~~UNITED STATES~~ SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

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

~~Date~~Securities Exchange ofAct ~~Report (Date~~ of ~~earliest event reported) April 23, 2007~~ 1934

~~First Mutual Bancshares, Inc.~~ Date of Report (~~Exact~~Date ~~name~~ of ~~registrant~~earliest asevent ~~specified in its charter~~reported): April 24, 2007

Washington		005-57091		91-2005970
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

First Mutual Bancshares, Inc.

	400-108th Avenue N.E., Bellevue, Washington		98004
	(Address of principal executive offices)		(Zip Code)

(exact name of registrant as specified it its charter)

Registrant's telephone number, including area code: (425) 455-7300

Washington	000-28261	91-2005970
(State or other jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)

400 -108th ~~________________________________________________________________________________~~ AVENUE ~~(Former name or former address, if changed since last report)~~ N.E.

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(b) 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))

BELLEVUE, WASHINGTON 98004

~~Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers~~ (425) 455-7300

In(Address of ~~2006,~~principal ~~Roger~~executive ~~A. Mandery~~offices, ~~Executive~~including ~~Vice~~zip ~~President and Chief Financial Officer of First Mutual Bancshares~~code, ~~Inc.~~ and ~~First~~telephone ~~Mutual Bank~~number, Including ~~announced~~area his decision to retire effective April 30, 2007. Although several candidates are currently under consideration, no replacement for Mr. Mandery has been hired to date. Therefore, Mr. Mandery’s employment has been extended through May 31, 2007 as outlined in the employment agreement attached hereto.code)

~~Item~~(Former name ~~9.01.~~or ~~Financial~~former ~~Statements~~address, ~~and~~if ~~Exhibits.~~changed since last report)

~~Exhibit~~Check the appropriate ~~99.1. Employment~~box ~~Agreement~~below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o	Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 204.13e-4(c))

Item 2.02

Results of Operations and Financial Condition

On April 24, 2007, First Mutual Bancshares, Inc., issued a press release announcing its financial results for the first quarter ended March 31, 2007. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01.

Financial Statements and Exhibits

Exhibit

Description

99.1

Press Release, dated April 24, 2007.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, ~~as amended,~~ the ~~Registrant~~ registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

First Mutual Bancshares, Inc. (Registrant) April 23, 2007 (Date) /s/ JOHN R. VALAAS John R. Valaas President and CEO

	FIRST MUTUAL BANCSHARES, INC.

Dated: April 24, 2007
	By: /s/ John R. Valaas
	Its: President and CEO

Exhibit Index ~~99.1 Employment Agreement~~:

Exhibit Number	Description


99.1	Press Release, dated April 24, 2007

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