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




                                 June 2, 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 June 2, 2004



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

     On June 2, 2004, CFS Bancorp, Inc. (the "Company") issued a press release
announcing the completion of its seventh stock repurchase program and the
commencement of its eighth stock repurchase program.  For additional
information, reference is made to the Companys press release dated June 2,
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: June 3, 2004       By:  /s/ Brian L. Goins
                              ----------------------------------
                              Brian L. Goins
                              Vice President-Corporate Counsel



























                                    3

EX-99.1

                                                                 Exhibit 99.1

                      [CFS Bancorp, Inc. Letterhead]

June 2, 2004
FOR IMMEDIATE RELEASE

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

    CFS Bancorp, Inc. Announces Completion of Stock Repurchase Program

Munster, IN, June 2, 2004 - CFS Bancorp, Inc. (NASDAQ: CITZ) (the "Company")
today announced the completion of its seventh stock repurchase program.  This
program resulted in 1,300,000 shares being repurchased by the Company at an
average cost per share of $14.068.  Since the Company's initial public
offering in July of 1998, a total of 11,591,110 shares have been repurchased
at an average price of $11.75.

The Company has commenced repurchases under its eighth stock repurchase
program for 1,200,000 shares and currently has 1,181,662 shares remaining for
repurchase under this program.

Shares outstanding at May 31, 2004 were 12,319,269.

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 currently operates 22 offices throughout
adjoining markets in Chicago's Southland and Northwest Indiana.  The Company
maintains a website at www.cfsbancorp.com.


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