UNITED STATES
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
September 1, 2005 (August 31, 2005)
Date of Report (Date of earliest event reported)
FIRST BANKS, INC.
(Exact name of registrant as specified in its charter)
MISSOURI 0-20632 43-1175538
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
135 NORTH MERAMEC, CLAYTON, MISSOURI 63105
(Address of principal executive offices) (Zip code)
(314) 854-4600
(Registrant's telephone number, including area code)
Not Applicable
(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:
( ) 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))
FIRST BANKS, INC.
TABLE OF CONTENTS
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ITEM 8.01 OTHER EVENTS.............................................. 1
SIGNATURE............................................................. 2
ITEM 8.01 OTHER EVENTS.
On August 31, 2005, a Notice of Optional Redemption was distributed by
U.S. Bank National Association, as Trustee, to holders of the First Preferred
Capital Trust II ("First Preferred II") 10.24% cumulative trust preferred
securities indicating First Banks, Inc.'s ("First Banks" or the "Company")
intention to redeem in full the outstanding First Preferred II trust preferred
securities on September 30, 2005 (the "Redemption Date") at the liquidation
value of $25 per preferred security, together with distributions accumulated and
unpaid to the Redemption Date. In conjunction with this transaction, First Banks
will payoff in full the $59.3 million of 10.24% subordinated debentures that
were issued by First Banks to First Preferred II in October 2000, thereby
providing funds for the redemption of the trust preferred securities. From and
after September 30, 2005, distributions on the First Preferred II trust
preferred securities shall cease to accrue and the First Preferred II trust
preferred securities will cease to be entitled to any lien, benefit or security
under the governing documents.
The trust preferred securities of First Preferred II are traded on the
Nasdaq National Market System under the ticker symbol "FBNKN."
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 BANKS, INC.
Date: September 1, 2005 By: /s/ Allen H. Blake
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Allen H. Blake
President and Chief Executive Officer