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): September 22, 2005
CENTRAL FEDERAL CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-25045 34-1877137
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification Number)
2923 Smith Road, Fairlawn, Ohio 44333 (330) 666-7979
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(Address of Principal Executive Offices) (Zip Code) (Registrant's
Telephone Number)
Not Applicable
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(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))
ITEM 2.06 MATERIAL IMPAIRMENTS
(a) On September 22, 2005 the registrant determined that goodwill and
other intangible assets related to the October 2004 acquisition of
Reserve Mortgage Services, Inc. (Reserve) were impaired and recorded
the impairment loss. On September 27, 2005 the registrant issued a
press release announcing the amount and reasons for the impairment
charge. A copy of the press release is included as Exhibit 99 to this
report.
(b) The amount of the impairment is $1.9 million.
(c) None.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99 Press release issued on September 27, 2005 announcing the
impairment loss.
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: September 27, 2005 By: /s/ Therese Ann Liutkus
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Therese Ann Liutkus, CPA
Treasurer and Chief Financial Officer