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 18, 2005


                       American Locker Group Incorporated
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          Delaware                  0-439                   16-0338330
 ----------------------------      --------------          -------------------
 (State or other jurisdiction      (Commission             (IRS Employer
  of incorporation)                File Number)            Identification No.)


           608 Allen Street, Jamestown, New York       14701
          ---------------------------------------   ------------
          (Address of principal executive offices)   (Zip code)


       Registrant's telephone number, including area code: (716) 664-9600

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:

[ ]  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 2.04  Triggering Events that Accelerate or Increase a Direct Financial
           Obligation or an Obligation under an Off-Balance Sheet Arrangement

     On March 18, 2005,  American  Locker  Group  Incorporated  (the  "Company")
received a letter from Manufacturers and Traders Trust Company ("M&T Bank"), the
Company's  bank lender,  stating that M&T Bank believes that an event of default
has occurred under the Term Loan Agreement between the Company and M&T Bank (the
"Term  Loan  Agreement")  as a  result  of a  material  adverse  change  in  the
"business,  operations or condition  (financial  statement or otherwise)" of the
Company  stemming from the non-renewal of the Cluster Box Unit contract  between
the Company and the United  States  Postal  Service.  As of March 21, 2005,  the
Company and its  subsidiaries  were indebted to M&T Bank in the principal amount
of approximately $6,400,000.

     The  letter  from M&T  Bank  further  states  that  "while  the Bank is not
declaring an Event of Default at this time and is not  exercising its rights and
remedies as set forth in the General  Security  Agreement,  other loan documents
executed in connection  with the Term Loans, or rights and remedies the Bank may
otherwise have at law or equity, the Bank is reserving any and all rights it may
have to declare this or any other default at a later date."

















                                      -1-



                                    SIGNATURE

          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.


                                          AMERICAN LOCKER GROUP INCORPORATED


                                          By: /s/ Edward F. Ruttenberg
                                              --------------------------
                                              Edward F. Ruttenberg
                                              Chairman and
                                              Chief Executive Officer

Dated:  March 22, 2005


















                                      -2-