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 22, 2013 (May 16, 2013)

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 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 registrantunder 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))

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

On May 22, 2013,  the Company issued a press release announcing the election of Robert H. Milbourne as a director of Central Federal Corporation and CFBank effective May 16, 2013.  A copy of the press release is included as Exhibit 99 to this report.

There was no arrangement or understanding between Mr. Mibourne and any other persons pursuant to which Mr. Milbourne was selected as a director.  Mr. Milbournewas appointed to the Audit Committee, Compensation and Management Development Committee, and the Corporate Governance and NominationCommitteeof the Board of Directors.

Mr. Milbourne was approved as director to fill the remaining unexpired term of former director, William R. Downing, which expires on the date of the Annual Meeting in 2014.

There are no material plans, contracts or arrangements (whether or not written) to which Mr. Milbourne is a party or in which he participates requiring disclosure under this item.

The press release is attached as Exhibit 99.

Item 9.01  Financial Statements and Exhibits

(d) Exhibits

99  Press release issued May 22, 2013

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 22, 2013By:/s/ John W. Helmsdoerfer

John W. Helmsdoerfer, CPA

Chief Financial Officer

EX-99

Exhibit 99

PRESS RELEASE

For Immediate Release	May 22, 2013
For Further Information:	Tim O’Dell, CEO
	Phone: 330.576.1900
	Fax:  330.666.7959

CENTRAL FEDERAL CORPORATION ANNOUNCES APPOINTMENT OF NEW DIRECTOR

Fairlawn, Ohio - May 22, 2013 - Central Federal Corporation (NASDAQ:CFBK), the parent company of CFBank, today announced the appointment of Robert H. Milbourne as a director of the Company and CFBank. 

Mr. Milbournehas been engaged in economics, strategic planning, mergers and acquisitions of Fortune 500 companies as well as working as State Budget Director in Wisconsin.He earned his Bachelor’s degree in economics with honors at the University of Wisconsin in Madison. He also has a Master’s in Public Policy at the University of Wisconsin. He attended the Harvard Business School where he completed the Advanced Management Program.  Milbourne was the first President and CEO of the Columbus Partnership, an organization of leading CEOs in Central Ohio that aims to improve the economic growth of the region.  He also led a similar group in Milwaukee, Wisconsin for 17 years.

He has over thirty years of experience in the financial world. He currently is the head of RHM Advisors,a business consulting firm, specializing in business strategy, financing, and corporate development for public and private companies. He is also a consultant to business for government affairs, governance and project development.  

Bob Hoeweler, Chairman of the Board, commented, “We welcome Bob to the Board and look forward to working with him. Bob’s skills and experience augment those of the current Board members. Additionally, Bob has served on many corporate and nonprofit boards.”

Tim O’Dell, CEO, added, “We are excited to have Bob Milbourne join the Board of CFBank and Central Federal Corporation. Bob has many levels of business experience and is well connected to the local business community. Serving small to mid-sized businesses along with the executives and entrepreneurs who own and run them is the key focus of CF Bank. Bob’s business background and business connections will enable him to be a strong contributor in helping us to ensure the success and growth of CFBank.” 

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 is a full service business bank, along with being an active residential mortgage lender, in addition to providing consumer deposit and loan products and services.   We serve the NE and Central Ohio markets through our offices in Fairlawn and Worthington, Ohio. In addition, we have full service banking offices in Calcutta and Wellsville, Ohio, which are located in what is considered the Utica Shale investment corridor. Additional information about CFBank’s banking services and the Company is available at www.CFBankOnline.com.

Forward-Looking Information

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.