8-K

                               UNITED STATES
                    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)    March 24, 2005
                                                ______________________________


                            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)




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



                             Not Applicable
______________________________________________________________________________
      (Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2 below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))



ITEM 7.01  Regulation FD Disclosure
           ------------------------

     On March 24, 2005, CFS Bancorp, Inc. (the "Company") issued a press
release announcing the declaration of a quarterly cash dividend.  For
additional information, reference is made to the Company's press release,
dated March 24, 2005, which is included as Exhibit 99.1 hereto and is
incorporated herein by reference thereto.  The press release attached hereto
is being furnished to the Securities and Exchange Commission and shall not be
deemed to be "filed" for any purpose except as shall be expressly set forth
by specific reference to such filing in other filings of the Company into
which it may be incorporated.

ITEM 9.01  Financial Statements 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 24, 2005































                                    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 25, 2005       By: /s/ Brian L. Goins
                                ---------------------------------
                                Brian L. Goins
                                Vice President-Corporate Counsel
































                                    3

EX-99.1

                                                                 Exhibit 99.1

[CFS Bancorp, Inc. Letterhead]


March 24, 2005
FOR IMMEDIATE RELEASE

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



                CFS BANCORP, INC. INCREASES CASH DIVIDEND 9%

MUNSTER, IN - March 24, 2005 - CFS Bancorp, Inc. (NASDAQ: CITZ) announced
today that its Board of Directors declared a quarterly cash dividend on March
21, 2005 of $0.12 (twelve cents) per share on the common stock of the Company.
This represents a 9% increase over the previous quarter.  The dividend will
be paid on April 29, 2005 to the stockholders of record at the close of
business on April 8, 2005.

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 $1.3
billion asset federal savings bank.  Citizens Financial Services provides
community banking services and currently operates 24  offices throughout
adjoining  markets in Chicago's  Southland  and  Northwest Indiana.  The
Company maintains a website at www.cfsbancorp.com.

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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