Company: CFBK
Filing Date: 2025-01-21
Form Type: S-3/A
Source: 0001193125-25-009427
Chunk: 3

Company: CF BANKSHARES INC.
Filing Date: 2025-01-21
Form: S-3/A
Chunk 3
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 or both. See “Plan of Distribution” for a more complete description
of the ways in which the Securities may be sold. The names of any underwriters, dealers or agents, the specific terms of the plan of distribution, any over-allotment option and any applicable underwriting discounts, concessions, and commissions will
be set forth in a supplement to this prospectus.

We will not receive any proceeds from the sale of the
Non-Voting Common Stock by the Selling Securityholders.

Our shares of Voting Common Stock are
listed on The NASDAQ Capital Market under the symbol “CFBK”. On January 2, 2025, the last reported sale price of our shares of Voting Common Stock was $25.20 per share. Shares of our Non-Voting
Common Stock are not listed on any exchange, and we do not intend to list shares of the Non-Voting Common Stock on any exchange.

INVESTING IN OUR SECURITIES INVOLVES RISKS. YOU SHOULD CAREFULLY CONSIDER THE SECTION CAPTIONED “ RISK FACTORS” ON PAGE 1 OF THIS PROSPECTUS, ANY RISK FACTORS IN ANY APPLICABLE PROSPECTUS SUPPLEMENT, AND IN ITEM 1.A. RISK FACTORS IN THE COMPANY’S MOST RECENT ANNUAL REPORT ON FORM 10-KAND UNDER SIMILAR HEADINGS IN THE OTHER FILINGS THAT THE COMPANY MAKES WITH THE SECURITIES AND EXCHANGE COMMIMSSION FROM TIME TO TIME BEFORE YOU MAKE AN INVESTMENT IN OUR SECURITIES.

These securities are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, nor
are they obligations of, or guaranteed by, a bank. This prospectus is not an offer to sell these securities, and it is not soliciting an offer to buy these securities, in any state or jurisdiction where the offer or sale is not permitted.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.

The date of this prospectus is [●], 2025.

TABLE OF CONTENTS

|                                     |     | Page |    |
| RISK FACTORS                        |     |      |  1 |
| ABOUT THIS PROSPECTUS               |     |      |  1 |
| FORWARD-LOOKING STATEMENTS          |     |      |  1