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): March 26, 2007

                           BANKFINANCIAL CORPORATION
                           -------------------------
               (Exact Name of Registrant as Specified in Charter)

         Maryland                    0-51331                      75-3199276
- -----------------------------  ---------------------           ---------------
(State or Other Jurisdiction)  (Commission File No.)          (I.R.S. Employer
      of Incorporation)                                     Identification No.)


15W060 North Frontage Road, Burr Ridge, Illinois                    60527
- ------------------------------------------------                  --------
(Address of Principal Executive Offices)                          (Zip Code)

Registrant's telephone number, including area code:  (630) 242-7700
                                                     --------------



                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[  ]  Written communications pursuant to Rule 425 under the Securities
      Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange
      Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under
      the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under
      the Exchange Act (17 CFR 240.13e-4(c))





Item 8.01.        Other Events.

     On March 26, 2007, BankFinancial Corporation (the "Company") announced that
its Board of Directors  (the  "Board") has extended the  expiration  date of its
current share repurchase  authorization  from March 31, 2007 until September 30,
2007,  and has  increased by  1,158,759  shares the number of shares that can be
repurchased  in  accordance  with the  authorization.  The  increase  represents
approximately 5% of the Company's issued and outstanding  shares of common stock
as of March  23,  2007.  As of March  23,  2007,  the  Company  had  repurchased
2,109,274  shares of its common stock out of the 2,446,625  shares that had been
previously authorized for repurchase.

     As previously disclosed, the authorization permits shares to be repurchased
in open market or negotiated transactions, and pursuant to any trading plan that
may be adopted in  accordance  with Rule 10b5-1 of the  Securities  and Exchange
Commission.  The  authorization  will be  utilized at  management's  discretion,
subject  to the  limitations  set  forth in Rule  10b-18 of the  Securities  and
Exchange  Commission and other applicable legal  requirements,  and to price and
other internal  limitations  established by the Board. The  authorization may be
suspended,  terminated  or modified at any time prior to September  30, 2007 for
any reason,  including market conditions,  the cost of repurchasing  shares, the
availability  of  alternative  investment  opportunities,  liquidity,  and other
factors deemed relevant. These factors will also affect the timing and amount of
share repurchases.

     In  addition,  the  Company  announced  that its  2007  Annual  Meeting  of
Shareholders will be held on June 26, 2007 at 11:00 AM, Chicago,  Illinois time.
The location of the meeting  will be the  Willowbrook  Holiday  Inn,  7800 South
Kingery Highway (Route 83), Willowbrook, Illinois 60527.

     A copy of the press release  announcing this item is attached as Exhibit 99
to this report. The information in the preceding  paragraphs, as well as Exhibit
99,  shall not be deemed  "filed" for  purposes of Section 18 of the  Securities
Exchange Act of 1934,  nor shall it be deemed  incorporated  by reference in any
filing under the Securities Act of 1933.

Item 9.01.        Financial Statements and Exhibits.

     (a) Not Applicable.

     (b) Not Applicable.

     (c) Not Applicable.

     (d) Exhibits.

     Exhibit No.           Exhibit

          99           Press release dated March 26, 2007





                                   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.

                                  BANKFINANCIAL CORPORATION



DATE: March 26, 2007          By: /s/ F. Morgan Gasior
                                  ----------------------------------------------
                                  F. Morgan Gasior
                                  Chairman of the Board, Chief Executive Officer
                                     and President






                                  EXHIBIT INDEX

         Exhibit No.                Exhibit

              99                Press release dated March 26, 2007