**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      8-K**

**CURRENT      REPORT**

**AJS      BANCORP, INC.**

| Federal                                                        |   | 000-33405                            |   | 36-4485429                         |
|----------------------------------------------------------------|--------|--------------------------------------|--------|------------------------------------|
| (State                or Other Jurisdiction)                   |   | (Commission                File No.) |   | (I.R.S.                Employer    |
| of                Incorporation)                               |   |                                 |   | Identification                No.) |
|                                                           |   |                                 |   |                               |
|                                                           |   |                                 |   |                               |
| 14757                South Cicero Avenue, Midlothian, Illinois |   |                                 |   | 60445                              |
| (Address                of Principal Executive Offices)        |   |                                 |   | (Zip                Code)          |

| o | Written                communications pursuant to Rule 425 under the Securities Act (17                CFR                230.425) |
|---|------------------------------------------------------------------------------------------------------------------------------------|

| o | Soliciting                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR                240.14a-12) |
|---|----------------------------------------------------------------------------------------------------------------------|

| o | Pre-commencement                communications pursuant to Rule 14d-2(b) under the Exchange Act (17                CFR                240.14d-2(b)) |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| o | Pre-commencement                communications pursuant to Rule 13e-4(c) under the Exchange Act (17                CFR                240.13e-4(c)) |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------|

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**Item      1.01.   Entry into a Material Definitive      Agreement.**

**Item      8.01.  **
**Other Events.**

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**SIGNATURES**

|                                 | **AJS                BANCORP, INC.**                     |                             |
|--------------------------------------|----------------------------------------------------------|----------------------------------|
|                                 |                                                     |                             |   |
|                                 |                                                     |                             |   |
|                                 |                                                     |                             |   |
| DATE:                August 21, 2007 | By:                                                      | /s/                Lyn G. Rupich |   |
|                                 |  **Lyn              G. Rupich**                     |                             |
|                                 |  **President/Chief              Operating Officer** |                             |

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**EXHIBIT      INDEX**

| **Exhibit                No.** | **Description**                                                                                                                                |
|--------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.1                           | Supplemental                Executive Agreement                                                                                                |
|                           |                                                                                                                                           |
| 99.1                           | Press                release dated August 21, 2007, announcing AJS Bancorp, Inc. addition                to                repurchase program. |