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): July 20, 2006

                               -------------------

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


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



329 Pierce Street, Sioux City, Iowa                           51101
- -----------------------------------                        -----------
(Address of principal executive offices)                    (Zip Code)


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

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 (see General Instruction A.2. below):

[  ]  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 CRF 240.13e-4(c))







Item 5.02.   Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.

     On July 20, 2006, the Board of Directors of First Federal Bankshares,  Inc.
(the  "Company")  and the  Board of  Directors  of the  Company's  savings  bank
subsidiary,  First Federal Bank (the "Bank"),  approved director nominees Jon G.
Cleghorn,  Michael  W.  Dosland  and  David M.  Roederer,  as  submitted  by the
Nominating  Committee,  to stand for  election  at the 2006  Annual  Meetings of
Stockholders. The terms are for three years expiring in 2009.








                                    SIGNATURE

     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.

Dated:  July 20, 2006             By:  /s/ Michael W. Dosland
                                       ------------------------------------
                                       Michael W. Dosland
                                       President and Chief Executive Officer
                                       (Duly authorized representative)