KANKAKEE BANCORP INC
8-K, 1999-03-05
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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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



                                    MARCH 4, 1999
                                   (Date of report)


                                KANKAKEE BANCORP, INC.
                (Exact name of registrant as specified in its charter)




                                       DELAWARE
                             (State or other jurisdiction
                                  of incorporation)

         1-13676                                                36-3846489
       (Commission                                             (IRS Employer
       File Number)                                          Identification No.)

                              310 SOUTH SCHUYLER AVENUE
                               KANKAKEE, ILLINOIS 60901
                  (Address of principal executive offices)(Zip Code)


                                    (815) 937-4440
                 (Registrant's telephone number, including area code)

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ITEM 5.  OTHER EVENTS

     On March 4, 1999, Kankakee Bancorp, Inc. issued a press release announcing
that its 1999 Annual Meeting of Stockholders will be held on Friday, April 23,
1999.  A copy of the press release is attached as Exhibit 99.1


ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

     (a)  FINANCIAL STATEMENTS.

          None.

     (b)  PRO FORMA FINANCIAL INFORMATION.

          None.

     (c)  EXHIBITS.

          99.1 Press Release dated March 4, 1999

                                       2

<PAGE>

                                   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.


                                   KANKAKEE BANCORP, INC.,
                                   a Delaware corporation


Date: March 4, 1999                By: /s/  Michael A. Stanfa
                                      ----------------------------
                                      Michael A. Stanfa
                                      Executive Vice President

                                       3


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- -------------------------------------------------------------------------------

                                NEWS RELEASE
                               March 4, 1999

              -------------------------------------------------
                          KANKAKEE BANCORP, INC.
              -------------------------------------------------
              310 SOUTH SCHUYLER AVENUE
              P.O. BOX 3                         (815) 937-4440
              KANKAKEE, IL 60901-0003       FAX  (815) 937-3674

FOR MORE INFORMATION CONTACT:
     MICHAEL A. STANFA, EXECUTIVE VICE PRESIDENT
     JAMES G. SCHNEIDER, CHAIRMAN, PRESIDENT AND CEO
     RONALD J. WALTERS, VICE PRESIDENT AND TREASURER      FOR IMMEDIATE RELEASE

- -------------------------------------------------------------------------------


             KANKAKEE BANCORP, INC. ANNOUNCES ANNUAL MEETING DATE
             ----------------------------------------------------


     Kankakee, Illinois....(March 4, 1999) Kankakee Bancorp, Inc. (AMEX:KNK), 
announced today that its Annual Meeting of Stockholders will be held at 
10:00 a.m. on Friday, April 23, 1999, at Sully's-Sullivan's Warehouse, a 
restaurant located at 555 South West Avenue, Kankakee, Illinois 60901. 
Stockholders of record at the close of business on March 1, 1999 are the 
stockholders entitled to vote at the meeting and any adjournments or 
postponements thereof.


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