UNITED STATES
                       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): April 27, 2010


                            St. Joseph Bancorp, Inc.
                            ------------------------
             (Exact name of registrant as specified in its charter)

           Maryland                     000-53573                 26-3616144
- ----------------------------      ---------------------      -------------------
(State or other jurisdiction      (Commission File No.)       (I.R.S. Employer
    of incorporation)                                        Identification No.)

1901 Frederick Avenue, St. Joseph, Missouri                         64501
- -------------------------------------------                      ------------
(Address of Principal Executive Offices)                          (Zip Code)

Registrant's telephone number, including area code:  (816) 233-5148
                                                     --------------

                                 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:

[  ]  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 1.01.  Entry into a Material Definitive Agreement.
            -------------------------------------------

            On April 27, 2010,  Midwest Federal Savings and Loan  Association of
St.  Joseph (the  "Association"),  the wholly  owned  subsidiary  of St.  Joseph
Bancorp,  Inc.  (the  "Company"),  entered  into a  Real  Estate  Contract  (the
"Agreement")  with M&I Marshall & Ilsley Bank to acquire real estate  located at
2211 North Belt  Highway,  St.  Joseph,  Missouri,  including  the  building and
improvements  thereon,  which is expected  to be used as a branch  office of the
Association. The purchase price of the property is $538,000. The Association did
not acquire  deposits or loans as part of this  transaction.  The transaction is
expected to close during the quarter ending June 30, 2010.

            The foregoing  description  of the Agreement  does not purport to be
complete and is qualified in its entirety by reference to the  Agreement,  which
is filed as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated
into this report by reference.


Item 9.01.  Financial Statements and Exhibits.
            ----------------------------------

(a)         Financial statements of businesses acquired. Not Applicable.

(b)         Pro forma financial information. Not Applicable.

(c)         Shell company transactions: Not Applicable.

(d)         Exhibits.

            The following exhibit is attached as part of this report:

            Exhibit 10.1  Real Estate Contract with M&I Marshall & Ilsley Bank







                                   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.

                                           ST. JOSEPH BANCORP, INC.


DATE:  May 3, 2010                     By: /s/ Ralph E. Schank
                                           -----------------------------------
                                           Ralph E. Schank
                                           President and Chief Executive Officer