SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

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                                    FORM 8-K

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                                 CURRENT REPORT

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

         Date of Report (Date of earliest event reported): June 17, 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 5. Other Events and Regulation FD Disclosure.

     On June 17, 2003, City Savings  Financial  Corporation  (the  "Registrant")
announced that it had formed City Savings  Statutory Trust I, which Trust agreed
to issue  $5,000,000  in  principal  amount of Capital  Securities  in a private
placement  and  $155,000  in  principal  amount  of  Common  Securities  to  the
Registrant.  A copy of the press release issued by the Registrant concerning the
foregoing  is filed  herewith  as  Exhibit  99.1 and is  incorporated  herein by
reference.


Item 7. Financial Statements and Exhibits.

     (c) Exhibit 99.1 - Press Release of Registrant issued on June 17, 2003.





                                   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/ George L. Koehm
                                                      --------------------------
                                                      George L. Koehm, Treasurer


Dated: June 18, 2003