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)                 August 17, 1998


                             BANK PLUS CORPORATION
              (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

 

                                                                               
        Delaware                                        0-28292                       95-1782887
(State or Other Jurisdiction                         (Commission                     (IRS Employer
     of Incorporation)                                File Number)                  Identification No)
 
 
4565 Colorado Boulevard                                       
Los Angeles, California                                                  90039
(Address of Principal Executive                                       (Zip Code)
        Offices)


Registrant's telephone number, including area code               (818) 549-3116

                                Not Applicable
         (Former Name or Former Address, if Changed Since Last Report)

 
                    INFORMATION TO BE INCLUDED IN THE REPORT


ITEM 5.  OTHER EVENTS

     On August 17, 1998, Bank Plus Corporation (the "Company") issued a press
release, in the form attached hereto as Exhibit 99.1, announcing that it has
retained Keefe, Bruyette & Woods, Inc. as financial advisor to assist the
Company in the pursuit of its strategic objectives.

 
                                  SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.



                                       BANK PLUS CORPORATION

Date:  August 25, 1998                 By: /s/    Mark K. Mason 
                                           -------------------------------  
                                                  Mark K. Mason
                                           Executive Vice President, Chief 
                                             Operating Officer and Chief 
                                                   Financial Officer

 
                                 EXHIBIT INDEX


 
    Exhibit No.                                  Description
    -----------                                  -----------
                   
       99.1           Press Release, dated August 17, 1998, announcing the retention
                      of Keefe, Bruyette & Woods, Inc. as financial advisor to the
                      Company.