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 9, 2003

                       CITY SAVINGS FINANCIAL CORPORATION

             (Exact name of registrant as specified in its charter)

                                     INDIANA

                 (State or other jurisdiction of incorporation)

        000-33441                                        35-2156159
(Commission File Number)                       (IRS Employer Identification No.)

                              2000 Franklin Street
                          Michigan City, Indiana 46360
               (Address of principal executive offices)(Zip Code)

       Registrant's telephone number, including area code: (219) 879-5364



Item 7.  Financial Statements and Exhibits.

         (c)  Exhibits

              99.1  Press Release dated May 9, 2003.


Item 9.  Regulation FD Disclosure.


     Information Provided Under Item 12 of Form 8-K.

     City Savings Financial Corporation,  an Indiana corporation ("Registrant"),
issued a press release which was publicly disseminated on May 9, 2003 announcing
its results of  operations  for the quarter  ended March 31, 2003. A copy of the
press  release is  furnished  herewith  as  Exhibit  99.1.  Pursuant  to General
Instruction B.6 of Form 8-K, this exhibit is not "filed" for purposes of Section
18 of the Securities  Exchange Act of 1934, but is instead furnished as required
by that instruction.  Further, pursuant to SEC Release No. 34-47583,  Registrant
is including the foregoing Item 12 information  under Item 9 because Item 12 has
not yet been added to the EDGAR system.



                                   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.



                                           /s/ Thomas F. Swirski
                                           -------------------------------------
                                           Thomas F. Swirski, President and
                                           Chief Executive Officer

Dated: May 9, 2003