-----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,
 WdDqujD4dir4dH/BMDsexEbGODPRDBDHDbsmCl8fhbJ2OfnypeF3UC7zOLd7OcgH
 mPoodUbZRIIzWVucYbWOFw==

<SEC-DOCUMENT>0000950152-04-009018.txt : 20041217
<SEC-HEADER>0000950152-04-009018.hdr.sgml : 20041217
<ACCEPTANCE-DATETIME>20041217131951
ACCESSION NUMBER:		0000950152-04-009018
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20041217
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20041217
DATE AS OF CHANGE:		20041217

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:		041210700

	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>l11101ae8vk.txt
<DESCRIPTION>CENTRAL FEDERAL CORPORATION
<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 17, 2004


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


         Delaware                        0-25045                34-1877137
         --------                        -------                ----------
(State or other jurisdiction           (Commission            (IRS Employer
     of 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 5.02.  APPOINTMENT OF PRINCIPAL OFFICERS; DEPARTURE OF PRINCIPAL OFFICERS

On December 17, 2004, the registrant issued a press release announcing that Mark
S. Allio had been named Vice Chairman, President and CEO of Central Federal
Corporation and Vice Chairman and CEO of CFBank effective February 1, 2005.
Refer to a copy of the press release, included as Exhibit 99.1 to this Current
Report on Form 8-K for information regarding Mr. Allio's business experience.
Mr. Allio does not hold directorships in any other reporting companies nor does
he have any family relationships with other directors or executive officers of
the Company. During the last two years, neither Mr. Allio nor any member of his
immediate family has had, or is to have any direct or indirect material interest
in any transactions or proposed transactions with the Company.

David C. Vernon, current Chairman, President and CEO of Central Federal
Corporation and Chairman and CEO of CFBank, will remain Chairman of the Board of
the Corporation and CFBank for another year, until December 31, 2005, at which
time he will become Vice Chairman of the Corporation and Bank, and Mr. Allio
will assume the position of Chairman. Mr. Vernon will remain Vice Chairman until
his expected retirement date in February 2008. At that time Mr. Vernon will be
named Chairman Emeritus and remain a Director of the Corporation and CFBank.

A copy of the press release is included as Exhibit 99.1 to this Current Report
on Form 8-K.



ITEM 8.01.  OTHER EVENTS

On December 17, 2004, the registrant issued a press release announcing that its
Board of Directors declared a cash dividend of 9 cents per share on its common
stock to be paid on January 14, 2005 to shareholders of record on January 3,
2005.

A copy of the press release is included as Exhibit 99.2 to this Current Report
on Form 8-K.

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

(c) Exhibits

      99.1     Press release issued on December 17, 2004 announcing change in
               principal officers

      99.2     Press release issued on December 17, 2004 announcing dividends




<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 17, 2004                      By: /s/ Therese Ann Liutkus
                                                   ----------------------------
                                                   Therese Ann Liutkus, CPA
                                                   Treasurer and Chief
                                                   Financial Officer






</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>l11101aexv99w1.txt
<DESCRIPTION>EXHIBIT 99.1 - PRESS RELEASE ANNOUNCING CHANGE IN OFFICERS
<TEXT>
<PAGE>

                                                                EXHIBIT 99.1
PRESS RELEASE

FOR IMMEDIATE RELEASE

DATE:             December 17, 2004
COMPANY:          Central Federal Corporation and CFBank
                  2923 Smith Road
                  Fairlawn, Ohio  44333
CONTACT:          David C. Vernon
                  Chairman, President and CEO
PHONE:            330.666.7979                    Fax:     330.666.7959

MARK S. ALLIO NAMED VICE CHAIRMAN, PRESIDENT AND CEO OF CENTRAL FEDERAL
CORPORATION AND VICE CHAIRMAN AND CEO OF CFBANK.

Fairlawn, Ohio - December 17, 2004 - Central Federal Corporation (Nasdaq: GCFC)
announced that Mark S. Allio has been named Vice Chairman, President and CEO of
Central Federal Corporation and Vice Chairman and CEO of CFBank effective
February 1, 2005. David C. Vernon, current Chairman, President and CEO of
Central Federal Corporation and Chairman and CEO of CFBank, will remain Chairman
of the Board of the Corporation and CFBank for another year, until December 31,
2005, at which time he will become Vice Chairman of the Corporation and Bank,
and Mr. Allio will assume the position of Chairman. Mr. Vernon will remain Vice
Chairman until his expected retirement date in February 2008. At that time Mr.
Vernon will be named Chairman Emeritus and remain a Director of the Corporation
and CFBank.

"This is a significant step in strengthening the management of Central Federal
Corporation and CFBank. It is rare for a company our size to be able to attract
the management talent we have been able to bring to this Company, and adding Mr.
Allio to the management team brings us to the launch point as we complete the
process of positioning Central Federal Corporation and CFBank for growth and
increased profitability," said David C. Vernon.

"I have wanted to be part of this effort since the day Dave Vernon and I first
met. It was obvious from the beginning that we shared a vision about the kind of
outstanding financial services company we wanted to build together," added
Allio.

Akron business leader William Downing, who is a Director for both Central
Federal Corporation and CFBank, stated, "The employees of CFBank and the
communities served by the Bank are indebted to Dave Vernon for his
service-oriented approach to the banking business. We are fortunate that Dave
will remain with the Corporation and the Bank in a capacity that will insure the
same high level of



<PAGE>

personal service will continue and to foster a seamless transition to the
next generation of management."

ABOUT MARK S. ALLIO

Mr. Allio is an Akron native who attended Hoban High School and Baldwin Wallace
College. He worked in public accounting with the firms of Arthur Andersen and
KPMG for 12 years. His focus was in tax law and planning. In 1988 he joined
Third Federal Savings, in Cleveland, Ohio as their chief financial officer and
worked with a team to grow the business from $1.5 billion to $8.5 billion in
assets, becoming the largest federal mutual savings and loan in the country and
the largest residential lender in Cuyahoga, Summit, Franklin and Hamilton
Counties in Ohio. In 2000, he was promoted to President of Third Federal's
holding company and assisted in the growth of additional investments and
business activities. Mr. Allio left Third Federal in 2002 to pursue an
opportunity to obtain a charter and build a bank for Quicken Loans in Livonia,
Michigan. Mr. Allio joined the board of CFBank in June of 2003 and will begin
his management duties on February 1, 2005.

Mr. Allio resides in Bath, Ohio with his wife, Michele. Mark and Michele have
three children. They are members of St Hilary's Church and support many
non-profit organizations focusing on housing, hunger centers, elderly housing
and education.

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, became a wholly owned
subsidiary of CFBank in October 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 assumptions 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
chieved. Furthermore, past performance in operations and share price is not
necessarily predictive of future performance.




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>l11101aexv99w2.txt
<DESCRIPTION>EXHIBIT 99.2 - PRESS RELEASE ANNOUNCING DIVIDENDS
<TEXT>
<PAGE>


                                                                EXHIBIT 99.2

PRESS RELEASE


FOR IMMEDIATE RELEASE

DATE:         December 17, 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


Fairlawn, Ohio - December 17, 2004 - Central Federal Corporation (Nasdaq: GCFC)
announced today that its Board of Directors declared a cash dividend of 9 cents
per share on its common stock to be paid on January 14, 2005 to shareholders of
record on January 3, 2005.


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, became a wholly owned
subsidiary of CFBank in October 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 assumptions 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-----
