**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                2.02** | **Results                of Operations and Financial                Condition** |
|------------------------------|---------------------------------------------------------------------------------|

| **Item                9.01** | **Financial                Statements and                Exhibits** |
|------------------------------|---------------------------------------------------------------------|

| (a) | Exhibits. |
|-----|-----------|

|   | 99 | Employment                Agreement |
|--------|----|-------------------------------------|

|   | 99.1 | Announcement                of the results of operations and dividend declaration, for AJS Bancorp,                Inc. for June 30, 2007. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------|

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**SIGNATURES**

|                               | **AJS                BANCORP, INC.** |
|------------------------------------|--------------------------------------|
|                               |                                 |   |
|                               |                                 |   |
|                               |                                 |   |
| DATE:                July 20, 2007 | By:                                  | /s/                Lyn G. Rupich |
|                               |                                 | Lyn                G. Rupich |
|                               |                                 | President/Chief                Operating Officer |

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**EXHIBIT      INDEX**

|                       |                                                                                                                                       |   |
|----------------------------|--------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Exhibit                No. | Description                                                                                                                                |   |
|                       |                                                                                                                                       |   |
| 99                         | Amended                Employment Agreement dated July 17, 2007                                                                            |   |
|                       |                                                                                                                                       |   |
| 99.1                       | Announcement                of the results of operations and dividend declaration, for AJS Bancorp,                Inc. for June 30, 2007. |   |