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): October 30, 2003


                         First Federal Bankshares, Inc.
                         ------------------------------
             (Exact name of registrant as specified in its charter)


           Delaware                      0-25509                  42-1485449
           --------                      -------                  ----------
(State or other jurisdiction)     (Commission File No.)      (I.R.S. Employer
        of incorporation)                                    Identification No.)


Address of principal executive offices:329 Pierce Street, Sioux City, Iowa 51101
                                       -----------------------------------------

Registrant's telephone number, including area code:(712) 277-0200
                                                   --------------

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







Item 5. Other Events

     First  Federal  Bankshares,  Inc.  (the  "Company")  announced  the  Annual
Shareholder  Meeting  results.  Directors Jon G.  Cleghorn,  Steven L. Opsal and
David Van Engelenhoven were re-elected to the Board of Directors of the Company,
each for a  three-year  term.  The  shareholders  ratified  the  appointment  of
McGladrey & Pullen, LLP as independent  auditor and also approved  amendments to
the  Company's  1999 Stock Option Plan and its 1999  Recognition  and  Retention
Plan.

     Also  announced was the  declaration  of a quarterly  dividend of $0.09 per
share,  an  increase  of $0.01 per  share  over  that  distributed  in the prior
quarter.

     Please  see  Press  Release  dated  October  30,  2003,  a copy of which is
included as Exhibit 99.1.







                                   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.

                                   FIRST FEDERAL BANKSHARES, INC.


DATE:  October 30, 2003            By:     /s/   Barry Backhaus
                                           -------------------------------------
                                           Barry Backhaus
                                           President and Chief Executive Officer







                                  EXHIBIT INDEX


The following Exhibits are filed as part of this report:

Exhibit 99.1        Press Release of First Federal Bankshares, Inc. dated
                    October 30, 2003