CFSB Bancorp has launched a stock repurchase program to acquire up to 235,000 shares, or 5%, of the company's stock.

Robert H. Becker, president and chief executive officer, said the board considers the stock a good investment. He added that the program is intended to offset dilution associated with administration of the corporation's stock option plans and the issuance of stock dividends.

CFSB has completed a 246,000-share repurchase announced last June.

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