Raleigh, NC: Sageworks Inc., the developer of Sageworks Analyst, announced today that Mark S. Allio, Vice-Chairman, President and CEO of Central Federal Corporation, has been named to the company’s Bank Advisory Board. Members of the advisory board serve as external advisors to the management team and the company’s board of directors to help identify, launch and develop improvements to current products as well as provide strategic direction to new ventures. Sageworks currently has over 150 bank clients who subscribe to the Sageworks Analyst suite of patented credit analysis tools.

Mark S. Allio became Vice-Chairman, President and CEO of Central Federal Corporation in February 2005 and Chairman and CEO of CFBank in January 2006.

Allio has been involved in banking for nearly 30 years. He spent the first 12 years of his career consulting for banks throughout the US. He then became chief financial officer of Third Federal Savings and later became president of the parent company. Third Federal grew during his tenure from a $1.5 billion thrift to an $8.2 billion multi-bank diversified holding company. Before joining CFBank, he served as president and chief executive officer of a community bank in formation in Michigan.

An Akron native and lifelong resident, Allio graduated from Baldwin Wallace College. Since that time, he has developed community banking expertise in finance, operations, technology, residential lending, regulatory law, mergers and acquisitions, and strategy.
Allio is committed to community service and supports hospitals, schools, elder care, housing, hunger centers and education.

Sageworks’ Bank Advisory Board is intended to promote the overall quality and effectiveness of Sageworks solutions for the company’s bank clients. “As our Bank Advisory Board gains momentum and provides invaluable insight into the needs of the banking market, we look forward to improving our current technology and developing new technologies that enable credit analysts to work seamlessly and efficiently” says Brian Hamilton, Chief Executive Officer of Sageworks, Inc.

About Sageworks, Inc.

Sageworks is a financial services and information company based in Raleigh, North Carolina. Recently named to the Inc. 500’s list of fastest growing privately held companies in the United States, Sageworks is the developer of FIND (Financial Information into Narrative Data), a patented artificial intelligence technology that converts financial numbers into plain-language. Sageworks has licensed its core technology to thousands of accounting firms, financial institutions, and information providers.

For more information on Sageworks, please visit their corporate website at http://www.sageworksinc.com and product website at http://www.sageworksanalyst.com

Press Contact Information

Mike Dascola - Sageworks, Inc.
mike.dascola@sageworksinc.com
866-603-7029
5565 Centerview Drive, Suite 201 Raleigh, NC 27606

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