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)     February 9, 2007
                                                ______________________________


                      First Keystone Financial, Inc.
______________________________________________________________________________
           (Exact name of registrant as specified in its charter)



          Pennsylvania                  000-25328                23-2576479
______________________________________________________________________________
(State or other jurisdiction    (Commission File Number)       (IRS Employer
of incorporation)                                          Identification No.)



22 West State Street, Media, Pennsylvania                          19063
______________________________________________________________________________
(Address of principal executive offices)                         (Zip Code)



Registrant's telephone number, including area code          (610) 565-6210
                                                  ____________________________



                             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 (see General Instruction A.2 below):

[ ]  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))


ITEM 7.01 Regulation FD Disclosure
          ------------------------

     On February 9, 2007, First Keystone Financial, Inc. (the "Company") issued
a press release announcing the results of the Annual Meeting of Shareholders
held on February 7, 2007.  The press release attached hereto as Exhibit 99.1
and incorporated herein by reference, is being furnished pursuant to this Item
7.01 and shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise
subject to the liabilities of that section, and it shall not be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or under the Exchange Act, whether made before or after the date
hereof, except as expressly set forth by specific reference in such filing 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

          The following exhibit is filed herewith.

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

     99.1                 Press Release dated February 9, 2007






                                 SIGNATURES


     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 thereunto duly authorized.


                                   FIRST KEYSTONE FINANCIAL, INC.



Date:  February 12, 2007           By: /s/ Rose M. DiMarco
                                       ----------------------------
                                       Rose M. DiMarco
                                       Chief Financial Officer

EX-99.1

                                                                 Exhibit 99.1


FIRST                                                    22 West State Street
KEYSTONE                                                 Media, PA 19063
FINANCIAL, INC.                                          610-565-6210

FOR IMMEDIATE RELEASE



                 FIRST KEYSTONE FINANCIAL ANNOUNCES RESULTS
                              OF ANNUAL MEETING


     Media, PA  February 9, 2007 - First Keystone Financial, Inc. (NASDAQ: FKFS)
(the "Company"), the holding company for First Keystone Bank, today announced
the results of the voting on the two proposals presented to shareholders at its
annual meeting.  The Board of Directors nominees for re-election, Donald S.
Guthrie, Edmund Jones and Jerry A. Naessens, have been elected by shareholders.
Shareholders also ratified the appointment of Deloitte & Touche, LLP as the
Company's independent public accounting firm.

     "I am very gratified by the support and confidence shown by our
shareholders in voting in favor of our nominees," said Donald S. Guthrie,
Chairman of the Board of the Company.

     First Keystone Bank, the Company's wholly owned subsidiary, serves its
customers from eight full-service offices located in Delaware and Chester
Counties.

     Certain information in this release may constitute forward-looking
statements as that term is defined in the Private Securities Litigation Act of
1995.  Such forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those estimated due
to a number of factors.  Persons are cautioned that such forward-looking
statements are not guarantees of future performance and are subject to various
factors, which could cause actual results to differ materially from those
estimated.  These factors include, but are not limited to, changes in general
economic and market conditions and the development of an interest rate
environment that adversely affects the interest rate spread or other income
from the Company's and the Bank's investments and operations.  The Company
does not undertake and specifically disclaims any obligation to publicly
release the result of any revisions which may be made to any forward-looking
statements to reflect the occurrence of anticipated or unanticipated events
or circumstances after the date of such statements.

CONTACT:  Thomas M. Kelly, President and Chief Executive Officer
          Rose M. DiMarco, Chief Financial Officer
          (610) 565-6210