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



                             November 8, 2002
______________________________________________________________________________
                    (Date of earliest event reported)


                             CFS Bancorp, Inc.
______________________________________________________________________________
          (Exact name of registrant as specified in its charter)


         Delaware                    0-24611                    35-2042093
______________________________________________________________________________
(State or other jurisdiction  (Commission File Number)       (IRS Employer
of incorporation)                                          Identification No.)



707 Ridge Road, Munster, Indiana                                   46321
______________________________________________________________________________
(Address of principal executive offices)                        (Zip Code)


                               (219) 836-5500
______________________________________________________________________________
           (Registrant's telephone number, including area code)


                              Not Applicable
______________________________________________________________________________
(Former name, former address and former fiscal year, if changed since last
report)

Item 5.   Other Events
          ------------

     On November 8, 2002, CFS Bancorp, Inc. (the "Company") announced that
its wholly owned subsidiary, CFS Insurance Agency, Inc., had entered into a
definitive agreement to sell its assets to Horton Insurance Agency, Inc.,
effective December 1, 2002.

     For additional information, reference is made to the press release of
the Company, dated November 8, 2002, which is included as Exhibit 99.1 and is
incorporated herein by reference thereto.

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits
          ------------------------------------------------------------------

     (a)  Not applicable.

     (b)  Not applicable.

     (c)  The following exhibits are included with this Report:


     Exhibit No.         Description
     -----------         -----------

     99.1                Press Release, dated November 8, 2002



















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                                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 thereunto duly authorized.

                                   CFS BANCORP, INC.



                                   By:  /s/ John T. Stephens
                                        --------------------
                                   Name:  John T. Stephens
                                   Title: Executive Vice President and Chief
                                           Financial Officer

Date: November 12, 2002






















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