An investigation on behalf of investors in Central Federal Corporation (NASDAQ: CFBK) shares over potential wrongdoing at Central Federal was announced and NASDAQ: CFBK stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/14/2019 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Central Federal.
Investors who purchased shares of Central Federal Corporation (NASDAQ: CFBK) and currently hold any of those NASDAQ: CFBK shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Central Federal directors breached their fiduciary duties and caused damage to the company and its shareholders.
Worthington, OH based Central Federal Corporation operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. Central Federal Corporation reported that its annual Total Revenue rose from $14.41 million in 2017 to $20.6 million in 2018 and that its Net Income increased from $1.34 million in 2017 to $4.27 million in 2018.
Shares of Central Federal Corporation (NASDAQ: CFBK) declined from $16.95 per share in September 2018 to as low as $10.64 per share in late December 2018.
On May 13, 2019, NASDAQ: CFBK shares closed at $12.73 per share.
Those who purchased shares of Central Federal Corporation (NASDAQ: CFBK), have certain options and should contact the Shareholders Foundation.
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