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): April 29, 2003

                             CHESTER BANCORP, INC.
             (Exact name of Registrant as specified in its charter)

         Delaware                      000-21167                37-1359570
- --------------------------------------------------------------------------------
(State or other jurisdiction of       (Commission            (I.R.S. Employer
incorporation or organization)        file number)           Identification No.)

                                1112 State Street
                                  P. O. Box 327
                                   Chester, IL           62233
              (Address of principal executive offices) (Zip Code)

                                  618-826-5038
               (Registrant's telephone number including area code)

                                 Not applicable
         (Former name and former address. if changed since last report)



Item 7. Exhibits

Exhibit 99.1 Press Release dated April 29, 2003

Item 9.  Regulation FD Disclosure  (the following  discussion is furnished under
"Item 12. Results of Operations and Financial Condition")

In accordance with SEC Release No. 33-8216, the following information,  required
to be furnished under "Item 12. Results of Operations and Financial  Condition,"
is furnished under "Item 9. Regulation FD Disclosure."

On April 29, 2003, Chester Bancorp, Inc. (the "Company") announced via press
release the Company's preliminary results for its first quarter ended March 31,
2003. A copy of the Company's press release is attached hereto as Exhibit 99.1.
This Form 8-K and the attached exhibit are provided under Item 12 of Form 8-K
and are furnished to, but not filed with, the Securities and Exchange
Commission.

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, thereto duly authorized.

Date: May 5, 2003

CHESTER BANCORP

By: /s/ Michael W. Welge

Michael Welge
Chairman of the Board, President and
Chief Financial Officer






                                 EXHIBIT INDEX




Exhibit No.                       Description
- -----------                       -----------
                    
   99.1                Press Release dated April 29, 2003

EX-99.1

                                                                    EXHIBIT 99.1


              CHESTER BANCORP, INC. ANNOUNCES 1ST QUARTER EARNINGS

Chester, Illinois - (April 29, 2003) - Chester Bancorp, Inc. (Nasdaq Symbol:
CNBA), the holding company for Chester National Bank and Chester National Bank
of Missouri, today announced unaudited earnings for the quarter ended March 31,
2003. Unaudited net income was $122,228 (or $.16 per share based on average
shares outstanding of 758,200) for the three month period, as compared to
$247,014 (or $.30 per share based on average shares outstanding of 836,973) for
the same period in 2002. The provision for loan loss was zero for both three
month periods ended March 31, 2003 and 2002. Total assets at March 31, 2003 were
$112,012,455 as compared to $111,886,040 at March 31, 2002.

On April 11, 2003, Chester Bancorp, Inc. announced a tender offer to purchase up
to 500 shares of its common stock from each of its shareholders, at a price of
$22.00 per share. Upon completion of the tender offer, Chester Bancorp, Inc.
intends to deregister its common stock with the Securities and Exchange
Commission (the "SEC") if it has fewer than 300 shareholders of record.

This press release is for informational purposes only and is not an offer to buy
or a solicitation of an offer to sell any shares of Chester Bancorp, Inc.'s
common stock. The offer is being made solely in the Offer to Purchase dated
April 11, 2003 and related letter of transmittal and documents filed with the
SEC.