8-K

                       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): July 14, 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) 532-1517
(Address of Principal Executive Offices)  (Zip Code)        (Telephone Number)


















Item 5 Other Events and Required FD Disclosure

On July 2, 2003, the registrant issued a press release announcing that Janna
Cable and Marjorie Minor were promoted to Loan Officers for the registrant's
subsidiary, Central Federal 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 July 2, 2003 announcing that Janna Cable and
Marjorie Minor were promoted to Loan Officers for the registrant's subsidiary,
Central Federal Bank.









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: July 14, 2003

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

EX-99.1

                                                                    Exhibit 99.1


PRESS RELEASE
- -------------

                                                           FOR IMMEDIATE RELEASE

Contact:   David C. Vernon, Chairman, President and CEO
           330-666-7979

                  Central Federal Bank Appoints Janna Cable and
                 Marjorie Minor to the Position of Loan Officer

WELLSVILLE, OHIO - JULY 2, 2003 - Central Federal Bank, a subsidiary of Central
Federal Corporation (NASDAQ: GCFC), announced that the board of directors, at
its June 18, 2003 meeting, elected Janna Cable and Marjorie Minor to the
position of Loan Officer.

With 17 years of banking experience, Janna Cable graduated from the Youngstown
Chapter #2 Institute of Financial Education, while attending she received the
education achievement award, management award and student of the year honors.

With nearly 33 years of banking experience, Minor attended Youngstown Chapter #2
Institute of Financial Education with honors in education achievement and
management. In addition to her duties as a Loan Officer, Marjorie is also
responsible for the Bank's security cash audit procedures.

"I am proud to be associated with both Janna and Marjorie," said David C.
Vernon, Chairman and CEO. "Both have been long time loyal employees of Central
Federal who very much deserve this recognition."

For more information about Central Federal, contact David C. Vernon at
330-666-7979 or Edward L. Baumgardner, President, Columbiana County Region at
330.532.1517.

ABOUT JANNA CABLE

Janna started her career with Central Federal Bank in 1986 as a Teller in the
Calcutta office. In 1991, she transferred to the Wellsville office and worked as
a Loan Processor. In 1997, Janna was promoted to Mortgage Loan Consultant. Janna
has also served as Secretary and Treasurer for the Institution. She resides in
East Liverpool.

ABOUT MARJORIE MINOR

Marjorie, who started her career with Central Federal in 1970 as a Teller in
Wellsville, later progressed to Head Teller, Assistant Manager and the Branch
Manager in Calcutta. In 1991, she transferred back to Wellsville where she
became a Mortgage Loan Consultant. She resides in Salineville.



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 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.