8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURENT REPORT



Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)                     April 4, 2003
FIRST INDEPENDENCE CORPORATION (Exact name of registrant as specified in its chapter)
Delaware (State or other jurisdiction of incorporation	0-22184 (Commission File Number)	36-3899950 (IRS Employer Identification No.)

Myrtle and Sixth Streets, Independence, Kansas (Address of principal executive offices) 67301 (Zip Code)

Registrant's telephone number, including area code                      (620) 331-1660              

Not Applicable(Former name or former address, if changed since last report)

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ITEM 5.  OTHER EVENTS

              On April 4, 2003, the Registrant issued a press release announcing the deregistration of its securities with the Securities and Exchange Commission. The press release is attached hereto as Exhibit 99.1, which is incorporated herein by reference.

ITEM 7.   EXHIBITS

              (c) Exhibits

                   Exhibit 99.1 - Press Release, dated April 4, 2003

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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 INDEPENDENCE CORPORATION
Date: April 24, 2003	By:   Larry G. Spencer       Larry G. Spencer        President and Chief Executive Officer

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EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release, dated April 4, 2003

End.

EX-99

EXHIBIT 99.1

FOR MORE INFORMATION
Contact:	Larry G. Spencer, President and Chief Executive Officer (620) 331-1660
FOR IMMEDIATE RELEASE

First Independence Corporation
Announces Deregistration with
Securities and Exchange Commission

Independence, Kansas, April 4, 2003 -- First Independence Corporation (: FFSL) announced today that it intends to file a Form 15 with the Securities and Exchange Commission (the "SEC") on, April 25, 2003. The Form 15 is being filed with the SEC in order to terminate the Company's common stock registration under the Securities and Exchange Act of 1934 (the "1934 Act"). Since Nasdaq requires listed companies to be reporting under the 1934 Act, as a result of our termination of registration, First Independence common stock will no longer be listed on the Nasdaq SmallCap market.

              The obligations of First Independence Corporation to file periodic reports with the SEC, including reports on Forms 10-KSB, 10-QSB and 8-K will cease upon filing of the Form 15. Once the Form 15 is effective, which is expected to be within 90 days of filing, the obligations of First Independence to file proxy statements with the SEC will also cease.

              According to Larry G. Spencer, President and Chief Executive Officer of the Company, "First Independence is taking this action in order to reduce operating expenses. The continuing increased costs and administrative burdens of being a public company, including our reporting obligations with the SEC and listing requirements with Nasdaq, outweigh the benefits of continued listing with Nasdaq. This is due, in part, to the small number of shareholders and the low level of trading activity in First Independence common stock. Therefore, the board of directors concluded that continued registration with the SEC and listing on Nasdaq is no longer cost effective." Mr. Spencer emphasized, "This action will in no way change the way First Independence and First Federal conduct their business, and First Independence will continue to provide certain information to stockholders on a periodic basis."

              First Federal has three full-service branch offices located in Independence, Coffeyville and Neodesha, Kansas primarily serving Montgomery, Wilson and Chautauqua Counties along with a loan production office in Lawrence, Kansas. At December 31, 2002, First Independence had $159.2 million in assets and $14.9 million in stockholders' equity.

MYRTLE & SIXTH - P.O. DRAWER 947 - INDEPENDENCE, KANSAS 67301 - 620/331-1660