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):  
                    May 18, 1999
                          
                          
                          
                 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
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 18, 1999, the registrant's Board of Directors approved a
ten percent common stock dividend.  The common stock dividend
will be distributed June 14, 1999 to stockholders of record as
of May 28, 1999.  The common stock dividend increases the
outstanding common stock of the registrant by ten percent to
approximately 9.3 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 18, 1999,
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 18, 1999.




                 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, 1999                By:  /s/ Robert H. Becker
                                        ------------------------
                                        Robert H. Becker
                                        President and 
                                        Chief Executive Officer