8-K

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

Date of Report (Date of earliest event reported):  June 3, 2008 (May 30, 2008)

1^ST CENTURY BANCSHARES, INC.
(Exact name of registrant as specified in its charter)

Delaware	333-148302	26-1169687
(State or other jurisdiction of	Commission File Number	(IRS Employer
incorporation)		Identification No.)

1875 Century Park East, Suite 1400

Los Angeles, California 90067
(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (310) 270-9500

(Former name or former address, if change since last report)

Check the appropriate box below if the Form 8-K filing is to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

On May 30, 2008, 1st Century Bancshares, Inc. (the “Company”) issued a press release regarding the results from its annual shareholders meeting. A copy of that press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits

(a)	Not applicable
(b)	Not applicable
(c)	Not applicable
(d)	Exhibits

Exhibit 99.1

Press release dated May 30, 2008.

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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.

	1ST CENTURY BANCSHARES, INC.
Dated: June 3, 2008	By:	/s/ Jason P. DiNapoli
		Jason P. DiNapoli
		President and Chief Operating Officer

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release dated May 30, 2008.

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EX-99.1

Exhibit 99.1

Contact Information:

Alan I. Rothenberg	Angie Yang/Eileen Rauchberg
Chairman/Chief Executive Office	PondelWilkinson Inc.
Phone (310) 270-9501	Corporate and Investor Relations
	Phone: (310) 279-5980

Jason P. DiNapoli

President/Chief Operating Officer

Phone: (310) 270-9505

   1^ST CENTURY BANCSHARES ANNOUNCES ANNUAL MEETING RESULTS

– All Board-Nominated Directors Elected, Independent Auditors Ratified –

  – Stockholders Overwhelmingly Reject Palisair’s Bid for Board Seat –

LOS ANGELES – May 30, 2008 – 1^st Century Bancshares, Inc. (OTCBB:FCTY), the holding company of 1^st Century Bank, N.A., today announced results of its annual meeting of stockholders, conducted May 29, 2008.

Stockholders elected all board-nominated directors, including two new directors, Eric M. George and Nadine Watt.

Stockholders resoundingly rejected the nomination of Zachary James Cohen to be elected to 1^st Century Bancshares’ board of directors.  Excluding the shares owned by Palisair Capital Partners LLP, Cohen received approximately one percent of the outstanding shares of 1^st Century Bancshares, Inc.

“The results of the vote reflect a clear message that our stockholders support management’s and the board’s continued strategic direction of prudently building a solid financial institution.  We are extremely proud of our performance.  We have a very solid balance sheet and are well positioned to take advantage of appropriate growth opportunities resulting from these unusual economic times,” said Alan I. Rothenberg, Chairman and Chief Executive Officer of 1^st Century Bancshares, Inc.  “We thank our stockholders for their tremendous support.”

Stockholders also ratified the appointment of Perry-Smith LLP as 1st Century Bancshares, Inc.’s independent registered public accounting firm for the year ending December 31, 2008.  Biographies of all directors are available on the company’s website, www.1stcenturybank.com, and in its proxy statement filed with the Securities and Exchange Commission.

About 1^st Century Bancshares, Inc.

1^st Century Bancshares, Inc. is the bank holding company of 1^st Century Bank, N.A., a full service commercial bank headquartered in the Century City area of Los Angeles.  The Bank’s primary focus is relationship banking to family owned and closely held small and middle market businesses, professional service firms and high net worth individuals, real estate investors, medical professionals, and entrepreneurs.  Additional information is available at www.1stcenturybank.com.

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Safe Harbor Statement

Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward looking statements, include, but are not limited to, the Company’s ability to take advantage of appropriate growth opportunities, navigate the difficult banking environment and implement operational enhancements.  These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results, performance or achievements to differ materially from those expressed, suggested or implied by the forward-looking statements.  These risks and uncertainties include, but are not limited to: (1) the impact of changes in interest rates, a decline in economic conditions and increased competition among financial service providers on the Company’s operating results, ability to attract deposit and loan customers and the quality of the Company’s earning assets; (2) government regulation; and (3) the other risks set forth in the Company’s reports filed with the U.S. Securities and Exchange Commission.  The Company does not undertake, and specifically disclaims, any obligation to revise or update any forward-looking statements for any reason.