CF Bankshares Inc. Welcomes Matt Tuohey as Market President for Northeast Ohio
CF Bankshares Inc., the holding company for CFBank, is thrilled to announce the addition of Matt Tuohey as the Market President for the Northeast Ohio area, which includes Greater Cleveland. With a wealth of experience spanning over three decades in the banking sector, Matt has a proven track record in leadership and team building, making him a formidable asset for CFBank.
A Proven Leader in Banking
Matt Tuohey previously served as the Senior Vice President and Commercial Team Lead at WesBanco, where he was instrumental in establishing a new loan production office in Cleveland. His role involved collaborating with commercial banking teams to foster growth and increase the bank's footprint in the region. Tuohey has developed an extensive network within the local business community through his previous leadership positions at notable institutions like Chemical Bank and National City Bank.
Brad Ringwald, President of CFBank, expressed enthusiasm about Tuohey joining the team. "We're excited to welcome Matt to the CFBank family. His deep understanding of the Northeast Ohio market and considerable leadership experience will be invaluable as we aim to strengthen our commercial banking presence and partnerships in the region," said Ringwald.
Commitment to Local Businesses
Tim O'Dell, President and CEO of CF Bankshares, reaffirmed the company's dedication to providing high-quality banking solutions to closely held businesses and entrepreneurs across all five major metro markets in which CFBank operates, including Columbus, Cleveland, Cincinnati, Akron, and Indianapolis. Tuohey's appointment is seen as a step towards fulfilling this commitment.
CFBank has distinguished itself as a boutique commercial bank that maintains the sophistication of larger banks but remains focused on personalized service. Since its recapitalization in 2012 during the financial crisis, CFBank has achieved an impressive compound annual growth rate (CAGR) of over 20%. This growth reflects the bank's strategic focus on the financial needs of closely held businesses and entrepreneurs by offering a comprehensive range of commercial, retail, and mortgage lending services.
Looking Ahead
As Tuohey steps into his role, he is expected to elevate CFBank's engagement with local businesses further. With his extensive market knowledge and leadership skills, he is well-positioned to build upon the bank's reputation for individualized service, making it easier for clients to access decision-makers and streamline their banking experience.
In conclusion, Matt Tuohey's appointment as Market President is a strategic move for CF Bankshares as it seeks to expand its influence and offerings in Northeast Ohio. His rich background and established connections in the banking industry will no doubt contribute positively to CFBank's future endeavors and growth in the region.
For more information about CFBank and its services, visit
www.CF.Bank.