- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * TIMYAN PHILIP J	2. Date of Event Requiring Statement (MM/DD/YYYY) 2/19/2009	3. Issuer Name and Ticker or Trading Symbol GS FINANCIAL CORP [GSLA]
(Last)        (First)        (Middle) 4324 CENTRAL AVENUE	4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                            _____ 10% Owner _____ Officer (give title below)          ___ X ___ Other (specify below) / Member of >10% 13(d) group
(Street) WESTERN SPRINGS, IL 60558        (City)              (State)              (Zip)	5. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common stock ($0.01 par value)	5000	D
Common stock ($0.01 par value)	102221	I	See footnotes   (1) (3)
Common stock ($0.01 par value)	17850	I	See footnotes   (2) (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:
( 1)	Riggs Qualified Partners, LLC ("RQP, LLC") holds 102,221 shares of GS Financial Corp.'s common stock (the "Common Stock"). Mr. Timyan, as managing member of RQP, LLC, may be deemed to be the beneficial owner of the 102,221 shares of Common Stock held by RQP, LLC.
( 2)	Mr. Timyan may be deemed to beneficially own 17,850 shares of Common Stock held by RAM T, L.P. ("RAM"), for which Mr. Timyan has dispositive power.
( 3)	The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, that the Reporting Person is the beneficial owner of any Common Stock covered by this statement.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
TIMYAN PHILIP J 4324 CENTRAL AVENUE WESTERN SPRINGS, IL 60558				Member of >10% 13(d) group

Signatures
/s/ Philip Timyan		3/2/2009
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.