ITEM 8.01 OTHER EVENTS

On November 13, 2008, Jefferson Bancshares, Inc. (the "Company"), the holding company for Jefferson Federal Bank, announced that its Board of Directors has approved a fourth stock repurchase program to acquire up to 620,770 shares, or 10% of the Company's outstanding common stock. The Company's third stock repurchase program, which was approved on February 24, 2006 and authorized the Company to acquire up to 690,261 shares of its outstanding common stock, was completed on November 12, 2008. Repurchases, which will be conducted through open market purchases or privately negotiated transactions, will be made from time to time depending on market conditions and other factors. Repurchased shares will he held in treasury. For more information, see the press release dated November 13, 2008 included as Exhibit 99.1 to this report and furnished herewith.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits Number Description ------ ----------- 99.1 Press Release dated November 13, 2008