Company: CFBK
Filing Date: 2025-01-21
Form Type: S-3/A
Source: 0001193125-25-009427
Chunk: 8

Company: CF BANKSHARES INC.
Filing Date: 2025-01-21
Form: S-3/A
Chunk 8
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 the financial needs of closely held businesses and entrepreneurs, by providing comprehensive Commercial, Retail and Mortgage Lending services, including online and mobile
banking. 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.

Our revenues are derived principally from the generation of interest and fees on loans originated by
CFBank and, to a lesser extent, interest and dividends on securities. Our primary sources of funds are retail and business deposit accounts and certificates of deposit and, to a lesser extent, brokered deposits, principal and interest payments on
loans and securities, Federal Home Loan Bank advances, other borrowings and proceeds from the sale of loans.

At September 30, 2024,
our consolidated assets totaled $2.07 billion and our stockholders’ equity totaled $164.0 million.

Our principal executive
offices are located at 4960 E. Dublin Granville Road, Suite #400, Columbus, Ohio 43081. The telephone number of our corporate headquarters is (614) 334-7979 and our website address is .
Information on our website is not incorporated by reference in, or otherwise a part of, this prospectus or any applicable prospectus supplement.

Additional information about us is included in our filings with the SEC, which are incorporated by reference into this prospectus. See
“WHERE YOU CAN FIND MORE INFORMATION” and “INCORPORATION BY REFERENCE” in this prospectus.

USE OF PROCEEDS

We will not receive any of the proceeds from the sale of the Non-Voting Common Stock or the Voting
Common Stock issuable upon conversion of the Non-Voting Common Stock by any Selling Securityholder. All proceeds from the sale of these Securities will be solely for the accounts of the Selling
Securityholders.

4

SELLING SECURITYHOLDERS

On October 31, 2019, pursuant to the terms of a Securities Purchase Agreement dated October 25, 2019 (the “Securities Purchase
Agreement”), by and among the Company, the Selling Securityholders and certain other purchasers, we completed a private placement (the “Private Placement”) in which we issued an aggregate of 849,615 shares of the Company’s Voting
Common Stock at a purchase price of $12.00 per share and 12,337 shares of a new series of the Company’s Non-Voting Convertible Perpetual Preferred