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Summary

Name Age Since Current Position

Robert Hoeweler

64 2012 Chairman of the Board of the Company and the Bank

Thad Perry

68 2012 President of the company and the bank, Director

Timothy O'Dell

59 2012 Chief Executive Officer of the company and the bank, Director

John Helmsdoerfer

55 2013 Chief Financial Officer, Executive Vice President, Treasurer of the Company and the Bank

Timothy Fitzwater

64 Senior Commercial Officer of CFBank

John Lawell

48 Senior Vice President - Operations of CFBank

Edward Cochran

2012 Director

James Frauenberg

37 2012 Director

Donal Malenick

74 2012 Director

Thomas Ash

62 1985 Independent Director

Biographies

Name Description

Robert Hoeweler

Mr. Robert E. Hoewele is appointed as the Chairman of the Board of Central Federal Corporation and CFBank. Mr. Hoeweler is Chief Executive Officer of a diverse group of companies owned by the Hoeweler family. The Hoeweler holdings include manufacturing, communication, distribution, business services and venture capital entities. Mr. Hoeweler has served on the boards of directors of one of the country’s privately owned waste and recycling companies since 1986 and a privately owned commercial bakery since 1988. Past board affiliations include Skipjack Financial Services from 1996-2009, a provider of payment processing services, and Winton Financial Corporation from 1989-2005, a savings and loan holding company located in Cincinnati, Ohio. Mr. Hoeweler’s tenure at Winton included its initial public offering in 1998 and he was Vice Chairman at the time of its ultimate sale in 2005 to WesBanco, Inc. Mr. Hoeweler is a graduate of the University of Cincinnati.

Thad Perry

Mr. Thad R. Perry is appointed as President of Company and CFBank and Director of Central Federal Corporation. Mr. Perry was a Senior Partner with Accenture for over 30 years where he was involved in consulting, transaction structuring and management of operations. He operated the firm’s Columbus, Ohio practice and developed its regulated industries practice. Mr. Perry obtained considerable international experience during his time at Accenture. From 1988 through 1998, Mr. Perry managed Accenture’s German, Austrian and Swiss practices. He was also the Chief Operating Officer of Western Europe operations, and served on Accenture’s European Management Board and the Global Strategic Planning, Management, Markets, Executive, Outsourcing and Technology Committees. He was heavily involved in directing the firm’s strategy and mobilization initiatives associated with East Europe, and supervised ongoing operations there. His experiences in banking include the transformation of both the technical and business processes for credit card, internet banking and security, stock and trading exchanges, international banking and customer relationship management. Mr. Perry has an engineering degree and MBA from The Ohio State University, and has been honored as a Distinguished Alumnus from both colleges. Mr. Perry is also a Certified Public Accountant (inactive).

Timothy O'Dell

Mr. Timothy T. O'Dell is appointed as Chief Executive Officer of the Company and CFBank and Director of Central Federal Corporation. He is the founder and principal of the Chetwood Group, which provides advisory services to a number of privately held enterprises in construction, health care, real estate and professional services. Prior to founding Chetwood in 2003, Mr. O’Dell spent 22 years at Fifth Third Bank, and was a senior executive with Fifth Third’s Central Ohio operations for 12 of those years, concluding his tenure serving as President and Chief Executive Officer. For 10 of his years with Fifth Third – Central Ohio, Mr. O’Dell also served as a senior lender and managed its commercial banking and residential and commercial real estate divisions. Mr. O’Dell has served on the board of the Columbus Chamber of Commerce and The Ohio State University Medical Center, and he was a founding investor in the Ohio TechAngel Venture Fund. Mr. O’Dell is a graduate of Marshall University and has taken classes towards an MBA at Xavier University.

John Helmsdoerfer

Mr. John W. Helmsdoerfer, Jr., has been appointed as Chief Financial Officer, Executive Vice President, Treasurer of Central Federal Corp and CFBank, a subsidiary of the company, effective March 19, 2013. Mr. Helmsdoerfer has been engaged in the financial industry for over 30 years since graduating Cum Laude from Miami University in 1980. He is also a Certified Public Accountant and a member of the American Institute of Certified Public Accountants. He previously served as Chief Financial Officer of Wilmington Savings Bank; Vice President, Chief Financial Officer & Treasurer of Nationwide Bank; and Senior Vice President & Chief Financial Officer of Fifth Third Bank Central Ohio.

Timothy Fitzwater

Mr. Timothy R. Fitzwater serves as Senior Commercial Officer of CFBank of Central Federal Corporation. Prior to joining the company in June 2010, he had been retired for four years after a 36 year career with National City Bank (now PNC.) He joined National City in 1969 as a management trainee and was named President of the Northeast Region in 1997. He was in charge of Corporate Banking with oversight of other customer related divisions, including Retail, Dealer Sales and the Private Client Group. Mr. Fitzwater received a bachelor’s degree in general business from Bowling Green State University.

John Lawell

Mr. John S. Lawell serves as Senior Vice President - Operations of CFBank of Central Federal Corporation. He joined CFBank as Assistant Vice President of Operations in March of 2004. Formerly, Mr. Lawell was Assistant Vice President with Lake Shore Savings and Loan for 7 years. Mr. Lawell is a graduate of Lorain County Community College.

Edward Cochran

James Frauenberg

Mr. James Howard Frauenberg II, is appointed as Director of Central Federal Corporation. He is the principal owner of Addison Holding, LLC which manages investments of private individuals and has been active in opening new franchises for two retail chains, Five Guys Burgers and Fries and Flip Flops. Mr. Frauenberg was a senior officer with Check Smart Financial in Dublin, Ohio from 1995 to 2008, when he resigned.

Donal Malenick

Mr. Donal Malenick is appointed as the Director of Central Federal Corporation. He was Chief Executive Officer of Columbus Steel Castings from 2003 through 2008. Prior to that, Mr. Malenick was president of Worthington Steel from 1976 to 1999. Mr. Malenick was a board member of Max and Erma’s Restaurants of Columbus, Ohio from 2006 until it was sold in 2008, and was a member of KeyBank’s advisory board from 2001 to 2005. Mr. Malenick has been a private investor since 2008.

Thomas Ash

Mr. Thomas P. Ash serves as an Independent Director of Central Federal Corporation since 1985. He has been Director of Governmental Relations at the Columbus, Ohio-based Buckeye Association of School Administrators since August 2005. Prior to that time, Mr. Ash was Superintendent of Schools, Mid-Ohio Educational Service Center in Mansfield, Ohio from January 2000 through July 2005. Mr. Ash was the Superintendent of Schools, East Liverpool City School District in East Liverpool, Ohio from August 1984 to December 1999. As Superintendent at Mid-Ohio Educational Service Center and East Liverpool City School District, his experience included financial reporting and analysis, supervising and directing financial staff members, implementing and complying with U.S. generally accepted accounting principles (GAAP) reporting requirements, and developing internal controls. He does not serve, and has not served in the last five years, on the board of directors of any other public company.

Basic Compensation

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