Exhibit 99.1


                                            CONTACT:   Robert H. Becker  
                                                       President & CEO 
                                                       517-374-3588    
                                                                         
                                                 OR:  John W. Abbott          
                                                      Executive Vice      
                                                      President & COO     
                                                      517-483-4871        


                                  NEWS RELEASE

FOR IMMEDIATE RELEASE -- APRIL 16, 1997
- ---------------------------------------

                          CFSB BANCORP, INC. ANNOUNCES
                            STOCK REPURCHASE PROGRAM

Lansing, Michigan -- CFSB Bancorp, Inc., (NASDAQ-NMS: CFSB) holding company for
Community First Bank, announced today it is commencing a stock repurchase
program to acquire up to 235,000 shares of the Corporation's common stock, which
represents approximately 5 percent of the outstanding common shares.  The
program will be dependent upon market conditions and there is no guarantee as to
the exact number of shares to be repurchased by the Corporation.

Robert H. Becker, President and Chief Executive Officer, stated the Board of
Directors has authorized the repurchase program, which is expected to be
completed within 12 months, subject to market conditions.  Mr. Becker explained
the Board of Directors considers the Corporation's common stock to be an
attractive investment.  In addition, the repurchase program is designed to
offset the future dilution incurred in connection with the administration of the
Corporation's stock option plans and the possible issuance of stock dividends.
It is expected a reduction in the amount of the Corporation's outstanding stock
would have the effect of increasing the Corporation's per share earnings and
represent a continuing benefit to remaining stockholders.

According to Mr. Becker, the repurchases generally would be effected through
open market purchases, although he did not rule out the possibility of
unsolicited negotiated transactions or other types of repurchases.

The Board of Directors approved a similar repurchase program in June 1996
authorizing the Corporation to repurchase 246,000 shares of common stock.  This
program is now complete.

CFSB Bancorp, Inc., is the holding company for Community First Bank which
specializes in residential mortgage lending and retail banking services.  With
headquarters in Lansing, Michigan, the Bank serves mid-Michigan from 17 office
locations and six additional off-site 24-hour ATM Banking Centers.  Total assets
of CFSB Bancorp at March 31, 1997, were $834.3 million and stockholders' equity,
all tangible, was $63.6 million.


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