UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 15

Certification and Notice of Termination of Registration under Section 12(g) of
the Securities Exchange Act of 1934 or Suspension of Duty to File Reports Under
Sections 13 and 15(d) of the Securities Exchange Act of 1934.

                                                  Commission File Number 0-22790

                         STATEFED FINANCIAL CORPORATION
             (Exact name of registrant as specified in its charter)

                   13523 University Avenue, Clive, Iowa 50325
                                 (515) 223-8484
    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive offices)

                     Common Stock, $0.01 par value per share
            (Title of each class of securities covered by this Form)

                                      None
           (Titles of all other classes of securities for which a duty
             to file reports under section 13(a) or 15(d) remains)

Please place an X in the box(es) to designate the appropriate rule provision(s)
relied upon to terminate or suspend the duty to file reports:

Rule 12g-4(a)(1)(i)            [X]         Rule 12h-3(b)(1)(ii)            [ ]

Rule 12g-4(a)(1)(ii)           [ ]         Rule 12h-3(b)(2)(i)             [ ]

Rule 12g-4(a)(2)(i)            [ ]         Rule 12h-3(b)(2)(ii)            [ ]

Rule 12g-4(a)(2)(ii)           [ ]         Rule 15d-6                      [ ]

Rule 12h-3(b)(1)(i)            [X]

Approximate number of holders of record as of the certification or notice
date: 1

Pursuant to the requirements of the Securities Exchange Act of 1934 StateFed
Financial Corporation has caused this certification/notice to be signed on its
behalf by the undersigned duly authorized person.

DATE: March 11, 2004                             By:    /s/ Russell G. Olson
                                                 Name:  Russell G. Olson
                                                 Title: President & Secretary