8-K

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): May 26, 2010

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

Delaware	0-25045	34-1877137
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2923 Smith Road, Fairlawn, Ohio	44333
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (330) 666-7979

(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:

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

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

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

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

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(c) On May 26, 2010, the registrant issued a press release announcing the appointment of Therese A. Liutkus, CPA, to President and Chief Financial Officer of the registrant and CFBank effective June 1. The press release is attached as Exhibit 99.1. Ms. Liutkus has been with the registrant as Treasurer and Chief Financial Officer since November 2003, and will also retain her title as Treasurer. Prior to joining the registrant, Ms. Liutkus was chief financial officer for First Place Financial Corp. and First Place Bank. She started her career in public accounting prior to joining FFY Bank in 1986.

Item 9.01. Exhibits

99.1 Press release issued May 26, 2010.

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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: May 26, 2010

By: /s/ Therese Ann Liutkus                             
Therese Ann Liutkus, CPA
Treasurer and Chief Financial Officer

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EX-99.1

Exhibit 99.1

For Further Information:
Eloise L. Mackus, Interim CEO
Phone: 330.576.1208
Fax: 330.666.7979

David Hertz, Dix & Eaton
Phone: 216.241.2145
Fax: 216.241.3070

THERESE LIUTKUS IS NAMED PRESIDENT AND CFO
OF CENTRAL FEDERAL CORPORATION AND CFBANK

Fairlawn, Ohio – May 26, 2010 – Central Federal Corporation (Nasdaq: CFBK) announced today that its Board of Directors has promoted Therese A. Liutkus to President and Chief Financial Officer of the Company and CFBank, effective June 1.

Liutkus, 51, a CPA who brings 25 years of banking-related experience to her position, has served as Chief Financial Officer since 2003.

“It is with great enthusiasm and confidence that the Board entrusts Terri with additional responsibilities as part of an orderly transition of leadership,” said Jerry F. Whitmer, Chairman of the Board. “We look forward to her continuing contributions in carrying out the bank’s mission and business plan.”

Eloise L. Mackus, who last week became Interim Chief Executive Officer, said, “Terri is an integral part of our seasoned management team. I value her tremendous insights and vision, which draw upon her well-rounded experience in banking, accounting and finance.”

Before joining the bank, Liutkus was chief financial officer for First Place Financial Corp. and First Place Bank. She started her career in public accounting prior to joining FFY Bank in 1986.

Liutkus received her BBA degree, Magna Cum Laude, from Cleveland State University in 1981.

About Central Federal Corporation and CFBank

Central Federal Corporation is the holding company for CFBank, a federally chartered savings association formed in Ohio in 1892. CFBank has four full-service banking offices in Fairlawn, Calcutta, Wellsville and Worthington, Ohio. Additional information about CFBank’s banking services and the Company is available at www.CFBankOnline.com

Statements in this release that are not statements of historical fact are forward-looking statements. A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. The Company believes it has chosen these assumptions or bases in good faith and that they are reasonable. We caution you however, that assumptions or bases almost always vary from actual results, and the differences between assumptions or bases and actual results can be material. The forward-looking statements included in this release speak only as of the date they are made. We undertake no obligation to publicly release revisions to any forward-looking statements to reflect events or circumstances after the date of such statements, except to the extent required by law.

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