Prepared By R.R. Donnelley Financial -- Form 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): 12/20/2005

First State Bancorporation

(Exact name of registrant as specified in its charter)

Commission File Number: 001-12487

New Mexico		85-0366665
(State or other jurisdiction of		(IRS Employer
incorporation)		Identification No.)

7900 Jefferson NE

Albuquerque, NM 87109

(Address of principal executive offices, including zip code)

505-241-7500

(Registrant’s telephone number, including area code)

(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:

[X] 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))

Information to be included in the report

Item 8.01. Other Events

On December 20, 2005, First State Bancorporation, a New Mexico corporation ("First State") issued a press release announcing that the shareholders of both Access Anytime Bancorp, Inc., a Delaware corporation ("Access Anytime") and New Mexico Financial Corporation, a New Mexico corporation ("NMFC") have approved the respective mergers with and into First State. In addition First State has received regulatory approval from the Federal Reserve Bank of Kansas City for both transactions. A copy of the press release is attached hereto as Exhibit 99.1.

The preceding is qualified in its entirety by reference to the press release announcing the shareholder approvals of both Access Anytime and NMFC and the Federal Reserve Bank approval, which is incorporated by reference to this Form 8-K.

Item 9.01. Financial Statements and Exhibits

Exhibit 99.1 First State Bancorporation press release dated December 20, 2005.

Signature(s)

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 State Bancorporation


Date: December 20, 2005	By:	/s/ Christopher C. Spencer
		Christopher C. Spencer
		Senior Vice President and Chief Financial Officer

Exhibit Index

Exhibit No.		Description
EX-99.1		First State Bancorporation press release dated December 20, 2005.

EX-99.1 2 rrd100789_10396.htm FIRST STATE BANCORPORATION PRESS RELEASE DATED DECEMBER 20, 2005. UNITED STATES Exhibit 99.1

NEWS RELEASE

H. Patrick Dee
Chief Operating Officer
(505) 241-7102

Christopher C. Spencer
Chief Financial Officer
(505) 241-7154

First State Bancorporation Receives Approval
to Acquire Access Anytime and NMFC

Albuquerque NM--December 20, 2005--First State Bancorporation (NASDAQ:FSNM) New Mexico's largest locally managed bank holding company today announced that approval has been received from the shareholders of Access Anytime Bancorp, Inc. (Access Anytime) and New Mexico Financial Corporation (NMFC) in addition to the Federal Reserve Bank of Kansas City for its acquisitions of Access Anytime and NMFC.

"The approval of the shareholders of Access Anytime, the shareholders of NMFC, and the Federal Reserve Bank are another key step towards completion of these acquisitions," commented President and Chief Executive Officer Michael R. Stanford. "Our management team is working diligently with the Access Anytime and NMFC staff on a detailed timeline of tasks to complete the transition process for these transactions," continued Stanford.

The acquisitions of Access Anytime and NMFC are expected to close in early January 2006.

On Monday, December 19, 2005, First State's stock closed at $24.43 per share.

Certain statements in this news release are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). The discussions regarding our growth strategy, expansion of operations in our markets, competition, loan and deposit growth, timing of new branch openings, expansion opportunities including expanding our mortgage division market share, and response to consolidation in the banking industry include forward-looking statements. Other forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "may," "will," "should," "seek," "approximately," "intend," "plan," "estimate," or "anticipate" or the negative of those words or other comparable terminology. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statement. Some factors include changes in interest rates, local business conditions, government regulations, loss of key personnel or inability to hire suitable personnel, faster or slower than anticipated growth, economic conditions, our competitors' responses to our marketing strategy or new competitive conditions, and competition in the geographic and business areas in which we conduct our operations. Other factors are described in First State's filings with the Securities and Exchange Commission. First State is under no obligations to update any forward-looking statements.

First State's news releases and filings with the Securities and Exchange Commission are available through the Investor Relations section of First State's website at www.fsbnm.com.

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