SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULES 13d-1(b), (c) AND (d)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No.__ )(1)
Central Federal Corporation
(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
15346Q103
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(CUSIP NUMBER)
January 11, 2006
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/X/ Rule 13d-1(c)
/ / Rule 13d-1(d)
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(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
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NAME OF REPORTING PERSONS: Jeffrey A. Miller
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) 0
(b) |X|
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SEC USE ONLY
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CITIZENSHIP OR PLACE OF ORGANIZATION United States of America
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NUMBER OF SOLE VOTING POWER 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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SHARED VOTING POWER 260,000
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SOLE DISPOSITIVE POWER 0
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SHARED DISPOSITIVE POWER 260,000
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 260,000
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1%
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TYPE OF REPORTING PERSON* IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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NAME OF REPORTING PERSONS: Eric D. Jacobs
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) 0
(b) |X|
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SEC USE ONLY
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CITIZENSHIP OR PLACE OF ORGANIZATION United States of America
--------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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SHARED VOTING POWER 260,000
--------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER 260,000
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 260,000
--------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1%
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TYPE OF REPORTING PERSON* IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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NAME OF REPORTING PERSONS: Miller & Jacobs Capital, L.L.C.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 13-3920489
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) 0
(b) |X|
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SEC USE ONLY
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CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Virgin Islands
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NUMBER OF SOLE VOTING POWER 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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SHARED VOTING POWER 260,000
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SOLE DISPOSITIVE POWER 0
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SHARED DISPOSITIVE POWER 260,000
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 260,000
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1%
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TYPE OF REPORTING PERSON* CO
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*SEE INSTRUCTION BEFORE FILLING OUT
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NAME OF REPORTING PERSONS: Acadia Master Fund I, Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) 0
(b) |X|
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SEC USE ONLY
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CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
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NUMBER OF SOLE VOTING POWER 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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SHARED VOTING POWER 237,846
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SOLE DISPOSITIVE POWER 0
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SHARED DISPOSITIVE POWER 237,846
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 237,846
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.6%
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TYPE OF REPORTING PERSON* CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a). Name of Issuer:
Central Federal Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
2923 Smith Road
Fairlawn, Ohio 44333
Item 2(a). Name of Persons Filing:
Jeffrey A. Miller
Eric D. Jacobs
Miller & Jacobs Capital, L.L.C.
Acadia Master Fund I, Ltd.
(collectively, the "Reporting Persons")
Item 2(b). Address of Principal Business Office or, if None, Residence:
The principal business address of Jeffrey A. Miller, Eric D.
Jacobs, and Miller & Jacobs Capital, L.L.C. is:
P.O. Box 26039 Gallows Bay Station
Christiansted, St. Croix, USVI 00824
The principal business address of Acadia Master
Fund I, Ltd. is:
c/o Butterfield Fund Services (Bermuda) Limited
Rosebank Centre
11 Bermudiana Road
Hamilton HM 08
Bermuda
Item 2(c). Citizenship:
Jeffrey A. Miller: United States of America
Eric D. Jacobs: United States of America
Miller & Jacobs Capital, L.L.C. is organized in the
U.S. Virgin Islands
Acadia Master Fund I, Ltd. is organized in the Cayman
Islands
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share
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Item 2(e). CUSIP Number:
15346Q103
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
Not Applicable
(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the
Exchange Act;
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Exchange Act;
(e) [ ] Investment Adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [ ] Employee Benefit Plan or Endowment Fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] Parent Holding Company or Control Person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h) [ ] Saving Association as defined in Section 3(b) of The
Federal Deposit Insurance Act;
(i) [ ] Church Plan that is excluded from the definition of an
Investment Company under Section 3(c)(14) of the Investment
Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
A. Jeffrey A. Miller
(a) Amount beneficially owned: 260,000
(b) Percent of Class: 6.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 260,000
(iii)Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of 260,000
B. Eric D. Jacobs
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(a) Amount beneficially owned: 260,000
(b) Percent of Class: 6.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 260,000
(iii)Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 260,000
C. Miller & Jacobs Capital, L.L.C.
(a) Amount beneficially owned: 260,000
(b) Percent of Class: 6.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 260,000
(iii)Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 260,000
D. Acadia Master Fund I, Ltd.
(a) Amount beneficially owned: 237,846
(b) Percent of Class: 5.6%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 237,846
(iii)Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 237,846
As calculated in accordance with Rule 13d-3 of the Securities Exchange Act
of 1934, as amended, Jeffrey A. Miller, Eric D. Jacobs and Miller & Jacobs
Capital, L.L.C. beneficially own 260,000 shares of the Issuer's Common Stock,
representing 6.1% of the Common Stock, and Acadia Master Fund I, Ltd.
beneficially owns 237,846 shares of the Issuer's Common Stock, representing 5.6%
of the Common Stock. Mr. Miller and Mr. Jacobs do not directly own any shares of
Common Stock, but they do indirectly own 260,000 shares of Common Stock in their
capacity as the sole managers and members of Miller & Jacobs Capital, L.L.C., a
U.S. Virgin Islands limited liability company, which in turn (a) serves as the
investment manager for Acadia Master Fund I, Ltd., a Cayman Islands exempted
company ("Acadia Ltd."), (b) serves as the investment manager for Acadia Master
Fund II, Ltd., a Cayman Islands exempted company ("Acadia II Ltd."), (c) serves
as a sub-
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advisor with discretionary investment advisory authority for Acadia
Life International, Ltd., a Bermuda corporation ("Life"), and (d) serves as a
sub-advisor with discretionary investment advisory authority for CT Explorer -
Miller & Jacobs, a separately managed account ("CT Explorer").
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact
that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than five
percent of the class of securities, check the
following: [ ]
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Each of Acadia Ltd., Acadia II Ltd., Life and CT
Explorer have the right to receive dividends and the
proceeds from the sale of the shares of Common Stock
held by such person.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent
Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: January 19, 2006
/s/ Jeffrey A. Miller
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Jeffrey A. Miller
/s/ Eric D. Jacobs
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Eric D. Jacobs
MILLER & JACOBS CAPITAL, L.L.C.
By: /s/ Jeffrey A. Miller
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Name: Jeffrey A. Miller
Title: Managing Member
ACADIA MASTER FUND I, LTD.
By: /s/ Peter D. Anderson
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Name: Peter D. Anderson
Title: Director
EXHIBIT INDEX
Exhibits
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1. Joint Filing Agreement, dated January 19, 2006, among Jeffrey A. Miller,
Eric D. Jacobs, Miller & Jacobs Capital, L.L.C., and Acadia Master Fund I,
Ltd.
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EXHIBIT 1
JOINT FILING AGREEMENT
The undersigned hereby agree that this Statement on Schedule 13G with
respect to the beneficial ownership of shares of Common Stock of Central Federal
Corporation is filed jointly on behalf of each of them.
Dated: January 19, 2006
/s/ Jeffrey A. Miller
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Jeffrey A. Miller
/s/ Eric D. Jacobs
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Eric D. Jacobs
MILLER & JACOBS CAPITAL, L.L.C.
By: /s/ Jeffrey A. Miller
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Name: Jeffrey A. Miller
Title: Managing Member
ACADIA MASTER FUND I, LTD.
By: /s/ Peter D. Anderson
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Name: Peter D. Anderson
Title: Director
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