EXHIBIT 99.1


Glen Ellyn, Illinois                                 Contact: Scott W. Hamer
September 24, 2007                                   Chief Executive Officer
Company Release                                      630-545-0900


                        COMMUNITY FINANCIAL SHARES, INC.
                             DECLARES CASH DIVIDEND

         Community Financial Shares, Inc. (Pink Sheets: CFIS.PK) (the
"Company"), the holding company for Community Bank of Wheaton/Glen Ellyn (the
"Bank"), announced that its Board of Directors declared a quarterly cash
dividend on September 19, 2007 of $0.06 per share on its common stock. The cash
dividend will be paid on October 31, 2007 to shareholders of record at the close
of business on October 17, 2007.

         Community Financial Shares, Inc. is a bank holding company
headquartered in Glen Ellyn, Illinois. Its primary subsidiary, Community Bank of
Wheaton/Glen Ellyn, maintains three full service offices in Glen Ellyn and
Wheaton. A new Community Bank office is planned for the fourth quarter of 2007
on the north side of Wheaton, Illinois.

         For further information about the Company and the Bank visit them on
the world wide web at www.commbank-wge.com. In addition, information on the
Company's stock can be found at www.pinksheets.com under the symbol CFIS.

         Statements contained in this news release which are not historical
facts, are forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995, Such forward-looking statements are
subject to risk and uncertainties which could cause actual results to differ
materially from those currently anticipated due to a number of factors, which
include, but are not limited to, factors discussed in documents filed by the
Company with the Securities and Exchange Commission from time to time.

         The Company does not undertake, and specifically disclaims any
obligation, to publicly release the result of any revisions which may be made to
any forward-looking statements to reflect events or circumstances after the date
of such statements or to reflect the occurrence of anticipated or unanticipated
events.