Exhibit 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE
| | | | | | | | | | | |
Date: | | December 21, 2007 | | | | | | |
Company: | | Central Federal Corporation | | | | | | |
| | | 2923 Smith Road | | | | | | |
| | | Fairlawn, Ohio 44333 | | | | | | |
Contact: | | Mark S. Allio | | | | | | |
| | | Chairman, President and CEO | | | | | | |
Phone: | | 330.576.1334 | | Fax: | | 330.666.7959 |
CENTRAL FEDERAL CORPORATION DECLARES DIVIDEND
Fairlawn, Ohio — December 21, 2007 — Central Federal Corporation (NASDAQ: CFBK) announced today that the Company’s Board of Directors declared a cash dividend of 5 cents per share on its common stock to be paid on January 18, 2008 to stockholders of record on January 7, 2008.
About Central Federal Corporation and CFBank
Central Federal Corporation is the holding company for CFBank, a federally chartered savings association formed in Ohio in 1892. CFBank has four full-service banking offices in Fairlawn, Calcutta, Wellsville and Worthington, Ohio. Additional information about our banking services and our Company is available atwww.CFBankOnline.com.
Statements contained in this release that are not historical fact may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company cautions that such statements necessarily are based on certain assumptions which are subject to risks and uncertainties, including, but not limited to, changes in general economic and market conditions. Further information on these risk factors is included in the Company’s filings with the Securities and Exchange Commission.
