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 30, 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 30, 2004
               99.2            Press release dated July 2, 2004



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

     On June 30, 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 June 30, 2004, which
is included as Exhibit 99.1 hereto and is incorporated herein by reference
thereto.

     On July 2, 2004, the Company issued a press release announcing its
purchase, subject to the receipt of requisite regulatory approvals, of an
office building in Darien, Illinois for the purpose of a new banking branch
office for the Company's wholly owned subsidiary, Citizens Financial Services,
FSB.  For additional information, reference is made to the Company's press
release, dated July 2, 2004, which is included as Exhibit 99.2 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:  July 2, 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 30, 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 - June 30, 2004 - CFS Bancorp, Inc. (NASDAQ: CITZ) announced today
that its Board of Directors declared a quarterly cash dividend on June 28,
2004 of $0.11 (eleven cents) per share on the common stock of the Company. The
dividend will be paid on July 30, 2004 to the stockholders of record at the
close of business on July 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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EX-99.2

                                                                  Exhibit 99.2

[CFS Bancorp, Inc. Letterhead]

July 2, 2004
FOR IMMEDIATE RELEASE

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

     CFS BANCORP, INC. ANNOUNCES DEFINITIVE AGREEMENT TO PURCHASE
                         BRANCH OFFICE BUILDING

MUNSTER, IN - July 2, 2004 - CFS Bancorp, Inc. (NASDAQ: CITZ), parent company
of Citizens Financial Services, FSB, ("Citizens Financial") today reported its
agreement to purchase a branch office building in Darien, Illinois, along with
all furniture, fixtures and equipment from a Chicago-based bank.  No loans or
deposits are being acquired in the transaction.  Citizens Financial intends to
establish a de novo branch in the location.  As part of the agreement,
Citizens Financial and the seller will issue a joint announcement to local
core deposit customers inviting them to establish new deposit accounts with
Citizens Financial.  No premium will be paid on any deposits received from the
seller's accountholders.  The terms of the agreement are subject to approval
by the financial regulators of both parties.

According to Thomas F. Prisby, Chairman of CFS Bancorp, "This location affords
us a wonderful opportunity to continue our growth in the southwestern suburbs
of Chicago.  In the last three years we have opened new branch offices in
Willowbrook, Bolingbrook and Naperville, and we have been looking for
additional locations to more conveniently serve our growing customer base.  We
hope to open the branch this fall to continue our growth and penetration in
the market."

Prisby continued, "Citizens Financial prides itself on personal service and a
comprehensive product line, and we look forward to the opportunities this
branch offers us for growth in the future."

CFS Bancorp, Inc. is the parent of Citizens Financial Services, FSB, a $1.5
billion asset federal savings bank.  Citizens Financial provides community
banking services and operates 22 offices throughout Chicago's Southland and
Northwest Indiana.  The Company's stock trades on the NASDAQ National Stock
Market under the symbol "CITZ."

This press release contains certain forward-looking statements and information
relating to CFS Bancorp and its subsidiaries that is 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 related to CFS Bancorp or its management, are intended to
identify forward-looking statements.  Such statements reflect the current
views of CFS Bancorp with respect to future events and are subject to certain
risks, uncertainties and assumptions.  One or more of these risks may vary
materially from those described herein as anticipated, believed, estimated,
expected or intended.  CFS Bancorp does not intend to update these
forward-looking statements.



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