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): February 16, 2011

Kaiser Federal Financial Group, Inc.

(Exact Name of Registrant as Specified in its charter)

Maryland	001-34979	26-1500698
(State or Other Jurisdiction)	(Commission File No.)	(I.R.S. Employer
of Incorporation)		Identification No.)

                                                         ;                                      

1359 N. Grand Avenue, Covina, CA 91722

Address of principal executive offices

(626) 339-9663

Registrant’s telephone number, including area code

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o 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 February 16, 2011, representatives of Kaiser Federal Financial Group, Inc. (the "Company") made an investor presentation at the Sterne Agee 6th Annual Financial Institutions Investor Conference.  A copy of the Company’s presentation is attached as Exhibit 99.1 and is being furnished to the SEC and shall not be deemed “filed” for any purpose.

Item 9.01	Financial Statements and Exhibits
	(a)	No financial statements of businesses acquired are required.
	(b)	No pro forma financial information is required.
	(c)	Not Applicable.
	(d)	Exhibits.
		99.1Investor Presentation

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, hereunto duly authorized.

	KAISER FEDERAL FINANCIAL
	GROUP, INC.
DATE: February 16, 2011	By:	/s/ Kay M. Hoveland
		Kay M. Hoveland
		President and Chief Executive Officer
		(Duly Authorized Representative)

EX-99.1

Exhibit 99.1

February 2011
Kay M. Hoveland, President and Chief Executive Officer

FORWARD LOOKING STATEMENTS This presentation may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of safe harbor provisions.
This presentation contains “forward-looking statements.” You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “project,” “could,” “intend,” “target,” and other similar words and expressions of the future. These forward-looking statements include but are not limited to: •statements of our goals, intentions and expectations; •statements regarding our business plans, prospects, growth and operating strategies; •statements regarding the asset quality of our loan and investment portfolios; and •estimates of our risks and future costs and benefits. These forward-looking statements are based on current beliefs and expectations of our management and are inherently subject to significant business and economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions are subject to change.
Throughout this presentation, the peer companies include PVSA, BFIN, UBNK, BOFI, ABBC, FPTB, HOME, FSBI, and HBNK. The data presented in this presentation relating to peer companies is based on the calendar year, not KFFG’s fiscal year. Data for peers is sourced from SNL Financial LC.
February 2011 KFFG

The wholly owned and only subsidiary of Kaiser Federal Financial Group -KFFG
..Organized in 1953 as a federal credit union for the employees of Kaiser Permanente Hospitals primarily in Southern California. ..Obtained Santa Clara branch in a credit union merger in 1984. ..In 1999 with branch offices in Pasadena and Santa Clara, the first credit union in California to convert to a mutual savings association ..Opened the Fontana financial service center and the Covina branch office in 2001 ..K-Fed Mutual Holding Company and K-Fed Bancorp were formed in 2003 to hold Kaiser Federal Bank ..Minority Stock Offering in 2004 increased capital to support growth ..Purchased the Panorama City branch in 2004 from United PanAm Financial Corp ..In 2005 – 2006 opened additional financial service centers in Harbor City, Bellflower , Los Angeles, and Riverside ..Capital infusion from KFFG in second step conversion completed on November 19, 2010 February 2011 KFFG

1953 Kaiser Permanente Federal Credit Union (KPFCU) is founded 1953 Kaiser Permanente Federal Credit Union (KPFCU) is founded 1999 KPFCU converts to a mutual savings association 1999 KPFCU converts to a mutual savings association 2003 K-Fed Bancorp is formed on July 1, 2003 as a wholly-owned subsidiary of K-Fed Mutual Holding Company 2003 K-Fed Bancorp is formed on July 1, 2003 as a wholly-owned subsidiary of K-Fed Mutual Holding Company 2004 On March 30, 2004, K-Fed Bancorp completes a minority stock offering in which it sold 5,686,750 shares, or 39.09% of its outstanding common stock On September 24, 2004, K-Fed Bancorp acquires United PanAm Financial Corp. branch in Panorama City, CA 2004 On March 30, 2004, K-Fed Bancorp completes a minority stock offering in which it sold 5,686,750 shares, or 39.09% of its outstanding common stock On September 24, 2004, K-Fed Bancorp acquires United PanAm Financial Corp. branch in Panorama City, CA 2007 On June 26, 2007 K-Fed Bancorp (MHC) is added to the Russell 3000 Index 2007 On June 26, 2007 K-Fed Bancorp (MHC) is added to the Russell 3000 Index 2010 On November 19, 2010, Kaiser Federal announces the completion of its 2nd stage conversion offering, raising $63.8 MM in gross proceeds 2010 On November 19, 2010, Kaiser Federal announces the completion of its 2nd stage conversion offering, raising $63.8 MM in gross proceeds A HISTORY OF GROWTH February 2011 KFFG 4

EXPERIENCED MANAGEMENT TEAM . Kay M. Hoveland, President & Chief Executive Officer . Has served as President and Chief Executive Officer of Kaiser Federal Bank, including service with Kaiser Permanente Federal Credit Union, since 1987. Ms. Hoveland has served as President and Chief Executive Officer since the formation in July 2003 of K-Fed Bancorp, now Kaiser Federal Financial Group, Inc. . Dustin Luton, Chief Financial Officer . Mr. Luton was appointed President and Chief Operating Officer of Kaiser Federal Bank in February 2011. He served as the Chief Financial Officer for Kaiser Federal Bank from November 2006 until his appointment as the Chief Operating Officer in July 2009. He has served as the Chief Financial Officer of K-Fed Bancorp since November 2006. Previously, he was the Partner in Charge of the Southern California office of the National Credit Union Division of the accounting firm, McGladrey & Pullen, LLP since 2000. . Jean M. Carandang, Chief Financial Officer of Kaiser Federal Bank . Was appointed Chief Financial Officer of Kaiser Federal Bank in July 2009. Ms. Carandang served as VP of Finance since December 2008 and was formerly Senior Vice President, Controller of PFF Bank & Trust, from 2005 until 2008 and also served as Corporate Controller and Risk Officer at Quaker City Bank from 1993 until 2005. February 2011 KFFG Kay M. Hoveland, Chief Executive Officer of Kaiser Federal Bank (on the left)

EXPERIENCED MANAGEMENT TEAM  (from left to right, top to bottom): Nancy J. Huber, Jean M. Carandang, Kay M. Hoveland, Dustin Luton, Jeanne R. Thompson . Nancy J. Huber, Chief Credit Officer . Has served as Chief Credit Officer of Kaiser Federal Bank since 1999 and Community Reinvestment Act Officer since 2002. From 1995 until 1999, she served as vice president of credit. . Jeanne R. Thompson, Chief Administrative Officer . Has served as Chief Operating Officer of Kaiser Federal Bank from 2001 until her appointment as Chief Administrative Officer in July 2009. She served as senior vice president for branch operations of Indy Mac Bank from 2000 to 2001 upon the acquisition of First Federal Savings and Loan Association of San Gabriel Valley, where she served from 1985 to 2000. February 2011 KFFG

KFFG OPERATES IN A NICHE MARKET . We have been an attractive choice to local depositors, specifically employees of the Kaiser Permanente Medical Care Program
. Approximately 55,000 Kaiser Permanente employees are located in Southern California
. The Kaiser Permanente Medical Care Program employs a large percentage of our account holders
. At June 30, 2010, approximately 27% of the Bank’s deposits were from current Kaiser Permanente employees
. Our three branch offices and six financial service centers are located in close proximity to the Kaiser Permanente Medical Centers . We have 48 ATMs strategically located in Kaiser Permanente medical office buildings . Such a strong relationship with Kaiser Permanente employees produces a steady stream of new accounts and deposits . Ex: Bi-weekly Kaiser Permanente employee direct deposits . The Bank is represented at new employee orientations for Kaiser Permanente . Kaiser Permanente provides the Bank with access for other business development opportunities
. We intend to expand our deposit base by building upon our niche of Kaiser Permanente employees and our existing market locations
February 2011 KFFG 7

A STRONG BRANCH FRANCHISE KFFG Branches (9) KFFG ATMs (57) Data as of June 30, 2010. Main Office: 1359 North Grand Avenue Covina, CA 91724 . We currently have 57 ATMs: . Approximately 80% of our ATMs are located at Kaiser Permanente Medical Centers 2010 2009-2010 Deposits Growth Branch Address City ($000) Rate(%) 1 8501 Van Nuys Blvd Panorama City 136,141 14.81 2 1359 N Grand Ave Covina 87,355 17.42 3 1110 N Virgil Ave Los Angeles 85,895 1.89 4 3375 Scott Blvd #312 Santa Clara 70,639 8.06 5 252 S Lake Ave Pasadena 64,216 13.16 6 10105 Rosecrans Ave Bellflower 61,414 12.65 7 9714 Sierra Ave Ste 101 Fontana 47,606 7.04 8 11810 Pierce St Ste 150 Riverside 41,107 14.02 9 26640 Western Ave Ste N Harbor City 36,321 14.50 February 2011 KFFG

Deposit Mix as of December 31, 2010 Total Deposits: $638,927 Cost of Deposits: 1.50% Note: Dollar values in thousands.
February 2011 KFFG

DEPOSITS VS BORROWINGS . Since June 30, 2009, total deposits increased 12.8% to $638.9 million at December 31, 2010 . Advances from the FHLB of San Francisco decreased 63.3% to $85.0 million . Overall, we have strengthened our balance sheet by substantially reducing our borrowings while increasing our deposit base Total Deposits vs Total Borrowings: $700,000 $624,199 $648,738 $630,694 $639,984 $638,927 $598,116 $600,000 $554,250 $566,193 $495,058 $509,174 $507,977 $500,000 $400,000 $300,000 $260,019 $250,015 $232,011 $232,008 $232,004 $200,000 $172,000 $157,000 $147,000 $137,000 $137,000 $85,000 $100,000 $0 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Total Deposits ($000) Total Borrowings ($000) February 2011 KFFG

TOTAL ASSETS . In the midst of a difficult operating environment, we are aware of the importance of a disciplined growth strategy
$895,097 $882,324
$1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 CAGR=4.0% $739,114 $799,870 $849,291 $866,802 $ 2006 2007 2008 2009 2010 Dec-10 * At the year ended June 30, Note: Dollar values in thousands. *Data as of KFFG’s 2nd fiscal quarter. February 2011 KFFG

STRONG, DIVERSIFIED LOAN GROWTH . Since June 2006, we have diversified our loan portfolio by focusing our efforts on originating multi-family residential loans, primarily in Los Angeles County, instead of one-to-four family real estate loans
Loan Mix as of June 30, 2006: Loan Mix as of December 31, 2010: Total Loans: $744,494 Yield on Loans: 6.00% Total Loans: $636,822 Yield on Loans: 5.37% Note: Dollar values in thousands.
February 2011 KFFG

ASSET QUALITY . Over the years, we have built up our reserves while our net charge-offs have consistently remained below peer levels . We have the capacity to endure significant charge-off activity while still remaining well-reserved Loan Loss Reserves / Gross Loans vs Peers(%) 2.0 1.5 1.0 0.5 0.0 0.4 0.4 0.5 0.6 0.6 0.7 1.4 1.7 1.7 1.7 1.7 0.9 1.0 1.2 1.1 1.4 1.4 1.5 1.5 1.6 1.6 1.7 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 KFFG Peer Group Median Net Charge-Offs/Average Loans vs Peers(%) 0.9 0.9 0.6 0.3 0.0 0.1 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.3 0.7 0.30.1 0.3 0.3 0.4 0.4 0.70.7 0.4 0.4 0.4 Jun -08 Sep-08 Dec-08 Mar-09 Jun -09 Sep-09 Dec-09 Mar-10 Jun -10 Sep-10 Dec-10 KFFG Peer Group Median February 2011 KFFG 13 Note: When 12/31 peer data is unavailable, 9/30 data is used.

Non-Performing Assets / Total Assets (%) 3.8 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 0.4 0.5 0.7 0.8 1.1 1.5 2.6 3.3 3.2 3.2 0.7 0.9 1.3 1.7 2.6 2.6 2.8 3.0 2.5 1.9 1.9 Jun-Sep-Dec-Mar-Jun-Sep-Dec-Mar-Jun-Sep-Dec08 08 08 09 09 09 09 10 10 10 10 KFFG Peer Group Median February 2011 KFFG 14

Real Estate Loans by County* One-to-four family Multi-family residential Commercial Total County Non- Accrual Total ($) Non- Accrual Total ($) Non- Accrual Total ($) Non- Accrual Total ($) Los Angeles $ 6,822 $ 114,033 $ - $ 220,913 $ 1,629 $ 64,930 $ 8,451 $ 399,876 Orange 2,948 53,618 - 21,601 - 28,055 2,948 103,274 San Diego 3,021 26,976 - 16,757 2,665 2,665 5,686 46,398 Riverside 1,687 13,028 229 6,802 -9,278 1,916 29,108 San Bernardino 2,517 13,929 2,214 16,372 -4,145 4,731 34,446 Santa Clara 768 22,403 - 569 -- 768 22,972 Alameda 978 11,605 - 59 - 463 978 12,127 Other 1,724 48,338 - 8,466 -2,655 1,724 59,459 Total $ 20,465 $ 303,930 $ 2,443 $ 291,539 $ 4,294 $ 112,191 $ 27,202 $ 707,660 *Data as of December 31, 2010 Non-Accruals: 3.84% KFFG February 2011

ASSET QUALITY Servicing of Loan Portfolio by Third Parties: . At December 31, 2010, 75.2% of our non-accrual real estate loans were one-to-four family residential loans . At December 31, 2010, 60.7% of our one-to-four family residential loans were serviced by third parties . 7.3% of these serviced loans are non-performing . Due to a higher level of non-performing loans related to our third party servicers, we have hired additional experienced workout staff to monitor the collection activity of the servicers . We are trying to reclaim these servicing rights and are pursuing legal action against loan servicers who we believe are not performing their servicing obligations Composition of One-to-Four Family By Servicer: Percent of Non- Non-performing to Composition Amount Percent performing Loans Purchased and serviced by others $184,627 60.75% $13,535 7.33% Purchased and servicing transferred to KFFG 26,851 8.83 3,667 13.66 Originated and serviced by KFFG 92,452 30.42 3,263 3.53 Total $303,930 100.00% $20,465 6.73% Note: Dollar values in thousands. February 2011 KFFG

KFFG IS A SOLID PERFORMER Efficiency Ratio (Cost Control) vs Peers: Net Interest Margin vs Peers: 75 70 ) (%65 tio a 60 R y c55 n ie fic 50 E 45 40 Jun-08 Sep-Dec-Mar-Jun-09 Sep-Dec-Mar-Jun-10 Sep-Dec080809 090910 1010 KFFG Peer Group Median Pre-Tax Pre-Provision / Average Assets vs Peers: 2.1 1.8 ) 1.5 (% A1.2 /A P0.9 P T P0.6 0.3 0.0 Jun-Sep-Dec-Mar-Jun-Sep-Dec-Mar-Jun-Sep-Dec 08 08080909090910 101010 KFFG Peer Group Median Note: When 12/31 peer data is unavailable, 9/30 data is used. February 2011 63.6 60.3 62.2 61.4 58.7 57.6 54.1 52.8 50.5 57.1 55.762.1 58.1 61.1 63.3 68.6 70.5 66.3 69.8 69.0 68.1 68.7 1.0 1.2 1.1 1.2 1.1 1.4 1.7 1.7 1.8 1.6 1.8 1.2 0.5 1.1 1.0 0.7 0.6 0.9 0.7 0.8 1.1 0.9 3.8 3.7 ) 3.6 3.4 3.4 3.4 3.3 3.3 (% in3.4 3.2 g r 3.2 3.2 a 3.2 M 3.0 3.0 3.0 t 2.9 s e 3.0 2.9 2.9 r e 2.8 t n 2.8 I t e N2.6 2.5 2.6 2.6 2.4 2.2 Jun-08 Sep-Dec-Mar-Jun-09 Sep-Dec-Mar-Jun-10 Sep-Dec080809 090910 1010 KFFG Peer Group Median Noninterest Income / Average Assets vs Peers: 0.70 0.65 ) (%0.60 A0.55 /A 0.50 em0.45 o c n e I0.40 e 0.35 F I:0.30 N 0.25 0.20 Jun-Sep-Dec-Mar-Jun-Sep-Dec-Mar-Jun-Sep-Dec0808 080909 090910 101010 KFFG Peer Group Median 17 KFFG 3.3 3.3 3.5 0.52 0.57 0.56 0.48 0.51 0.53 0.55 0.50 0.54 0.50 0.51 0.53 0.53 0.50 0.52 0.54 0.52 0.54 0.46 0.54 0.62 0.57

Kaiser Federal Bank’s CAPITAL RATIOS . At December 31, 2010, our core capital ratio was 12.7% of total adjusted tangible assets, which exceeded the required ratio of 5.0% . Tier 1 Capital to Risk-Weighted Assets was 19.4%, exceeding the minimum requirement of 6.0% . Total Capital to Risk-Weighted Assets was 20.7%, exceeding the minimum requirement of 10.0% 21.0% 18.0% 15.0% 12.0% 9.0% 6.0% 3.0% 12.7% 19.4% 20.7% 5.0% 6.0% 10.0% 0.0% Tier 1 Leverage Tier 1 Risk-based Total Risk-based Kaiser Federal Bank Requirement February 2011 KFFG

BUSINESS STRATEGY Our goal is to promote the financial well being of our customers and the communities we serve by: Capitalizing on current and new customer relationships by expanding such relationships through internet banking and on-line bill payment services to increase our core deposits Maintaining cost efficiencies and reducing our non-performing assets Our business strategy in a difficult economic and operating environment has retained shareholder value. Our goal is to build shareholder value We have maintained a strong history of paying quarterly dividends to our public shareholders We have continued to pay a quarterly dividend Being in excess of well capitalized allows us to continue to pay a dividend unlike some of our peers From March 31, 2004 thru September 20, 2010, we repurchased 1,438,240 shares for an aggregate amount of $18.3 million We intend to repurchase shares of our common stock in the future Under current OTS regulations, we may not repurchase shares of our common stock during the first year following the completion of the November 19, 2010, conversion, except when extraordinary circumstances exist and with prior regulatory approval. February 2011 KFFG

Why Invest in Kaiser Federal Financial Group? ..Experienced management team ..Strong asset quality ..Historically consistent capital management strategies ..Sustained performance even in a tough economic environment ..Operates in a niche market ..Strong franchise in an attractive market area ..Solid growth potential February 2011 KFFG

APPENDIX – APPRAISAL PEER COMPARISON(1) General Information: Profitability: Capital and Balance Sheet: Asset Quality: Market Information: Dividends: Tang. NCO / 2/9/2011 Price / MRQ LTM Core Core Eff. Equity / TCE / Loans / LLR / NPAs / Avg. Market Stock Tang. Div. Div. Div. Assets ROA(2) ROE(2) NIM Ratio Assets TA Deposits Loans Assets Loans Cap Price Book Paid Yield Payout Institution Ticker ($mm) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) ($mm) ($) (X) ($) (%) (%) Kaiser Federal Financial Group, Inc KFFG 882 1.03 7.28 3.65 55.7 17.01 17.01 116.6 1.65 3.24 0.31 127.1 13.30 0.85 0.05 1.50 68.7 Peer Group: Parkvale Financial Corporation PVSA 1,791 0.55 8.20 2.20 63.0 5.34 3.53 71.1 1.89 2.51 0.39 59.1 10.60 0.95 0.02 0.75 NM BankFinancial Corporation BFIN 1,570 0.25 1.53 3.47 83.2 15.14 15.14 88.9 1.73 4.25 (0.01) 198.4 9.42 0.85 0.07 2.97 NM United Financial Bancorp, Inc. UBNK 1,585 0.69 4.83 3.53 69.9 13.58 13.58 94.1 0.93 0.83 0.11 252.8 15.69 1.19 0.08 2.04 46.2 Pulaski Financial Corp. PULB 1,467 0.83 10.44 3.78 42.2 7.83 5.70 116.4 2.04 5.32 1.17 81.9 7.48 0.98 0.10 5.08 131.0 BofI Holding, Inc. BOFI 1,661 1.26 14.46 3.72 39.0 8.28 7.98 92.0 0.67 1.68 0.49 156.4 15.28 1.18 0.00 0.00 NA Abington Bancorp, Inc. ABBC 1,247 0.62 3.66 2.95 67.4 16.99 16.99 77.9 0.61 3.18 0.47 257.9 12.79 1.22 0.06 1.88 53.9 First PacTrust Bancorp, Inc. FPTB 862 (0.32) (2.30) 3.71 42.3 15.79 15.79 107.2 2.11 5.71 1.85 142.6 14.66 1.05 0.10 2.73 67.6 Home Federal Bancorp, Inc. HOME 1,381 (0.34) (2.37) 2.55 93.2 14.36 14.36 53.6 2.60 2.55 3.15 174.8 10.46 0.88 0.06 2.10 NM Fidelity Bancorp, Inc. FSBI 694 0.32 4.55 2.36 79.3 6.69 5.71 82.5 1.63 2.30 0.17 28.4 9.26 0.72 0.02 0.86 NM Hampden Bancorp, Inc. HBNK 565 0.34 2.11 3.44 80.1 16.40 16.40 97.3 1.52 2.61 0.28 83.1 12.15 0.90 0.03 0.99 52.2 Average: 1,282 0.42 4.51 3.17 66.0 12.04 11.52 88.1 1.57 3.09 0.81 143.5 11.78 0.99 0.05 1.94 70.2 Median: 1,424 0.45 4.11 3.46 68.7 13.97 13.97 90.4 1.68 2.58 0.43 149.5 11.38 0.96 0.06 1.96 53.9 Note: Data for the quarter ended December 31, 2010 or most recent quarter if 12/31/10 financials are unavailable. Note: Pricing data as of February 9, 2011. (1) Peer group companies selected by independent appraisal firm as part of KFFG’s valuation in its second step conversion. (2) Core income excludes extraordinary items, non-recurring items and gains/losses on sale of securities.
February 2011 KFFG