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

                                October 26, 2006
                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 9.01  FINANCIAL STATEMENTS AND EXHIBITS..............................   1

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








ITEM 2.02 - RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

       On  October  26,  2006,  First  Banks,  Inc.  issued   a   press  release
announcing its financial  results for the three and nine months ended  September
30, 2006. A copy of the press release is attached hereto as Exhibit 99.

ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS.

(c)    Exhibits.

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

             99         Press Release issued by First Banks, Inc. on October 26,
                        2006.









                                    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:  October 26, 2006                       By: /s/ Allen H. Blake
                                                  ------------------------------
                                                      Allen H. Blake
                                                      President and
                                                      Chief Executive Officer