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): September 8, 2009
FIRST FEDERAL BANKSHARES, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-25509 42-1485449
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(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
329 Pierce Street, Sioux City, Iowa 51101
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (712) 277-0200
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Not Applicable
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(Former name or former address, if changed since last report)
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 CFR 240.13e-4(c))
Item 8.01 - Other Events.
As previously reported in a Form 8-K filed on September 8, 2009, Vantus Bank
(the "Bank"), the principal operating subsidiary of First Federal Bankshares,
Inc. (the "Company"), was closed by the Office of Thrift Supervision on
September 4, 2009, and the Federal Deposit Insurance Corporation ("FDIC") was
appointed as receiver of the Bank. Subsequent to the closure, Great Southern
Bank, Springfield, Missouri, assumed all of the deposits of the Bank and
purchased approximately $387 million of the Bank's assets in a transaction
facilitated by the FDIC. On September 5, 2009, the 15 offices of the Bank
reopened as branches of Great Southern Bank.
On September 8, 2009, the Company received a NASDAQ Staff Determination letter
(the "Letter") notifying the Company that as a result of concerns about the
Company's ability to sustain compliance with all of the requirements for
continued listing on NASDAQ, principally due to the closure of Vantus Bank, the
Company's principal operating subsidiary, NASDAQ Staff had made a determination
to delist the Company's common stock from The Nasdaq Stock Market. The Company
does not intend to appeal the delisting decision. As a result, trading will
continue to be halted in the Company's common stock until trading is suspended
on September 17, 2009. A Form 25-NSE will then be filed with the Securities and
Exchange Commission, which will remove the Company's common stock from listing
and registration on The Nasdaq Stock Market.
Item 9.01. Financial Statements and Exhibits
(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
(d) Exhibits: None
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: September 14, 2009 By: /s/ Levon L. Mathews
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Levon L. Mathews
President and Chief Executive Officer