Ohio-based CFBank is expanding into the Indianapolis market, making it the bank’s first market outside of its home state.
CFBank, based in the Columbus suburb of Worthington, also operates in the Ohio markets of Columbus, Cleveland and Cincinnati.
The bank, which has $1.6 billion in assets and describes itself as a boutique commercial bank, has already begun hiring in Indiana. The local leadership team for Indianapolis includes Market President Dan Cobb and Chief Commercial Banking Officer Brad Ringwald.
“We are confident Dan will hit the ground running, and will quickly assemble an excellent team, including local treasury management and commercial bankers,” CFBank said in written comments.
A bank spokeswoman said Thursday that the company plans to operate a full-service banking center in Indianapolis but is still scouting local sites and hasn’t yet selected a location.
Founded in 1892 and originally operating as Central Federal Savings and Loan Association of Wellsville, CFBank specializes in commercial loans and leases, commercial and residential real estate lending, treasury management depository services and personal banking.