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




                               March 18, 2004
______________________________________________________________________________
                     (Date of earliest event reported)



                            CFS Bancorp, Inc.
______________________________________________________________________________
          (Exact name of registrant as specified in its charter)



          Delaware                   000-24611                     35-2042093
______________________________________________________________________________
(State or other jurisdiction  (Commission File Number)          (IRS Employer
of incorporation)                                          Identification No.)



707 Ridge Road, Munster, Indiana                                     46321
______________________________________________________________________________
(Address of principal executive offices)                          (Zip Code)



                                 (219) 836-5500
______________________________________________________________________________
             (Registrant's telephone number, including area code)



                                  Not Applicable
______________________________________________________________________________
(Former name, former address and former fiscal year, if changed since last
report)

ITEM  7.  Financial Statements, Pro Forma Financial Information and Exhibits
          ------------------------------------------------------------------

          (a)  Not applicable.
          (b)  Not applicable.
          (c)  Exhibits

               The following exhibit is filed herewith.

          Exhibit Number           Description
          --------------           -----------

               99.1           Press Release dated March 18, 2004



ITEM 9.   Regulation FD Disclosure
          ------------------------

     On March 18, 2004, CFS Bancorp, Inc. (the "Company") issued a press
release announcing its quarterly cash dividend.  For additional information,
reference is made to the Company's press release dated March 18, 2004 which
is included as Exhibit 99.1 hereto and is incorporated herein by reference
thereto.
















                                     2

                                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 thereunto duly authorized.

                                         CFS BANCORP, INC.



Date: March 19, 2004          By:   /s/ Brian L. Goins
                                    ----------------------------------
                                    Brian L. Goins
                                    Vice President-Corporate Counsel



























                                     3

EX-99.1

                                                                 Exhibit 99.1

[CFS Bancorp, Inc. Letterhead]


March 18, 2004
FOR IMMEDIATE RELEASE

CONTACT:  Thomas F. Prisby, Chairman of the Board and Chief Executive Officer
          2l9-836-5500


                 CFS BANCORP, INC. DECLARES CASH DIVIDEND

MUNSTER, IN - March 18, 2004 - CFS Bancorp, Inc. (NASDAQ: CITZ) announced
today that its Board of Directors declared a quarterly cash dividend on March
15, 2004 of $0.11 (eleven cents) per share on the common stock of the Company.
The dividend will be paid on April 30, 2004 to the stockholders of record at
the close of business on April 9, 2004.

CFS Bancorp, Inc. has paid a cash dividend each quarter since its initial
public offering in July 1998.

CFS Bancorp, Inc. is the parent of Citizens Financial Services, FSB, a $1.5
billion asset federal savings bank.  Citizens Financial Services provides
community banking services and operates 22 offices throughout adjoining
markets in Chicago's Southland and Northwest Indiana.

This press release may contain certain forward-looking statements and
information relating to the Company that are based on the beliefs of
management as well as assumptions made by and information currently available
to management.  The words "anticipate," "believe," "estimate," "expect,"
"indicate" "intend," "should," and similar expressions, or the negative
thereof, as they relate to the Company or the Company's management, are
intended to identify forward-looking statements.  Such statements reflect the
current views of the Company with respect to future events that are subject to
certain risks and uncertainties that may cause actual results to vary.  The
Company does not intend to update these forward-looking statements.

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