Item 8.01 Other Events.

Timberland Bancorp, Inc. announced that it had received preliminary approval from the U.S. Treasury to purchase $16.6 million of its senior preferred stock and related warrants to purchase up to $2.5 million of its common stock, subject to the completion of the formal agreements. The full text of the press release is furnished herewith as Exhibit 99.1 and is incorporated into this Item 8.01 by reference in its entirety.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press release dated December 17, 2008.

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