UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

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

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

~~Date~~First ofMutual ~~Report~~Bancshares, Inc. (~~Date~~Exact name of ~~earliest~~registrant ~~event~~as ~~reported):~~specified ~~July~~in ~~28, 2006~~its charter)

First Mutual Bancshares, Inc.

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

(exact name of registrant as specified it its charter)

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

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

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

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

BELLEVUE, WASHINGTON 98004

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))

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

~~(Address~~In of2006, ~~principal~~Roger ~~executive~~A. ~~offices~~Mandery, ~~including~~Executive ~~zip~~Vice ~~code~~President and Chief Financial Officer of First Mutual Bancshares, Inc. and ~~telephone~~ ~~number~~First Mutual Bank, ~~Including~~announced ~~area~~his ~~code)~~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.

~~Not~~Item ~~applicable~~9.01. Financial Statements and Exhibits.

~~(Former~~ Exhibit ~~name~~99.1. Employment ~~or former address, if changed since last report)~~Agreement

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

Item 8.01 Other Events.

On July 28, 2006 - First Mutual Bancshares, Inc. issued a press release announcing its Board of Directors has declared a five-for four stock split to be distributed on October 4, 2006 to shareholders of record on September 13, 2006 and quarterly cash dividend of $0.09 per share with the same record and payable dates, which will be paid on the newly issued shares.

A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference

Exhibit	Description
99.1	Press Release, dated July 28, 2006

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.
Dated July 28, 2006
	By: /s/ John R. Valaas
	Its: President and CEO

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

Exhibit Index: 99.1 Employment Agreement

Exhibit Number	Description
99.1	Press Release, dated July 28, 2006

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