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):  January 10, 2008 (January 9, 2008)

_______________

1ST CENTURY BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

Delaware	333-148302	26-1169687
(State or other jurisdiction of incorporation)	Commission File Number	(IRS Employer 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 9, 2008, the Board of Directors of 1stCentury Bank, N.A. (the “Bank”), the wholly-owned national bank subsidiary of 1st Century Bancshares, Inc. (“Bancshares”), announced the promotion of Jason P. DiNapoli, age 39, to Chief Executive Officer of the Bank.  Mr. DiNapoli’s service as Chief Executive Officer is in addition to his existing role as President and Chief Operating Officer of the Bank and President and Chief Operating Officer of Bancshares.  The Bank’s current Chief Executive Officer, Alan I. Rothenberg, voluntarily tendered his resignation concurrent with Mr. DiNapoli’s promotion.  Mr. Rothenberg will continue to serve as the Chairman of the Board of the Bank and the Chairman of the Board and Chief Executive Officer of Bancshares.

DiNapoli has more than 13 years of relevant experience in banking and finance.  Previously, he was vice president of finance for JP DiNapoli Companies Inc., a real estate investment, development and property management organization. Prior to that, DiNapoli served as a vice president at Union Bank of California and was a team leader for the bank’s power and utilities group, managing an asset portfolio that exceeded $1.25 billion.

Item 9.01 Financial Statements And Exhibits.

(d)            Exhibits.

99.1 Press release dated January 9, 2008, announcing the promotion of Jason P. DiNapoli to Chief Executive Officer of 1st Century Bank, N.A.

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: January 10, 2008	By:	/s/ Jason P. DiNapoli
		Jason P. DiNapoli
		President and Chief Operating Officer

EXHIBIT INDEX

Exhibit No. Description

99.1 Press release dated January 9, 2008, announcing the promotion of Jason P. DiNapoli to Chief Executive Officer of 1st Century Bank, N.A.

EX-99.1

Exhibit 99.1

Contacts:
Margaret Tillman	Eileen Rauchberg/Angie Yang
Assistant Vice President, Marketing	Investor Relations
1st Century Bank	PondelWilkinson Inc.
310.270.9556	310.279.5980

JASON P. DINAPOLI PROMOTED 

TO CEO OF 1ST CENTURY BANK

--Alan I. Rothenberg Assumes Chairman, CEO Position of Newly formed Holding Company--

LOS ANGELES– January 9, 2008–1stCentury Bancshares, Inc. (OTCBB:  FCTY) today announced the promotion of Jason P. DiNapoli to chief executive officer of 1stCentury Bank, in addition to his current role as president.

DiNapoli assumes the chief executive title from Alan I. Rothenberg, who became chairman and chief executive officer of 1stCentury Bancshares, the recently formed holding company of 1stCentury Bank and remains as chairman of 1stCentury Bank.

“Having joined 1stCentury Bank during its formation in 2003, Jason has been a driving force behind its growth and success,” Rothenberg said. “He is an extremely talented leader who possesses the aptitude to guide the bank through its next phase of development. Jason’s proven track record and ability to get things done will serve us well as 1stCentury Bank continues to focus on core growth markets and expand its product and service offerings. ”

DiNapoli, 39, has more than 13 years of relevant experience in banking and finance.  Previously, he was vice president of finance for JP DiNapoli Companies Inc., a real estate investment, development and property management organization. Prior to that, DiNapoli served as a vice president at Union Bank of California and was a team leader for the bank’s power and utilities group, managing an asset portfolio that exceeded $1.25 billion.

Active in numerous local community organizations, DiNapoliis a member of the Los Angeles Museum of Contemporary Art Drawings Committeeand a former board memberof MOCA as well asthe Southern California chapter of the March ofDimes. He earned a bachelor’s degree from the University of California, Berkeley.

About 1st Century Bancshares, Inc.

1st Century Bancshares, Inc. is the bank holding company of 1st Century Bank, 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.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.  These statements are based upon our current expectations and speak only as of the date hereof.  Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, includingbut not limited to, the impact of changes in interest rates, a decline in economic conditions and increased competition among financial service providers, our ability to attract deposit and loan customers, the quality of the Bank’s earning assets, government regulations, and management’s ability to manage our growth.  Our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, certain Current Reports on Forms 8-K, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition.  We undertake no obligation to revise or update publicly any forward-looking statements for any reason.

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