An investigation on behalf of current long-term investors in shares of Central Federal Corporation (NASDAQ:CFBK) was announced over potential breaches of fiduciary duties by certain officers and directors at Central Federal.

The investigation by a law firm concerns whether certain Central Federal officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Worthington, OH based Central Federal Corporation is a holding company of CFBank, is a national bank. The Company attracts retail and business deposits from the general public and use the deposits, together with borrowings and other funds, primarily to originate commercial and commercial real estate loans, single-family and multi-family residential mortgage loans and home equity lines of credit.