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): 03/06/2007

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:

[  ]   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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On March 6, 2006, First State Bancorporation appointed Kathleen Avila, to its Board of Directors. Ms. Avila, age 62, is the owner and managing partner of Avila Retail. Ms. Avila has been appointed to the First State Bancorporation Board of Directors filling the position vacated by Bradford Johnson in January of this year. Ms. Avila was appointed to serve as a director until 2007 subject to her election by shareholders at the next annual meeting of shareholders. Ms. Avila was selected consistent with the Nominating Committee Charter and the Nominating Committee Policies and Procedures and there are no arrangements or understandings between Ms. Avila and any other person pursuant to which she was selected to serve on the Board of Directors. Ms. Avila currently does not have any related party transactions with the Company. Ms. Avila will serve on the Board's Audit Committee. A copy of the release concerning Ms. Avila's appointment to the Board of Directors is attached hereto as Exhibit 99 .1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

99.1 First State Bancorporation press release dated March 8, 2007.

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: March 08, 2007	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 March 8, 2007

EX-99.1 2 rrd150421_18920.htm FIRST STATE BANCORPORATION PRESS RELEASE DATED MARCH 8, 2007 Exhibit 99.1

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

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

FIRST STATE BANCORPORATION ANNOUNCES BOARD APPOINTMENT

Albuquerque, NM--March 8, 2007--First State Bancorporation ("First State") (NASDAQ:FSNM) announced today that Kathleen Avila, owner and managing partner of Avila Retail, has been appointed to the First State Board of Directors filling the position vacated by Bradford Johnson in January of this year.

"Kathleen has proven herself an asset in the areas of forecasting, budgeting, and financial management in her own business," stated Michael Stanford, President and CEO. "Her leadership and creativity have been an integral part of the growth of First State's subsidiary, First Community Bank, while serving on its Community Advisory Board. We welcome her to our board," Stanford continued.

Ms. Avila currently serves as a member of the UNM Foundation Board, Presbyterian Hospital Community Board, Presbyterian Hospital Finance Committee, United Way of America National Women's Leadership Council, and is a past Director of the Denver Branch of the Federal Reserve. She is past chair of Women in Philanthropy of the United Way of Central New Mexico and past member of the Board of Directors for Leadership New Mexico. In recognition of community involvement and business leadership, Avila Retail received in 2005 the Ethics in Business Award and the SBA Small Business of the Year Award.

ABOUT FIRST STATE

First State is a New Mexico-based bank holding company. First State provides commercial banking services to businesses through its subsidiary bank, First Community Bank, formerly First State Bank N.M. ("First Community Bank" or "Bank"). On March 8, First State operated 61 branch offices, in New Mexico, Colorado, Arizona, and Utah. On Thursday, March 8, 2007, First State stock (NASDAQ:FSNM) closed at $21.33.

Additional Information and Where to Find It

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.fcbnm.com. Investors and shareholders may also obtain these documents free of charge at the SEC's website at www.sec.gov.

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