Angie Medwick has been appointed as the Chief Financial Officer of Central Federal Bancshares, Inc. (the Company), effective June 1, 2016. Ms. Medwick, age 48, has served as a profitability analyst and consultant, and provided accounting services as an independent contractor, with High Performance Consulting, Inc., Grand Junction, Colorado (from April 2008) and Angie Medwick, IC&C, LCC, Cuba, Missouri (from January 2009), primarily for financial institutions with assets ranging from $75 million to $1.2 billion. In these roles she evaluated income, operating expenses, accounting, operations and bank practices to improve profitability, procedures and technology utilization; evaluated accounting and operations departments to determine skill level, evaluate workflow and recommend restructuring plans; and worked with core software vendors to identify efficiencies for her clients. Prior to 2008, Ms. Medwick was Vice President - Controller / Operations and Information Technology, for Peoples Bank, Cuba, Missouri, where, among other matters, she was responsible for the preparation of financial statements, regulatory reports, financial forecasts and budgets and for oversight of general accounting functions, including accounts payable, fixed assets, collections, reconciliations and cash management.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
CENTRAL FEDERAL BANCSHARES, INC.
Date:June 1, 2016
/s/ William A. Stoltz
William A. Stoltz
President and Chief Executive Officer
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