UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

~~Form~~FORM 8-K

CURRENT REPORT

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

~~Date~~Securities ofExchange ~~Report~~Act ~~(Date~~ of ~~earliest~~1934 ~~event reported): 07/26/2010~~

~~First~~Date ~~State~~of ~~Bancorporation~~ Report (Date of earliest event reported): July 29, 2010

FIRST STATE BANCORPORATION

(Exact name of registrant as specified in its charter)

Commission File Number: 001-12487

NEW MEXICO

001-12487

85-0366665

(State or other jurisdiction

of incorporation)

(Commission

File No.)

(IRS Employer

Identification No.)

New Mexico	85-0366665
7900 JEFFERSON, N.E., ALBUQUERQUE, NEW MEXICO		87109
(State or other jurisdiction of	(IRS Employer
(Address of principal executive offices)		(Zip Code)
incorporation)	Identification No.)

(505) ~~7900~~241-7500 ~~Jefferson NE~~

~~Albuquerque~~Registrant’s Telephone Number, ~~NM 87109~~ including area code

(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))

~~Item~~¨ ~~3.01. Notice~~Soliciting ofmaterial ~~Delisting~~pursuant ~~or Failure~~ to ~~Satisfy~~Rule a14a-12 ~~Continued~~under ~~Listing~~the ~~Rule~~Exchange orAct ~~Standard;~~(17 ~~Transfer~~CFR ~~of Listing~~ 240.14a-12)

On¨ ~~July~~Pre-commencement ~~26,~~communications ~~2010,~~pursuant ~~First~~to ~~State~~Rule ~~Bancorporation~~ 14d-2(~~the "Company"~~b) ~~received~~under ~~a notice from~~ the ~~Nasdaq~~Exchange ~~Stock~~Act ~~Market~~ ("Nasdaq") that its Hearings Panel is denying the Company's request for continued listing on Nasdaq. Nasdaq will suspend trading of the Company's shares effective at the open of business on Wednesday, July 28, 2010. As previously reported on Form 8-K, filed on June 17, ~~2010,~~CFR ~~the Company had requested a hearing before a Nasdaq Hearings Panel as set forth in the List Rule 5800 Series, where a plan outlining the Company's plans for regaining compliance would be presented~~240. The hearing occurred on July 22, 2010 and was precipitated by receipt of a notice from the Nasdaq on June 15, 2010, indicating that the Company had not regained compliance with the minimum bid price requirement for continued listing set forth in Listing Rule 5450 14d-2(ab)(1), and that its securities were subject to delisting from the Nasdaq Global Select Market The Company had also previously reported on Form 8-K, filed December 17, 2009, that it had been notified by Nasdaq on December 14, 2009 that the bid price of its common stock had closed at less than $1.00 per share over the previous 30 consecutive business days, at which time Nasdaq provided 180 calendar days, or until June 14, 2010 to regain compliance.

~~SIGNATURES~~ ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Pursuant~~Item to2.02 ~~the~~Results ~~requirements~~ of ~~the~~Operations ~~Securities~~and ~~Exchange~~Financial ~~Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized~~Condition.

		First State Bancorporation
Date: July 26, 2010	By:	/s/ Christopher C. Spencer
		Christopher C. Spencer
		Senior Vice President and Chief Financial Officer

On July 29, 2010, the Registrant issued a News Release announcing its second quarter 2010 financial results. A copy of the News Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information furnished in Item 2.02 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Exchange Act of 1933, as amended, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.

Item 9.01

Financial Statements and Exhibits.

(d)

99.1 News release, dated July 29, 2010.

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SIGNATURE

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.

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EXHIBIT INDEX


Exhibit		Description

99.1		News release, dated July 29, 2010.

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FIRST STATE BANCORPORATION

Date: July 30, 2010

/s/ Christopher C. Spencer

Christopher C. Spencer

Senior Vice President and

Chief Financial Officer

Filing Compare · FIRST STATE BANCORPORATION