016 (the “Effective Date”), by and among Central Federal Corporation (the “Corporation”), its wholly-owned subsidiary, CF Bank (the “Bank”, collectively with the Corporation referred to as the “Employer”), and Timothy T. O'Dell, an individual (the “Executive”).

Central Federal Corp – EMPLOYMENT AGREEMENT (August 16th, 2016)

This Employment Agreement (this “Agreement”) is entered into effective the 15th day of August, 2016 (the “Effective Date”), by and among Central Federal Corporation (the “Corporation”), its wholly-owned subsidiary, CF Bank (the “Bank”, collectively with the Corporation referred to as the “Employer”), and John W. Helmsdoerfer, an individual (the “Executive”).

Central Federal Corp – CENTRAL FEDERAL CORPORATION INCENTIVE COMPENSATION PLAN (August 16th, 2016)
Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: August 10, 2016 For Further Information: Timothy T. O'Dell, CEO  Phone: 614.334.7979  Fax: 614.334.7980 (August 10th, 2016)

· Income before income tax expense was $626,000 for the three months ended June 30, 2016 and increased $159,000, or 34.0%, compared to $467,000 for the three months ended June 30, 2015.

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: May 10, 2016 For Further Information: Timothy T. O'Dell, CEO  Phone: 614.334.7979  Fax: 614.334.7980 (May 10th, 2016)

· Net income for the three months ended March 31, 2016 totaled $316,000 and increased $65,000, or 25.9%, compared to net income of $251,000 for the three months ended March 31, 2015.

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: March 22, 2016 For Further Information: Timothy T. O'Dell, CEO Phone: 614.334.7979 Fax: 614.334.7980 (March 22nd, 2016)

· Net income for the twelve months ended December 31, 2015 totaled $4.5 million and increased $4.0 million compared to net income of $479,000 for the twelve months ended December 31, 2014. Net income for the twelve months ended December 31, 2015 included a $3.2 million credit to income tax expense as a result of the reversal of a deferred tax valuation allowance that occurred in the fourth quarter.

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: November 12, 2015 For Further Information: Timothy T. O'Dell, CEO Phone: 614.334.7979 Fax: 614.334.7980 (November 12th, 2015)

· Net income for the three months ended September 30, 2015 totaled $330,000 and increased $44,000, or 15.4%, compared to net income of $286,000 for the three months ended September 30, 2014.

Central Federal Corp – RESIGNATION AGREEMENT AND GENERAL RELEASE (November 5th, 2015)

THIS AGREEMENT is entered into to be effective as of this 9th day of October, 2015, by and between Thad Perry, for and on behalf of himself and his successors, heirs, family and assigns (“Perry”), and CFBank, a federally chartered savings association (“CFBank”);

Central Federal Corp – CENTRAL FEDERAL CORPORTION 2009 EQUITY COMPENSATION PLAN EMPLOYEE RESTRICTED STOCK AWARD AGREEMENT (November 3rd, 2015)

Central Federal Corporation (the “Company”) hereby grants the undersigned Participant an award of Restricted Stock (the “Award”), subject to the terms and conditions described in the Central Federal Corporation 2009 Equity Compensation Plan, as amended (the “Plan”), and this Restricted Stock Award Agreement (this “Award Agreement”). This grant is made in consideration of the non-solicitation covenants set forth in Section 8 of this Award Agreement.

Central Federal Corp – CENTRAL FEDERAL CORPORTION 2009 EQUITY COMPENSATION PLAN DIRECTOR RESTRICTED STOCK AWARD AGREEMENT (November 3rd, 2015)

Central Federal Corporation (the “Company”) hereby grants the undersigned Participant an award of Restricted Stock (the “Award”), subject to the terms and conditions described in the Central Federal Corporation 2009 Equity Compensation Plan, as amended (the “Plan”), and this Restricted Stock Award Agreement (this “Award Agreement”).

Central Federal Corp – FIRST AMENDMENT TO THE CENTRAL FEDERAL CORPORATION 2009 EQUITY COMPENSATION PLAN [Approved by the Stockholders of Central Federal Corporation on May 16, 2013] (October 9th, 2015)

THIS FIRST AMENDMENT (this “Amendment”) to the Central Federal Corporation 2009 Equity Compensation Plan (the “Plan”) is adopted on March 20, 2013.

Central Federal Corp – CENTRAL FEDERAL CORPORATION 2009 EQUITY COMPENSATION PLAN (October 9th, 2015)

This is the Central Federal Corporation 2009 Equity Compensation Plan. This plan document supersedes the prior Third Amended and Restated Central Federal Corporation 2003 Equity Compensation Plan. Upon approval by the Holding Company’s shareholders, this Plan shall amend the Third Amended and Restated Central Federal Corporation 2003 Equity Compensation Plan to immediately terminate the right to make additional grants under such 2003 plan.

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: August 13, 2015 For Further Information: Timothy T. O'Dell, CEO Phone: 614.334.7979 Fax: 614.334.7980 (August 13th, 2015)

· Net income for the three months ended June 30, 2015 totaled $467,000 and increased $369,000 compared to net income of $98,000 for the three months ended June 30, 2014.

Central Federal Corp – PRESS RELEASE FOR IMMEDIATE RELEASE: May 14, 2015 For Further Information: Timothy T. O'Dell, CEO Phone: 614.334.7979 Fax: 614.334.7980 (May 14th, 2015)

· Net interest income of $2.4 million for the quarter ended March 31, 2015, increased $675,000, or 38.3%, compared to net interest income of $1.8 million for the quarter ended March 31, 2014.