-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 BGM/6ySZ3jnjiX0GkwZqJjW0kBTpHMB1XvAKghns+pGZcIpFnreFYY0+258yRQyY
 l5Zm29GLakzfBH4H/9Qflw==

<SEC-DOCUMENT>0000950152-04-008563.txt : 20041124
<SEC-HEADER>0000950152-04-008563.hdr.sgml : 20041124
<ACCEPTANCE-DATETIME>20041124115256
ACCESSION NUMBER:		0000950152-04-008563
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20041124
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20041124
DATE AS OF CHANGE:		20041124

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:		041165849

	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>l10726ae8vk.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): November 24, 2004


                           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)                      File Number)       Identification Number)


2923 Smith Road, Fairlawn, Ohio              44333          (330) 666-7979
- -------------------------------              -----           --------------
(Address of principal executive offices)   (Zip Code)    (Registrant's Telephone
                                                                Number)

                ------------------------------------------------
          (former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))






<PAGE>


ITEM 8.01.  OTHER EVENTS

On November 24, 2004, the registrant issued a press release announcing an update
to the special stockholders' meeting to approve a reverse stock split. A copy of
the press release is included as Exhibit 99 to this report.


ITEM 9.01.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

(c) Exhibits

         99  Press release issued on November 24, 2004




<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:  November 24, 2004                  By:    /s/ Therese Ann Liutkus
                                                  ------------------------
                                                  Therese Ann Liutkus, CPA
                                                  Treasurer and Chief Financial
                                                  Officer








</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>l10726aexv99.txt
<DESCRIPTION>EXHIBIT 99
<TEXT>
<PAGE>


                                                                    Exhibit 99

PRESS RELEASE


FOR IMMEDIATE RELEASE

Date:          November 24, 2004
Company:       Central Federal Corporation
               2923 Smith Road
               Fairlawn, Ohio  44333
Contact:       David C. Vernon
               Chairman, President and CEO
Phone:         330.666.7979                     Fax:       330.666.7959

CENTRAL FEDERAL CORPORATION ANNOUNCES UPDATE TO SPECIAL STOCKHOLDERS' MEETING
TO APPROVE REVERSE STOCK SPLIT

Fairlawn, Ohio - November 24, 2004 - Central Federal Corporation (Nasdaq: GCFC)
announced that the Board has unanimously approved a 1-to-500 reverse stock split
of the Company's common stock as part of a "going private" transaction. The
Company had previously announced that the reverse stock split would be proposed
at a ratio of 1-to-1,000 shares. After considering the number of shares to be
purchased, the total cost to the Company, and the number of stockholders
remaining after a reverse stock split, the Board of Directors concluded that a
reverse split of 1-to-500 was advisable.

At a special meeting of stockholders to be held on a date to be announced,
stockholders will be asked to approve the reverse stock split by authorizing an
amendment to the Company's Certificate of Incorporation. The record date for the
meeting that was previously announced by the Company to be November 11, 2004 has
been extended to a later date to be announced.

If the proposed reverse stock split is approved, each stockholder would receive
one share of new common stock for each 500 shares of the Company's common stock
owned on the effective date of the reverse stock split. No fractional shares
would be issued. Any fractional share resulting from the split would be redeemed
by the Company for a cash payment equal to $14.50 per pre-split share. The
Company expects to pay cash from working capital of approximately $2,068,500 in
the aggregate to repurchase fractional shares and pay the costs of the
transaction. If the amendment to the Company's Certificate of Incorporation
receives approval at the special meeting of stockholders, the Board intends to
effect the split immediately thereafter.

As a result of the split, the Company expects to have fewer than 300 record
holders of its common stock, permitting the Company to terminate the
registration

<PAGE>
of its common stock with the Securities and Exchange Commission under the
Securities Exchange Act of 1934. The Company intends to apply for such
termination as soon as practicable after effecting the split. Thereafter, the
Company's common stock no longer will be quoted on Nasdaq(R), but it will be
eligible for quotation in the over-the-counter market maintained by the NASD
Electronic Bulletin Board (OTCBB) so long as the Company remains current in its
filings with the US Department of Treasury, Office of Thrift Supervision, and
one or more market makers undertakes to make a market in the Company's common
stock. At least one market maker that currently follows the Company is expected
to continue to make a market in the Company's common stock on the OTCBB.


About Central Federal Corporation and CFBank

Central Federal Corporation (Nasdaq: GCFC), the holding company for CFBank, was
organized as a Delaware corporation in September 1998 in connection with the
bank's conversion from a mutual to stock organization, which was completed on
December 30, 1998. CFBank is a community-oriented financial services company
founded in 1892. Its home office is in Fairlawn, Ohio. It operates two
additional offices in Columbiana County, Ohio, and one in Columbus, Ohio.
Reserve Mortgage Services, Inc., an Ohio corporation with offices in Akron, Ohio
and Atlanta, Georgia, originates and services residential mortgages and became a
wholly owned subsidiary of CFBank on October 22, 2004.

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 assurances 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>
-----END PRIVACY-ENHANCED MESSAGE-----
