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)
                                  May 18, 2005

                               GFSB Bancorp, Inc.
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             (Exact name of Registrant as specified in its Charter)



          Delaware                        0-25854               04-2095007
- ----------------------------         ----------------          -------------
(State or other jurisdiction         (Commission File          (IRS Employer
of incorporation)                         Number)            Identification No.)



221 West Aztec Avenue, Gallup, New Mexico                          87301
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(Address of principal executive offices)                        (Zip Code)



Registrant's telephone number, including area code:      (505) 726-6500
                                                         --------------



                                 Not Applicable
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          (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
|_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
|_|  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act
|_|  Pre-commencement  to  communications  pursuant to Rule  13e-4(c)  under the
     Exchange Act



INFORMATION TO BE INCLUDED IN REPORT
- ------------------------------------

Item 8.01  Other Events
- ---------  ------------

On May 18, 2005, the stockholders of GFSB Bancorp,  Inc.  approved the Agreement
and Plan of Merger with First  Federal Banc of the  Southwest,  Inc. For further
information  please  refer to the Press  Release  attached as Exhibit 99 to this
Report.

Item 9.01  Financial Statements, Pro Forma Financial Information
- ---------  -----------------------------------------------------
           and Exhibits
           ------------

(c) Exhibits


     Exhibit
     Number                Description
     ------                -----------

       99       Press Release dated May 18, 2005



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.

                                     GFSB Bancorp, Inc.


Date: May 18, 2005

                                     By: /s/Jerry R. Spurlin
                                         ---------------------------------------
                                         Jerry R. Spurlin
                                         Chief Financial Officer
                                         (Duly Authorized Representative)