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                                  UNITED STATES
                       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): April 30, 2008
                                                          --------------

                        COMMUNITY FINANCIAL SHARES, INC.
                        --------------------------------
             (Exact name of registrant as specified in its charter)

      Delaware                         0-51296                 36-4387843
      --------                        ---------                ----------
(State or other Jurisdiction of      (Commission              (IRS Employer
         incorporation)              File Number)           Identification No.)

                 357 Roosevelt Road, Glen Ellyn, Illinois 60137
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                    (Address of principal executive offices)

                                 (630) 545-0900
                                 --------------
              (Registrant's telephone number, including area code)

                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

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

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

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

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ITEM 2.02   RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
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      On April 30, 2008, Community Financial Shares, Inc. (the "Company")
announced its unaudited financial results for the quarter ended March 31, 2008.
For more information, reference is made to the Company's press release dated
April 30, 2008, a copy of which is attached to this Report as Exhibit 99.1 and
is furnished herewith.

ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS.
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      (d)   Exhibits

            Number      Description
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            99.1        Press Release Dated April 30, 2008

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                                   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.



Dated:  April 30, 2008              By: /s/ Eric J. Wedeen
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                                        Eric J. Wedeen
                                        Vice President and Chief Financial
                                        Officer