Central Federal Corp. announced that the Federal Reserve Bank of Cleveland (Fed) and the Office of the Comptroller of the Currency (OCC) have not objected to the appointment of Timothy T. O'Dell, founder and principal of Chetwood Group; Thad R. Perry, former senior partner of Accenture; Robert E. Hoeweler, chief executive officer of a group of companies owned by the Hoeweler family; James Howard Frauenberg, II, principal owner of Addison Holdings, LLC; and Donal Malenick, former chief executive officer of Columbus Steel Castings and president of Worthington Steel; as directors of the company upon completion of the rights offering. In addition, the Fed and OCC have not objected to the appointment of Mr. Hoeweler as Chairman of the Board, Mr. O'Dell as Chief Executive Officer and Mr. Perry as President of the company upon completion of the rights offering.