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 19, 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 8.01 Other Events
          ------------

          On June 19, 2007, First Keystone Financial, Inc. (the "Company")
announced the appointment of Dennis G. Clark as Senior Vice President and Chief
Credit Officer of the Company's wholly owned subsidiary, First Keystone Bank.
Reference is made to the Company's press release dated June 19, 2007 which is
included as Exhibit 99.1 hereto and which incorporated by reference herein by
reference thereto.

ITEM 9.01 Financial Statements and Exhibits
          ---------------------------------

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

          The following exhibits are filed herewith.

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

     99.1                Press release dated June 19, 2007































                                    2



                                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:  June 20, 2007               By: /s/ Rose M. DiMarco
                                       ----------------------------------
                                       Rose M. DiMarco
                                       Chief Financial Officer

































                                    3

EX-99.1

                                                                 Exhibit 99.1







          First Keystone Bank Announces Dennis G. Clark Appointed
               Senior Vice President and Chief Credit Officer


     Media, PA  June 19, 2007 -- (BUSINESS WIRE) -- First Keystone Bank (the
"Bank"), the wholly-owned subsidiary of First Keystone Financial, Inc.
(NASDAQ:  FKFS) (the "Company"), announced the appointment of Dennis G. Clark
to Senior Vice President and Chief Credit Officer of the Bank.  Mr. Clark
will be responsible for overseeing the Bank's loan and credit risk review
process.  Mr. Clark has over twenty-five years of commercial lending
experience serving at various community banks in the Bucks, Montgomery and
Philadelphia Counties market, most recently at Sovereign Bank.

     Tom Kelly, President and Chief Executive Officer, said, "Dennis brings a
strong credit background that solidifies the initiatives we have implemented
to improve our credit underwriting process. His experience in credit risk
management will contribute to the overall enhancement of our longer term
financial performance. We are delighted to welcome Dennis to First Keystone."

     First Keystone Bank serves its customers from eight full-service offices
in Delaware and Chester Counties, Pennsylvania.

     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.



Contacts

First Keystone Financial, Inc.
Thomas M. Kelly, President and Chief Executive Officer
or
Rose M. DiMarco, Chief Financial Officer
(610) 565-6210