On June 25, 2020, Central Federal Corporation (the Company) announced that John W. Helmsdoerfer will resign as Chief Financial Officer and Treasurer of the Company effective as of July 8, 2020. The Board of Directors of the Company intends to conduct a search of potential internal and external candidates to replace Mr. Helmsdoerfer. In the interim, the Company's President and Chief Executive Officer, Timothy T. ODell, will work with CFBanks Controller, Kevin Beerman, to assume the duties as principal financial officer and principal accounting officer of the Company.