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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950152-03-007870.txt : 20030821
<SEC-HEADER>0000950152-03-007870.hdr.sgml : 20030821
<ACCEPTANCE-DATETIME>20030821171505
ACCESSION NUMBER:		0000950152-03-007870
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030820
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20030821

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CENTRAL FEDERAL CORP
		CENTRAL INDEX KEY:			0001070680
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				341877137
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25045
		FILM NUMBER:		03860756

	BUSINESS ADDRESS:	
		STREET 1:		C/O CENTRAL FEDERAL BANK
		STREET 2:		601 MAIN ST
		CITY:			WELLSVILLE
		STATE:			OH
		ZIP:			43968
		BUSINESS PHONE:		3305321517

	MAIL ADDRESS:	
		STREET 1:		C/O CENTRAL FEDERAL BANK
		STREET 2:		601 MAIN ST
		CITY:			WELLSVILLE
		STATE:			OH
		ZIP:			43968

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRAND CENTRAL FINANCIAL CORP
		DATE OF NAME CHANGE:	19980918
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>l02758ae8vk.txt
<DESCRIPTION>CENTRAL FEDERAL CORPORATION | FORM 8-K
<TEXT>
<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549
                                    FORM 8-K

                 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

        Date of Report (Date of Earliest Event Reported): August 20, 2003

                           CENTRAL FEDERAL CORPORATION
             (Exact name of registrant as specified in its charter)

           Delaware                      0-25045                34-1877137
(State or other jurisdiction of        (Commission            (IRS employer
incorporation or organization)         file number)       identification number)

601 Main Street, Wellsville, Ohio             43968             (330) 531-1517
(Address of Principal Executive Offices)       (Zip Code)     (Telephone Number)




<PAGE>




Item 5 Other Events and Required FD Disclosure

On August 20, 2003, the registrant issued a press release announcing that
William R. Downing and Jerry F. Whitmer have been elected to the Board of
Directors of both the Corporation and the Bank. A copy of the press release is
included as Exhibit 99.1 to this Current Report on Form 8-K.

Item 7 Financial Statements, Pro Forma Financial Information and Exhibits.

(c) Exhibits

99.1 Press release issued on August 20, 2003, the registrant issued a press
release announcing that William R. Downing and Jerry F. Whitmer have been
elected to the Board of Directors of both the Corporation and the Bank.



<PAGE>




                                   SIGNATURE

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 hereunto duly authorized.


CENTRAL FEDERAL CORPORATION


Dated: August 21, 2003

By: /s/ David C. Vernon
- ---------------------
David C. Vernon
Chairman, President & CEO




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>l02758aexv99w1.txt
<DESCRIPTION>EX-99.1 PRESS RELEASE
<TEXT>
<PAGE>
                                                                 Exhibit 99.1


                                  PRESS RELEASE


FOR IMMEDIATE RELEASE

DATE:             August 20, 2003
COMPANY:          Central Federal Corporation and Central Federal Bank
                  601 Main Street, Wellsville, Ohio 43968
CONTACT:          David C. Vernon
PHONE:            330-532-1517
FAX:              330-532-3875


Wellsville, Ohio - Central Federal Corporation (Nasdaq: GCFC) and Central
Federal Bank, today announced that William R. Downing and Jerry F. Whitmer have
been elected to the Board of Directors of both the Corporation and the Bank.

William R. Downing has been a lifetime resident of Akron, Ohio. Mr. Downing is
President of R.H. Downing, Inc. an automotive supply, sales and marketing agency
and Chairman and Chief Executive Officer of JohnDow Industries, Inc., a
manufacturer and distributor of lubrication and fluid handling equipment. Mr.
Downing founded JohnDow Industries, Inc. in 1988. He received a Bachelor of
Science degree in Business Administration from Wittenberg University in 1963.

Jerry F. Whitmer was born in Fulton County, Ohio and has been a resident of
Akron, Ohio for the past 40 years. Mr. Whitmer serves as the Managing Partner
of Brouse McDowell, LPA, a law firm headquartered in Akron, Ohio. Mr. Whitmer
joined the firm in 1971. He is a member of the Akron, Ohio, and American Bar
Associations. Mr. Whitmer received a Bachelor of Arts degree from Kent State
University in 1957 and a Juris Doctor degree from Case Western Reserve
University in 1960. Brouse McDowell serves as counsel to the Company.

ABOUT GRAND CENTRAL CORPORATION

Central Federal Corporation is the holding company of Central Federal Bank and
was organized as a Delaware corporation in September 1998 in connection with
Central Federal Bank's conversion from a mutual to stock organization. Central
Federal Bank is a community-oriented financial institution organized in 1892.

This release contains certain forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended. We intend these
forward-looking statements to be subject to the safe harbor created by that
provision. These forward-looking statements involve risks and uncertainties and
include, but are not limited to, statements regarding future events and our
plans, goals and objectives. Our actual results may differ materially from these
statements. Although we believe the assumptions underlying the forward-looking
statements are reasonable, any of the assumptions could prove to be inaccurate.
Therefore, we can give no assurance that the results contemplated in these
forward-looking statements will be realized. The inclusion of this
forward-looking information should not be regarded as a representation by our
company or by any person that the future events, plans or expectations
contemplated by our company will be achieved. Furthermore, past performance in
operations and share price is not necessarily predictive of future performance.



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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