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<SEC-DOCUMENT>0000950128-03-001294.txt : 20031224
<SEC-HEADER>0000950128-03-001294.hdr.sgml : 20031224
<ACCEPTANCE-DATETIME>20031224071441
ACCESSION NUMBER:		0000950128-03-001294
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20031224
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20031224

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:		031072658

	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>l04792ae8vk.txt
<DESCRIPTION>CENTRAL FEDERAL CORPORATION   8-K
<TEXT>
<PAGE>


                                  UNITED STATES
                       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): December 24, 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         42968              (330) 532-1517
- ---------------------------------         -----              --------------
     (Address of principal              (Zip Code)      (Registrant's Telephone
       executive offices)                                       Number)






<PAGE>




ITEM 5.  OTHER EVENTS AND REQUIRED FD DISCLOSURE

On December 23, 2003, the registrant issued a press release announcing that:
     1) its Board of Directors, at their meeting on December 18, 2003, declared
a cash dividend of 9 cents per share on its common stock to be paid on January
19, 2004 to shareholders of record on January 8, 2004;
     2) on December 12, 2003, Central Federal Corporation issued $5.0 million in
trust preferred securities through Central Federal Capital Trust I, a wholly
owned subsidiary of Central Federal Corporation, and;
     3) on November 17, 2003, Central Federal Bank opened its Columbus office,
located at 4249 Easton Way, Suite 125, Columbus, Ohio 43219.

A copy of the press release is included as Exhibit 99 to this Current Report on
Form 8-K.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

(c) Exhibits

     99 Press release issued on December 23, 2003





<PAGE>





                                   SIGNATURES


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

Date: December 24, 2003                   By:  /s/ Therese Ann Liutkus
                                               ---------------------------------
                                               Therese Ann Liutkus, CPA
                                               Chief Financial Officer











</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>l04792aexv99.txt
<DESCRIPTION>EX-99
<TEXT>
<PAGE>



PRESS RELEASE

FOR IMMEDIATE RELEASE

DATE:      December 23, 2003
COMPANY:   Central Federal Corporation
           2841 Riviera Drive
           Suite 300
           Akron, Ohio  44333
CONTACT:   David C. Vernon
           Chairman, President and CEO
PHONE:     330.666.7979             FAX:     330.666.7959

Akron, Ohio - December 23, 2003 - Central Federal Corporation (Nasdaq: GCFC)
announced today that its Board of Directors, at their meeting on December 18,
2003, declared a cash dividend of 9 cents per share on its common stock to be
paid on January 19, 2004 to shareholders of record on January 8, 2004.

On December 12, 2003, Central Federal Corporation issued $5.0 million in trust
preferred securities through Central Federal Capital Trust I, a wholly owned
subsidiary of Central Federal Corporation.

On November 17, 2003, Central Federal Bank opened its Columbus office, located
at 4249 Easton Way, Suite 125, Columbus, Ohio 43219.


ABOUT CENTRAL FEDERAL BANK AND CENTRAL FEDERAL CORPORATION

Central Federal Bank is a community-oriented financial institution organized in
1892. It operates two offices in Columbiana County, Ohio, one in Columbus, Ohio,
and a temporary office in Fairlawn, Ohio. The Bank plans to occupy a new office
building now under construction at the corner of Smith and Ghent Roads in
Fairlawn, Ohio. The office is scheduled to open in the first quarter of 2004.
Central Federal Corporation (NASDAQ: GCFC) is the holding company of Central
Federal Bank and was organized as a Delaware corporation in September 1998 in
connection with the Bank's conversion from a



<PAGE>


mutual to stock organization, which was completed on December 30, 1998.

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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