SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                             FORM 8-K

              Pursuant to Section 13 or 15(d) of
               the Securities Exchange Act of 1934



        Date of Report (Date of earliest event reported):
                          May 19, 1998


                       CFSB BANCORP, INC.
    (Exact name of registrant as specified in its charter)


          Delaware               0-18609         38-2920051
(State or other jurisdiction  (Commission     (I.R.S. Employer
of incorporation)             File Number)   Identification No.)


      112 East Allegan Street, Lansing, Michigan  48933
     (Address of principal executive offices) (Zip Code)


     Registrant's telephone number, including area code:
                        (517) 371-2911

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


Item 5.  Other Events
- ---------------------

On May 19, 1998, the registrant's Board of Directors approved a
ten percent common stock dividend. The common stock dividend
will be distributed June 13, 1998 to stockholders of record as
of May 29, 1998.  The common stock dividend increases the
outstanding common stock of the registrant by ten percent to
approximately 8.2 million shares.  Stockholders of record will
receive one share of common stock for each ten shares held.  For
information regarding the ten percent stock dividend, reference
is made to the registrant's press release dated May 19, 1998,
which is attached hereto as Exhibit 99.1 and incorporated herein
by reference.

Item 7.  Financial Statement, Pro Forma Financial Information
         and Exhibits
- -------------------------------------------------------------

Exhibit 99.1 - Press Release dated May 19, 1998.



                       CFSB BANCORP, INC.
                                
                           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.


                                   CFSB Bancorp, Inc.
                                   (Registrant)


Date:  May 20, 1998                By:  /s/ Robert H. Becker
                                        ------------------------
                                        Robert H. Becker
                                        President and 
                                        Chief Executive Officer