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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):
November 18, 1997
CFSB BANCORP, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-18609 38-2920051
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation or File Number) Identification No.)
Organization)
112 East Allegan Street, Lansing, Michigan 48933
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(517) 371-2911
Not applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events
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On November 18, 1997, the registrant's Board of Directors
approved a 3-for-2 common stock split. The common stock split
will be distributed December 18, 1997, to stockholders of record
as of December 1, 1997. The common stock split increases the
outstanding common stock of the registrant by 50 percent to
approximately 7.6 million shares. Stockholders of record will
receive three shares of common stock for each two shares held.
For information regarding the 3-for-2 stock split, reference is
made to the registrant's press release dated November 18, 1997,
which is attached hereto as Exhibit 99.1 and incorporated herein
by reference.
Item 7. Financial Statements and Exhibits
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Exhibit 99.1 - Press Release dated November 18, 1997.
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CFSB Bancorp, Inc.
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.
CFSB Bancorp, Inc.
(Registrant)
Date: November 18, 1997 By: /s/ Robert H. Becker
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Robert H. Becker
President and
Chief Executive Officer
CONTACT: Robert H. Becker
President & CEO
517-374-3588
OR: John W. Abbott
Executive Vice
President & COO
517-483-4871
FOR IMMEDIATE RELEASE -- November 18, 1997
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CFSB BANCORP, INC. ANNOUNCES
3-FOR-2 STOCK SPLIT
Lansing, Michigan -- CFSB Bancorp, Inc., (NASDAQ-NMS: CFSB)
holding company for Community First Bank, announced today that
the Corporation's Board of Directors has approved a 3-for-2
stock split, effective in the form of a 50 percent stock
dividend. The stock dividend will be distributed December 18,
1997 to stockholders of record as of December 1, 1997.
President and Chief Executive Officer, Robert H. Becker, said,
"The split expands outstanding shares of the company by 50
percent to approximately 7.6 million shares. Stockholders will
receive three shares of common stock for each two shares they
hold on the record date. The split should bring the market
price of the company's stock to a level more attractive to
individual investors, enhance market liquidity, and create a
wider stockholder base."
Certificates for the additional full shares will be mailed
December 18, 1997. Stockholders entitled to receive fractional
shares will receive cash, based on the most recent market price
as of December 1, 1997.
CFSB Bancorp, Inc. is the holding company for Community First
Bank which specializes in residential mortgage lending and
retail banking services. With headquarters in Lansing,
Michigan, the Bank serves mid-Michigan from 17 Banking Centers.
Total assets of CFSB Bancorp at September 30, 1997 were $860.0
million and stockholders' equity, all tangible, was $66.3
million.
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