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

                                  July 31, 2008
                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

                                                                           Page
                                                                           ----

ITEM 2.02  RESULTS OF OPERATIONS AND FINANCIAL CONDITION..................   1

ITEM 8.01  OTHER EVENTS...................................................   1

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS..............................   1

SIGNATURE  ...............................................................   2










ITEM 2.02  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

       On July 31, 2008, First Banks, Inc. issued a press release announcing the
completion of its planned capital raise, its financial results for the three and
six months  ended June 30, 2008 and the  issuance of its  restated  consolidated
financial statements.  A copy of the press release is attached hereto as Exhibit
99.


ITEM 8.01  OTHER EVENTS.

       See Item 2.02.


ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS.

(d)    Exhibits.

           Exhibit Number       Description
           --------------       -----------

                 99             Press release dated  as of July 31, 2008 - filed
                                herewith.




                                    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: July 31, 2008                             By: /s/ Terrance M. McCarthy
                                                    ----------------------------
                                                        Terrance M. McCarthy
                                                        President and
                                                        Chief Executive Officer