Registration No. 333-______

As filed with the Securities and Exchange Commission on March 29, 2002

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

---------------------------

FORM S-8

REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

---------------------------

First Federal of Olathe Bancorp, Inc.
(Exact Name of Registrant as Specified in its Charter)

Kansas 48-1226075
(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)

100 East Park Street
Olathe, Kansas 66061
(Address of Principal Executive Offices)

---------------------------

First Federal of Olathe Bancorp, Inc. 2001 Stock Option Plan
First Federal of Olathe Bancorp, Inc. 2001 Recognition and Retention Plan
(Full Title of the Plans)

Copies to:
Mitch Ashlock, President Robert I. Lipsher, Esquire
and Chief Executive Officer Luse Lehman Gorman Pomerenk & Schick, P.C.
First Federal of Olathe Bancorp, Inc. 5335 Wisconsin Ave., N.W., Suite 400
100 East Park Street Washington, D.C. 20015
Olathe, Kansas 66061 (202) 274-2000
(913) 782-0026
(Name, Address and Telephone
Number of Agent for Service)

---------------------------

If any of the securities being registered on this Form are to be
offered on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act of 1933 check the following box. |X|

CALCULATION OF REGISTRATION FEE

Title of Securities Amount to be Proposed Proposed Amount of
to be Registered Registered (1) Maximum Maximum Registration Fee
Offering Price Per Aggregate Offering
Share Price

Common Stock,
par value $.01 50,066 shares (2) $20.50 (3) $1,026,353 $95.00
per share
Common Stock,
par value $.01 5,566 shares (4) $23.80 (6) $132,471 $12.00
per share
Common Stock,
par value $.01 27,816 shares (5) $23.80 (6) $662,021 $61.00
per share
Total 83,448 shares $1,820,845 $168.00

_____________
(1) Together with an indeterminate number of additional shares which may be
necessary to adjust the number of shares reserved for issuance pursuant to
the First Federal of Olathe Bancorp, Inc. 2001 Stock Option Plan (the
"Stock Option Plan"), and the First Federal of Olathe Bancorp, Inc. 2001
Recognition and Retention Plan (the "Recognition and Retention Plan") as
the result of a stock split, stock dividend or similar adjustment of the
outstanding Common Stock of First Federal of Olathe Bancorp, Inc. pursuant
to 17 C.F.R.ss.230.416(a).
(2) Represents the number of shares currently reserved for issuance pursuant to
options granted pursuant to the Stock Option Plan.
(3) Determined by the exercise price of options pursuant to 17
C.F.R.ss.230.457(h)(1).
(4) Represents the number of shares currently reserved for issuance pursuant to
options available for grant pursuant to the Stock Option Plan.
(5) Represents the maximum number of shares which can be granted pursuant to
the Recognition and Retention Plan.
(6) Determined by reference to the fair market value of the common stock on
March 28, 2002, pursuant to 17 C.F.R.ss.230.457(c).

------------------------------------

This Registration Statement shall become effective upon filing in
accordance with Section 8(a) of the Securities Act of 1933 and 17 C.F.R. ss.
230.462.

PART I.

Items 1 and 2. Plan Information and Registrant Information and Employee Plan
Annual Information

The documents containing the information specified in Part I of Form
S-8 have been or will be sent or given to participants in the Stock Option Plan
and the Recognition and Retention Plan (collectively, the "Plans") as specified
by Rule 428(b)(1) promulgated by the Securities and Exchange Commission (the
"Commission") under the Securities Act of 1933, as amended (the "Securities
Act").

Such documents are not being filed with the Commission, but constitute
(along with the documents incorporated by reference into this Registration
Statement pursuant to Item 3 of Part II hereof) a prospectus that meets the
requirements of Section 10(a) of the Securities Act.

PART II.

Item 3. Incorporation of Documents by Reference

The following documents previously or concurrently filed by First
Federal of Olathe Bancorp, Inc. (the "Company") with the Commission are hereby
incorporated by reference in this Registration Statement:

a) The Company's Annual Report on Form 10-KSB for the fiscal year ended
December 31, 2001 (Commission File No. 0-30680), filed pursuant to Rule 13a-1 of
the Securities Exchange Act of 1934, as amended (the "Exchange Act");

b) all other reports filed by the Company pursuant to Section 13(a) or
15(d) of the Exchange Act since the end of the year covered by the Annual Report
referred to above;

c) The description of the common stock of the Company contained in the
Registration Statement on Form SB-2 (Commission File No. 333-92929) originally
filed by the Company under the Securities Act of 1933 with the Commission on
December 16, 1999, and all amendments or reports filed for the purpose of
updating such description.

All documents subsequently filed by the Company with the Commission
pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act, after the
date hereof, and prior to the filing of a post-effective amendment which
indicates that all securities offered hereby have been sold or which deregisters
all securities then remaining unsold, shall be deemed incorporated by reference
into this Registration Statement and to be a part thereof from the date of the
filing of such documents. Any statement contained in the documents incorporated,
or deemed to be incorporated, by reference herein or therein shall be deemed to
be modified or superseded for purposes of this Registration Statement and the
prospectus to the extent that a statement contained herein or therein or in any
other subsequently filed document which also is, or is deemed to be,
incorporated by reference herein or therein modifies or supersedes such
statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this Registration
Statement and the prospectus.

The Company shall furnish without charge to each person to whom the
prospectus is delivered, on the written or oral request of such person, a copy
of any or all of the documents incorporated by reference, other than exhibits to
such documents (unless such exhibits are specifically incorporated by reference
to the information that is incorporated). Requests should be directed to Mitch
Ashlock, President and Chief Executive Officer, First Federal of Olathe Bancorp,
Inc., 100 East Park Street, Olathe, Kansas 66061, telephone number (913)
782-0026.

All information appearing in this Registration Statement and the
prospectus is qualified in its entirety by the detailed information, including
financial statements, appearing in the documents incorporated herein or therein
by reference.

Item 4. Description of Securities

Not applicable.

Item 5. Interests of Named Experts and Counsel

None.

Item 6. Indemnification of Directors and Officers

The Kansas General Corporation Code describes those circumstances under
which directors, officers, employees and agents may be insured or indemnified
against liability which they may incur in their capacities as such. The Articles
of Incorporation of First Federal of Olathe Bancorp require indemnification of
directors, officers, employees or agents of First Federal of Olathe Bancorp to
the full extent permissible under Kansas law.

In addition, the Articles of Incorporation and Kansas law also provide
that the holding company may maintain insurance, at its expense, to protect
itself and any director, officer, employee or agent of the holding company or
another corporation or entity against any expense, liability or loss, whether or
not the holding company has the power to indemnify such person against such
expense, liability or loss under Kansas law. The holding company intends to
obtain such insurance.

Item 7. Exemption From Registration Claimed.

Not applicable.

Item 8. List of Exhibits.

Regulation S-K Reference to Prior Filing or
Exhibit Number Document Exhibit No. Attached Hereto

5 Opinion of Luse Lehman Gorman Pomerenk & Schick, P.C. Attached as Exhibit 5

10.1 First Federal of Olathe Bancorp, Inc. 2001 Stock Option Plan. **

10.2 First Federal of Olathe Bancorp, Inc. 2001 Recognition and **
Retention Plan.

23.1 Consent of Luse Lehman Gorman Pomerenk
& Schick, P.C. Contained in Exhibit 5

23.2 Consent of BKD, LLP. Attached as Exhibit 23.2

24 Power of Attorney Contained on Signature Page

** Filed as exhibits to the Registrant's Proxy Statement relating to the
Registrant's April 25, 2001 annual meeting of stockholders, filed with the
Commission on March 27, 2001, which is incorporated herein by reference.

Item 9. Undertakings

The undersigned Registrant hereby undertakes:

1. To file, during any period in which offers or sales are being made,
a post-effective amendment to this Registration Statement to include any
material information with respect to the plan distribution not previously
disclosed in this Registration Statement or any material change to such
information in this Registration Statement;

2. That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof;

3. To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of
the Stock Option Plan and the Recognition and Retention Plan; and

4. That, for purposes of determining any liability under the Securities
Act of 1933, each filing of the Registrant's annual report pursuant to Section
13(a) or 15(d) of the Securities Exchange Act of 1934 that is incorporated by
reference in this registration statement shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

5. Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise,
the Registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act and will
be governed by the final adjudication of such issue.

EXHIBIT INDEX

Exhibit Number Description

5 Opinion of Luse Lehman Gorman Pomerenk & Schick, A
Professional Corporation as to the legality of the
Common Stock registered hereby.

23.1 Consent of Luse Lehman Gorman Pomerenk & Schick, A
Professional Corporation (contained in the opinion
included as Exhibit 5).

23.2 Consent of BKD, LLP.

SIGNATURES

The Registrant. Pursuant to the requirements of the Securities Act of
1933, the registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this
registration statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Olathe, Kansas, on this 29th day of
March, 2002.

FIRST FEDERAL OF OLATHE
BANCORP, INC.

By: /s/ Mitch Ashlock
_____________________________________________
Mitch Ashlock, President and
Chief Executive Officer
(Duly Authorized Representative)

POWER OF ATTORNEY

We, the undersigned directors and officers of First Federal of Olathe
Bancorp, Inc. (the "Company") hereby severally constitute and appoint Mitch
Ashlock as our true and lawful attorney and agent, to do any and all things in
our names in the capacities indicated below which said Mitch Ashlock may deem
necessary or advisable to enable the Company to comply with the Securities Act
of 1933, and any rules, regulations and requirements of the Securities and
Exchange Commission, in connection with the registration statement on Form S-8,
including specifically, but not limited to, power and authority to sign for us
in our names in the capacities indicated below the registration statement and
any and all amendments (including post-effective amendments) thereto; and we
hereby approve, ratify and confirm all that said Mitch Ashlock shall do or cause
to be done by virtue thereof.

Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the date indicated.

Signatures Title Date

/s/ Mitch Ashlock President, Chief March 29, 2002
Mitch Ashlock Executive Officer
(Principal Executive, Financial and
Accounting Officer)

/s/ Donald K. Ashlock Chairman of the Board March 29, 2002
Donald K. Ashlock

/s/ John M. Bowen Director March 29, 2002
John M. Bowen

/s/ Carl R. Palmer Director March 29, 2002
Carl R. Palmer

/s/ Marvin E. Wollen Director March 29, 2002
Marvin E. Wollen

EXHIBIT 5

OPINION OF LUSE LEHMAN GORMAN POMERENK & SCHICK, P.C.

March 29, 2002 (202) 274-2000

Board of Directors
First Federal of Olathe Bancorp, Inc.
100 East Park Street
Olathe, Kansas 66061

Re: First Federal of Olathe Bancorp, Inc.
Registration Statement on Form S-8

Ladies and Gentlemen:

You have requested the opinion of this firm as to certain matters in
connection with the issuance of First Federal of Olathe Bancorp, Inc. (the
"Company") common stock, par value $.01 per share (the "Common Stock"), pursuant
to the First Federal of Olathe Bancorp, Inc. 2001 Stock Option Plan (the "Stock
Option Plan") and the First Federal of Olathe Bancorp, Inc. 2001 Recognition and
Retention Plan. We have reviewed the Company's Articles of Incorporation,
Registration Statement on Form S-8 (the "Form S-8"), as well as applicable
statutes and regulations governing the Company and the offer and sale of the
Common Stock.

Based on the foregoing, we are of the following opinion:

Upon the effectiveness of the Form S-8, the Common Stock, when issued
in connection with the exercise of options granted pursuant to the Stock Option
Plan, will be legally issued, fully paid and non-assessable.

This opinion has been prepared solely for the use of the Company in
connection with the preparation and filing of the Form S-8, and should not be
used for any other purpose or relied upon by any other person without the prior
written consent of this firm. We hereby consent to the use of this opinion in
the Form S-8.
Very truly yours,

/s/ Luse Lehman Gorman Pomerenk & Schick
LUSE LEHMAN GORMAN POMERENK &
SCHICK
A Professional Corporation

EXHIBIT 23.2

CONSENT OF BKD, LLP

CONSENT OF INDEPENDENT ACCOUNTANTS

The Board of Directors
First Federal of Olathe Bancorp, Inc.

We consent to the incorporation by reference in this Registration Statement on
Form S-8 of First Federal of Olathe Bancorp, Inc., of our report, dated January
23, 2002, relating to the consolidated balance sheets of First Federal of Olathe
Bancorp, Inc. and subsidiary as of December 31, 2001 and 2000, and the related
consolidated statements of income, stockholders' equity, and cash flows for each
of the years then ended, which report appears in the December 31, 2001 Annual
Report on Form 10-KSB of First Federal of Olathe Bancorp, Inc.

/s/ BKD, LLP

Kansas City, Missouri
March 29, 2002