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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
        filed
        with the Securities and Exchange Commission on December 21, 2007</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registration
        No. 333-_______</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
      <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
      <hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">UNITED
      STATES</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SECURITIES
      AND EXCHANGE
      COMMISSION</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Washington,
      D.C.&#160;&#160;20549</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">FORM
      S-8</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">REGISTRATION
      STATEMENT UNDER THE
      SECURITIES ACT OF 1933</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1<font style="DISPLAY: inline; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">ST</font></font>
      CENTURY
      BANCSHARES, INC.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;(Exact
      name of registrant as specified in its charter)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">_________________________________________</font></div>
    <div><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Delaware</font></font></div>
            </td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">26-1169687</font></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State
                or other jurisdiction of incorporation or organization)</font></div>
            </td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(I.R.S.
                Employer Identification No.)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="33%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="33%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1875
                Century Park East, Suite
                1400</font></font></div>
            </td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">90067</font></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Los
                Angeles,
                California</font></font></div>
            </td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Zip
                Code)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Address
                of Principal Executive Offices)</font></div>
            </td>
            <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="33%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1<font style="DISPLAY: inline; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">ST</font></font>
      CENTURY
      BANCSHARES, INC.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">DIRECTOR
      AND EMPLOYEE STOCK OPTION
      PLAN</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Full
      title of the plan)</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Copies
      to:</font></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Alan
                I.
                Rothenberg</font></font></div>
            </td>
            <td align="left" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Jason
                P.
                DiNapoli</font></font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Chairman
                and Chief Executive
                Officer</font></font></div>
            </td>
            <td align="justify" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">President
                and Chief Operating
                Officer</font></font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1st
                Century Bancshares,
                Inc.</font></font></div>
            </td>
            <td align="justify" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1st
                Century Bancshares,
                Inc.</font></font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1875
                Century Park East, Suite
                1400</font></font></div>
            </td>
            <td align="justify" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1875
                Century Park East, Suite
                1400</font></font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Los
                Angeles, California
                90067</font></font></div>
            </td>
            <td align="justify" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Los
                Angeles, California
                90067</font></font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Name
              and address of agent for service)</font></td>
            <td align="justify" valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Gordon
      Bava, Esq.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Manatt,
      Phelps &amp; Phillips,
      LLP</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">11355
      West Olympic
      Boulevard</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Los
      Angeles, California
      90064</font></font></div>
    <div>&#160;</div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(310)
      270-9500</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Telephone
      number, including area code, of agent for service)</font></div>
    <div><br></div>
    <div>
      <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
      <hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
    </div>
    <div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
    </div>
    <div>&#160;</div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td colspan="13" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Calculation
                of Registration
                Fee</font></font></div>
            </td>
            <td align="left" nowrap valign="bottom" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td valign="bottom" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Title
                of </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Securities
                to be </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Registered</font></div>
            </td>
            <td valign="bottom" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amount
                to be </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Registered
                (1)</font></div>
            </td>
            <td valign="bottom" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Proposed
                </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Maximum
                </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Offering
                Price </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">per
                Unit <font style="DISPLAY: inline; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">(2)</font></font></font></div>
            </td>
            <td align="left" nowrap valign="bottom" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="bottom" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Proposed
                </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Maximum
                </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">A</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">ggregate
                </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Offering
                Price <font style="DISPLAY: inline; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">(2)</font></font></font></div>
            </td>
            <td align="left" nowrap valign="bottom" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="bottom" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td colspan="2" valign="bottom" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amount
                of Registration Fee</font></div>
            </td>
            <td align="left" nowrap valign="bottom" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr bgcolor="#cceeff">
            <td valign="bottom" width="32%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Common
                Stock, $0.01 par value</font></div>
            </td>
            <td valign="bottom" width="32%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1,434,000
                shares</font></div>
            </td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
            <td align="right" valign="bottom" width="9%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">5.70</font></div>
            </td>
            <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
            <td align="right" valign="bottom" width="9%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">8,173,800.00</font></div>
            </td>
            <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
            <td align="right" valign="bottom" width="9%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">250.94</font></div>
            </td>
            <td align="left" nowrap valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Based
      on the number of shares of common stock of 1<font style="DISPLAY: inline; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">st</font></font>
      Century
      Bancshares, Inc. (the &#8220;Company&#8221;) authorized for awards pursuant to the Company&#8217;s
      Director and Employee Stock Option Plan (the &#8220;Plan&#8221;).&#160;&#160;This
      registration statement also covers an undetermined number of shares of common
      stock of the Company that, by reason of certain events specified in the Plan,
      may become issuable in respect of awards through the application of certain
      anti-dilution provisions in the Plan.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Estimated
      solely for the purpose of calculating the registration fee in accordance with
      Rule 457 of the Securities Act of 1933, based on the average of the daily high
      and low sales prices of common stock of the Company on the Over-The-Counter
      Bulletin Board at the close of trading as of December 17, 2007.</font></div>
    <div><br></div>
    <div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt">1</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
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          </div>
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      </div>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Part
      I</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">INFORMATION
      REQUIRED IN THE SECTION
      10(A) PROSPECTUS</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
      1.
      Plan Information.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      connection with the consummation on December 20, 2007, of the Plan of
      Reorganization (the &#8220;Plan of Reorganization&#8221;) pursuant to which 1<font style="DISPLAY: inline; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">st</font></font>
      Century
      Bancshares, Inc. (the &#8220;Company&#8221;) became the holding company for 1st Century
      Bank, N.A. (the &#8220;Bank&#8221;), the Company has assumed the obligations under the
      Bank&#8217;s Director and Employee Stock Option Plan (the &#8220;Plan&#8221;). In connection with
      its assumption of the Plan, the Company is offering shares of its common stock
      pursuant to the Plan.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      documents containing the information specified in Part I of this Form S-8
      Registration Statement (this &#8220;Registration Statement&#8221;) will be sent or give to
      employees as specified by Rule 428(b)(1) of the Securities Act of 1933, as
      amended (the &#8220;Securities Act&#8221;).&#160;&#160;Such documents are not being filed
      with the U.S. Securities Exchange Commission (the &#8220;Commission&#8221;) either as part
      of this Registration Statement or as prospectuses or prospectus supplements
      pursuant to Rule 424 of the Securities Act.&#160;&#160;Said documents and the
      documents incorporated by reference in this Registration Statement pursuant
      to
      Item 3 of Part II of this Registration Statement, taken together, constitute
      a
      prospectus that meets the requirements of Section 10(a) of the Securities
      Act.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
      2.
      Registrant Information and Employee Plan Annual Information.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company will furnish without charge to each employee, upon the written or oral
      request of such person, a copy of any and all of the documents incorporated
      by
      reference in Item 3 of Part II of this Registration Statement.&#160;&#160;Such
      documents are incorporated by reference in the Section 10(a)
      prospectus.&#160;&#160;The Company will also furnish without charge to each
      employee, upon the written or oral request of such person, documents that are
      required to be delivered pursuant to Rule 428(b) of the Securities
      Act.&#160;&#160;Requests should be directed to 1<font style="DISPLAY: inline; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">st</font></font>
      Century
      Bancshares, Inc., 1875 Century Park East, Suite 1400,<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Los Angeles, California
      90067, Attention: Jason P. DiNapoli,<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>President and Chief
      Operating Officer, telephone number (310) 270-9500.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Part
      II</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">INFORMATION
      REQUIRED IN THE
      REGISTRATION STATEMENT</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
      3.
      Incorporation of Documents by Reference.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company hereby incorporates by reference into this Registration Statement the
      following documents previously filed with the Commission:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 27pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font></div>
              </td>
              <td>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                  Bank&#8217;s Annual Report on Form 10-K for the fiscal year ended December
                  31,
                  2006, as filed with the Office of the Comptroller of the Currency
                  (the
                  &#8220;OCC&#8221;) on March 16, 2007, and as filed with the Commission as Exhibit
                  99.2
                  to the Company&#8217;s Current Report on Form 8-K filed with the Commission on
                  December 21, 2007 and an amendment on Form 10-K/A to the Bank&#8217;s Annual
                  Report on Form 10-K for the fiscal year ended December 31, 2006,
                  which
                  amendment was filed with the OCC on March 27, 2007, and as filed
                  with the
                  Commission as Exhibit 99.3 to the Company&#8217;s Current Report on Form 8-K
                  filed with the Commission on December 21,
                  2007,</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td align="left" style="WIDTH: 27pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font></div>
              </td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                  Bank&#8217;s Quarterly Reports on Form 10-Q for the quarters ended March 31,
                  2007, June 30, 2007 and September 30, 2007, as filed with the OCC
                  on May
                  15, 2007, August 9, 2007 and November 9, 2007, respectively, and
                  as filed
                  with the Commission as Exhibits 99.4, 99.5 and 99.6, respectively,
                  to the
                  Company&#8217;s Current Report on Form 8-K filed with the Commission on December
                  21, 2007, the Bank&#8217;s Current Reports on Form 8-K, as filed with the OCC on
                  February 9, 2007, March 19, 2007, April 11, 2007, May&#160;15, 2007, June
                  4, 2007, July 13, 17 and 31, 2007, August 9, 13 and 21, 2007 and
                  November
                  1 and 6, 2007, and as</font>&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">filed
                  with the Commission as Exhibits 99.7 &#8211; 99.20 to the Company&#8217;s Current
                  Report on Form 8-K filed with the Commission on December 21, 2007,
                  and the
                  Company&#8217;s Current Report on Form 8-K filed with the Commission on December
                  21, 2007, and</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td align="left" style="WIDTH: 27pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font></div>
              </td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                  description of the Company&#8217;s common stock contained in its Current Report
                  on Form 8-K under the Securities Exchange Act of 1934, as amended
                  (the
                  &#8220;Exchange Act&#8221;), as filed with the Commission on December 21,
                  2007.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
      documents subsequently filed by the Company pursuant to Section 13(a), 13(c),
      14
      or 15(d) of the Exchange Act, prior to the filing of a post-effective amendment
      which indicates that all securities offered have been sold or which deregisters
      all securities remaining unsold, shall be deemed to be incorporated by reference
      into this Registration Statement and to be a part hereof from the date of filing
      of such documents.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
      statement contained herein or in a document incorporated or deemed to be
      incorporated by reference herein shall be deemed to be modified or superseded
      for purposes of this Registration Statement to the extent that a statement
      contained herein or in any other document which is or is deemed to be
      incorporated by reference herein modifies or supersedes such
      statement.&#160;&#160;Any statement so modified or superseded shall not be
      deemed, except as so modified or superseded, to constitute a part of this
      Registration Statement.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
      4.
      Description of Securities.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Not
      required.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
      5.
      Interests of Named Experts and Counsel.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Certain
      partners of the law firm of Manatt, Phelps &amp; Phillips, LLP, the Company&#8217;s
      legal counsel, own an aggregate of 61,600 shares of Company common stock, but
      such partners are not directly involved in representing the Company and did
      not
      participate in the giving of the opinion of Manatt, Phelps &amp; Phillips, LLP
      attached to this Registration Statement as Exhibit 5.1.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
      6.
      Indemnification of Directors and Officers.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section&#160;145
      of the Delaware General Corporation Law (&#8220;DGCL&#8221;), empowers a Delaware
      corporation to indemnify any person who was or is a party or is threatened
      to be
      made a party to any threatened, pending or completed action, suit or proceeding,
      whether civil, criminal, administrative or investigative (other than an action
      by or in the right of the corporation) by reason of the fact that such person
      is
      or was a director, officer, employee or agent of another corporation or other
      enterprise, against expenses (including attorneys&#8217; fees), judgments, fines and
      amounts paid in settlement actually and reasonably incurred by him in connection
      with such action, suit or proceeding if he acted in good faith and in a manner
      he reasonably believed to be in or not opposed to the best interest of the
      corporation, and, with respect to any criminal action or proceeding, had no
      reasonable cause to believe his conduct was unlawful. Similar indemnity is
      authorized for such persons against expenses (including attorneys&#8217; fees)
      actually and reasonably incurred in connection with the defense or settlement
      of
      any such threatened, pending or completed action or suit if such person acted
      in
      good faith and in a manner he reasonably believed to be in or not opposed to
      the
      best interests of the corporation, and provided further that (unless a court
      of
      competent jurisdiction otherwise provides) such person shall not have been
      adjudged liable to the corporation. Any such indemnification may be made only
      as
      authorized in each specific case upon a determination by the stockholders or
      disinterested directors or by independent legal counsel in a written opinion
      that indemnification is proper because the indemnitee has met the applicable
      standard of conduct.</font></div>
    <div><br></div>
    <div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt">3</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company&#8217;s Certificate of Incorporation and Bylaws provide for indemnification of
      its officers, directors, employees and other agents in a manner substantially
      identical to that permitted under the DGCL.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section&#160;145
      further authorizes a corporation to purchase and maintain insurance on behalf
      of
      any person who is or was a director, officer, employee or agent of the
      corporation, or is or was serving at the request of the corporation of a
      director, officer, employee or agent of another corporation or enterprise,
      against any liability asserted against him, and incurred by him in any such
      capacity, or arising out of his status as such, whether or not the corporation
      would otherwise have the power to indemnify him under
      Section&#160;145.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company carries insurance policies that cover its individual directors and
      officers for legal liability and which would pay on their behalf for expenses
      of
      indemnifying them in accordance with the Company&#8217;s Certificate of Incorporation,
      Bylaws and the DGCL.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section&#160;102(b)(7)
      of the DGCL permits a corporation to provide in its certificate of incorporation
      that directors of the corporation shall not be personally liable to the
      corporation or its stockholders for monetary damages for breach of fiduciary
      duty as a director, except for liability (i)&#160;for any breach of the
      director&#8217;s duty of loyalty to the corporation or its shareholders, (ii)&#160;for
      acts or omissions not in good faith or which involve intentional misconduct
      or a
      knowing violation of law, (iii)&#160;for payments of unlawful dividends or
      unlawful stock repurchases or redemptions, or (iv)&#160;for any transaction from
      which the director derived an improper personal benefit.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company&#8217;s Certificate of Incorporation contains such a provision.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      addition, our directors and officers have entered into indemnification agreement
      which clarify and reaffirm the indemnification rights of the directors and
      officers.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
      7.
      Exemption from Registration Claimed.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Not
      Applicable.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
      8.
      Exhibits.</font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="ex4_1.htm">4.1</a></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Certificate
                of Incorporation of 1<font style="DISPLAY: inline; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">st</font></font>
                Century
                Bancshares, Inc., filed with the Delaware Secretary of State on August
                10,
                2007.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="ex4_2.htm">4.2</a></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Bylaws
                of 1<font style="DISPLAY: inline; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">st</font></font>
                Century
                Bancshares, Inc.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="ex4_3.htm">4.3</a></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1<font style="DISPLAY: inline; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">st</font></font>
                Century
                Bancshares, Inc. Director and Employee Stock Option
                Plan</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="ex4_4.htm">4.4</a></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1<font style="DISPLAY: inline; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: super">st</font></font>
                Century
                Bancshares, Inc. Form of Stock Option
                Agreement</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="ex5_1.htm">5.1</a></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Opinion
                and Consent of Manatt, Phelps &amp; Phillips,
                LLP</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="ex23_1.htm">23.1</a></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consent
                of Manatt, Phelps &amp; Phillips, LLP is contained in Exhibit
                5.1</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="ex23_2.htm">23.2</a></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consent
                of Grant Thornton LLP, independent registered public accounting
                firm</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="ex24_1.htm">24.1</a></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Power
                of Attorney is set forth on page&#160;7 of this Registration
                Statement</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt">4</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
      9.
      Undertakings.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Rule
      415
      offering.</font>&#160;&#160;The Company hereby undertakes:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
                file, during any period in which offers or sales are being made,
                a
                post-effective amendment to this Registration
                Statement:</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
                include any prospectus required by Section 10(a)(3) of the Securities
                Act;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 108pt">
              <div>&#160;</div>
            </td>
            <td>
              <div align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(ii)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
                reflect in the prospectus any facts or events arising after the effective
                date of the Registration Statement (or the most recent post-effective
                amendment thereof) which, individually or in the aggregate, represent
                a
                fundamental change in the information set forth in the registration
                statement; and</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 108pt">
              <div>&#160;</div>
            </td>
            <td>
              <div align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(iii)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
                include any material information with respect to the plan of distribution
                not previously disclosed in the Registration Statement or any material
                change to such information in the Registration
                Statement;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-STYLE: italic">Provided,
      however</font>, that
      paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the Registration Statement
      is on Form S-8, and the information required to be included in a post-effective
      amendment by those paragraphs is contained in reports filed with or furnished
      to
      the Commission by the Company pursuant to Section 13 or 15(d) of the Exchange
      Act that are incorporated by reference in the Registration
      Statement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">That,
                for the purpose of determining liability under the Securities Act,
                each
                such post-effective amendment shall be deemed to be a new registration
                statement relating to the securities offered therein, and the offering
                of
                such securities at that time shall be deemed to be the initial bona
                fide
                offering thereof.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div>&#160;</div>
            </td>
            <td>
              <div align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(3)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
                remove from registration by means of a post-effective amendment any
                of the
                securities being registered which remain unsold at the termination
                of the
                offering.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div>&#160;</div>
            </td>
            <td>
              <div align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(6)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">That,
                for the purpose of determining liability of the Company under the
                Securities Act to any purchaser in the initial distribution of the
                securities:</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company undertakes that in a primary offering of securities of the Company
      pursuant to this Registration Statement, regardless of the underwriting methods
      used to sell the securities to the purchaser, if the securities are offered
      or
      sold to such purchaser by means of any of the following communications, the
      Company will be a seller to the purchaser and will be considered to offer or
      sell such securities to such purchaser:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 40.5pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
                preliminary prospectus or prospectus of the Company relating to the
                offering required to be filed pursuant to Rule
                424;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div>&#160;</div>
            </td>
            <td>
              <div align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 40.5pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(ii)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
                free writing prospectus relating to the offering prepared by or on
                behalf
                of the Company or used or referred to by the
                Company;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div>&#160;</div>
            </td>
            <td>
              <div align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 40.5pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(iii)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                portion of any other free writing prospectus relating to the offering
                containing material information about the Company or its securities
                provided by or on behalf of the Company;
                and</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt">5</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 40.5pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(iv)</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
                other communication that is an offer in the offering made by the
                Company
                to the purchaser.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Filings
      incorporating subsequent
      Exchange Act documents by reference</font>. The Company hereby undertakes that,
      for purposes of determining any liability under the Securities Act, each filing
      of the Company&#8217;s annual report pursuant to Section 13(a) or 15(d) of the
      Exchange Act (and, where applicable, each filing of an employee benefit plan&#8217;s
      annual report pursuant to Section 15(d) of the Exchange Act) that is
      incorporated by reference in the Registration Statement shall be deemed to
      be a
      new registration statement relating to the securities offered therein, and
      the
      offering of such securities at that time shall be deemed to be the initial
      bona
      fide offering thereof.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(e)&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">Incorporated
      annual and quarterly
      reports</font>. The Company hereby undertakes to deliver or cause to be
      delivered with the prospectus, to each person to whom the prospectus is sent
      or
      given, the latest annual report to security holders that is incorporated by
      reference in the prospectus and furnished pursuant to and meeting the
      requirements of Rule 14a-3 or Rule 14c-3 under the Exchange Act; and, where
      interim financial information required to be presented by Article 3 of
      Regulation S-X is not set forth in the prospectus, to deliver, or cause to
      be
      delivered to each person to whom the prospectus is sent or given, the latest
      quarterly report that is specifically incorporated by reference in the
      prospectus to provide such interim financial information.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-STYLE: italic">Filing
      of registration on Form
      S-8</font>. Insofar as indemnification for liabilities arising under the
      Securities Act may be permitted to directors, officers and controlling persons
      of the Company pursuant to the foregoing provisions, or otherwise, the Company
      has been advised that in the opinion of the Commission such indemnification
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      unenforceable. In the event that a claim for indemnification against such
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      defense of any action, suit or proceeding) is asserted by such director, officer
      or controlling person in connection with the securities being registered, the
      Company will, unless in the opinion of its counsel the matter has been settled
      by controlling precedent, submit to a court of appropriate jurisdiction the
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</font></font>CENTURY
                BANCSHARES, INC.</font></div>
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          <tr>
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          <tr>
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          <tr>
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          <tr>
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            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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      and Jason P. DiNapoli as their true and lawful attorney-in-fact and agent,
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      full powers of substitution and resubstitution, for them and in their names,
      places and steads, in any and all capacities, to sign any or all amendments
      (including post-effective amendments) to this registration statement, and to
      file the same, with all exhibits thereto, and other documents in connection
      therewith, with the U.S. Securities and Exchange Commission, granting unto
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      attorneys-in-fact and agents, each acting alone, full power and authority to
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      and perform each and every act and thing requisite and necessary to be done
      in
      and about the premises, as fully to all intents and purposes as he might or
      could do in person, hereby ratifying and confirming all that said
      attorneys-in-fact and agents, each acting alone, or their substitute or
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      indicated.</font></div>
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    <div><br></div>
    <div>
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          <tr>
            <td align="left" valign="top" width="32%">
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          </tr>
          <tr>
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[{"type": "S-8", "sequence": "1", "filename": "forms8.htm", "description": "1ST CENTURY BANK S-8 12-18-2007", "secsgml_size_bytes": 131889}]
{"company-data": {"conformed-name": "1st Century Bancshares, Inc.", "cik": "0001420525", "irs-number": "261169687", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-148302", "film-number": "071324100"}, "business-address": {"street1": "1875 CENTURY PARK EAST", "street2": "SUITE 1400", "city": "LOS ANGELES", "state": "CA", "zip": "90067", "phone": "310-270-9500"}, "mail-address": {"street1": "1875 CENTURY PARK EAST", "street2": "SUITE 1400", "city": "LOS ANGELES", "state": "CA", "zip": "90067"}}
forms8.htm
As
        filed
        with the Securities and Exchange Commission on December 21, 2007
Registration
        No. 333-_______
UNITED
      STATES
SECURITIES
      AND EXCHANGE
      COMMISSION
Washington,
      D.C.  20549
FORM
      S-8
REGISTRATION
      STATEMENT UNDER THE
      SECURITIES ACT OF 1933
1
ST
CENTURY
      BANCSHARES, INC.
(Exact
      name of registrant as specified in its charter)
_________________________________________
Delaware
26-1169687
(State
                or other jurisdiction of incorporation or organization)
(I.R.S.
                Employer Identification No.)
1875
                Century Park East, Suite
                1400
90067
Los
                Angeles,
                California
(Zip
                Code)
(Address
                of Principal Executive Offices)
1
ST
CENTURY
      BANCSHARES, INC.
DIRECTOR
      AND EMPLOYEE STOCK OPTION
      PLAN
(Full
      title of the plan)
Copies
      to:
Alan
                I.
                Rothenberg
Jason
                P.
                DiNapoli
Chairman
                and Chief Executive
                Officer
President
                and Chief Operating
                Officer
1st
                Century Bancshares,
                Inc.
1st
                Century Bancshares,
                Inc.
1875
                Century Park East, Suite
                1400
1875
                Century Park East, Suite
                1400
Los
                Angeles, California
                90067
Los
                Angeles, California
                90067
(Name
              and address of agent for service)
Gordon
      Bava, Esq.
Manatt,
      Phelps & Phillips,
      LLP
11355
      West Olympic
      Boulevard
Los
      Angeles, California
      90064
(310)
      270-9500
(Telephone
      number, including area code, of agent for service)
Calculation
                of Registration
                Fee
Title
                of
Securities
                to be
Registered
Amount
                to be
Registered
                (1)
Proposed
Maximum
Offering
                Price
per
                Unit
(2)
Proposed
Maximum
A
ggregate
Offering
                Price
(2)
Amount
                of Registration Fee
Common
                Stock, $0.01 par value
1,434,000
                shares
$
5.70
$
8,173,800.00
$
250.94
(1)           Based
      on the number of shares of common stock of 1
st
Century
      Bancshares, Inc. (the "Company") authorized for awards pursuant to the Company's
      Director and Employee Stock Option Plan (the "Plan").  This
      registration statement also covers an undetermined number of shares of common
      stock of the Company that, by reason of certain events specified in the Plan,
      may become issuable in respect of awards through the application of certain
      anti-dilution provisions in the Plan.
(2)           Estimated
      solely for the purpose of calculating the registration fee in accordance with
      Rule 457 of the Securities Act of 1933, based on the average of the daily high
      and low sales prices of common stock of the Company on the Over-The-Counter
      Bulletin Board at the close of trading as of December 17, 2007.
1
Part
      I
INFORMATION
      REQUIRED IN THE SECTION
      10(A) PROSPECTUS
Item
      1.
      Plan Information.
In
      connection with the consummation on December 20, 2007, of the Plan of
      Reorganization (the "Plan of Reorganization") pursuant to which 1
st
Century
      Bancshares, Inc. (the "Company") became the holding company for 1st Century
      Bank, N.A. (the "Bank"), the Company has assumed the obligations under the
      Bank's Director and Employee Stock Option Plan (the "Plan"). In connection with
      its assumption of the Plan, the Company is offering shares of its common stock
      pursuant to the Plan.
The
      documents containing the information specified in Part I of this Form S-8
      Registration Statement (this "Registration Statement") will be sent or give to
      employees as specified by Rule 428(b)(1) of the Securities Act of 1933, as
      amended (the "Securities Act").  Such documents are not being filed
      with the U.S. Securities Exchange Commission (the "Commission") either as part
      of this Registration Statement or as prospectuses or prospectus supplements
      pursuant to Rule 424 of the Securities Act.  Said documents and the
      documents incorporated by reference in this Registration Statement pursuant
      to
      Item 3 of Part II of this Registration Statement, taken together, constitute
      a
      prospectus that meets the requirements of Section 10(a) of the Securities
      Act.
Item
      2.
      Registrant Information and Employee Plan Annual Information.
The
      Company will furnish without charge to each employee, upon the written or oral
      request of such person, a copy of any and all of the documents incorporated
      by
      reference in Item 3 of Part II of this Registration Statement.  Such
      documents are incorporated by reference in the Section 10(a)
      prospectus.  The Company will also furnish without charge to each
      employee, upon the written or oral request of such person, documents that are
      required to be delivered pursuant to Rule 428(b) of the Securities
      Act.  Requests should be directed to 1
st
Century
      Bancshares, Inc., 1875 Century Park East, Suite 1400,
Los Angeles, California
      90067, Attention: Jason P. DiNapoli,
President and Chief
      Operating Officer, telephone number (310) 270-9500.
Part
      II
INFORMATION
      REQUIRED IN THE
      REGISTRATION STATEMENT
Item
      3.
      Incorporation of Documents by Reference.
The
      Company hereby incorporates by reference into this Registration Statement the
      following documents previously filed with the Commission:
(a)
The
                  Bank's Annual Report on Form 10-K for the fiscal year ended December
                  31,
                  2006, as filed with the Office of the Comptroller of the Currency
                  (the
                  "OCC") on March 16, 2007, and as filed with the Commission as Exhibit
                  99.2
                  to the Company's Current Report on Form 8-K filed with the Commission on
                  December 21, 2007 and an amendment on Form 10-K/A to the Bank's Annual
                  Report on Form 10-K for the fiscal year ended December 31, 2006,
                  which
                  amendment was filed with the OCC on March 27, 2007, and as filed
                  with the
                  Commission as Exhibit 99.3 to the Company's Current Report on Form 8-K
                  filed with the Commission on December 21,
                  2007,
(b)
The
                  Bank's Quarterly Reports on Form 10-Q for the quarters ended March 31,
                  2007, June 30, 2007 and September 30, 2007, as filed with the OCC
                  on May
                  15, 2007, August 9, 2007 and November 9, 2007, respectively, and
                  as filed
                  with the Commission as Exhibits 99.4, 99.5 and 99.6, respectively,
                  to the
                  Company's Current Report on Form 8-K filed with the Commission on December
                  21, 2007, the Bank's Current Reports on Form 8-K, as filed with the OCC on
                  February 9, 2007, March 19, 2007, April 11, 2007, May 15, 2007, June
                  4, 2007, July 13, 17 and 31, 2007, August 9, 13 and 21, 2007 and
                  November
                  1 and 6, 2007, and as
filed
                  with the Commission as Exhibits 99.7 – 99.20 to the Company's Current
                  Report on Form 8-K filed with the Commission on December 21, 2007,
                  and the
                  Company's Current Report on Form 8-K filed with the Commission on December
                  21, 2007, and
(c)
The
                  description of the Company's common stock contained in its Current Report
                  on Form 8-K under the Securities Exchange Act of 1934, as amended
                  (the
                  "Exchange Act"), as filed with the Commission on December 21,
                  2007.
All
      documents subsequently filed by the Company pursuant to Section 13(a), 13(c),
      14
      or 15(d) of the Exchange Act, prior to the filing of a post-effective amendment
      which indicates that all securities offered have been sold or which deregisters
      all securities remaining unsold, shall be deemed to be incorporated by reference
      into this Registration Statement and to be a part hereof from the date of filing
      of such documents.
Any
      statement contained herein or in a document incorporated or deemed to be
      incorporated by reference herein shall be deemed to be modified or superseded
      for purposes of this Registration Statement to the extent that a statement
      contained herein or in any other document which is or is deemed to be
      incorporated by reference herein modifies or supersedes such
      statement.  Any statement so modified or superseded shall not be
      deemed, except as so modified or superseded, to constitute a part of this
      Registration Statement.
Item
      4.
      Description of Securities.
Not
      required.
Item
      5.
      Interests of Named Experts and Counsel.
Certain
      partners of the law firm of Manatt, Phelps & Phillips, LLP, the Company's
      legal counsel, own an aggregate of 61,600 shares of Company common stock, but
      such partners are not directly involved in representing the Company and did
      not
      participate in the giving of the opinion of Manatt, Phelps & Phillips, LLP
      attached to this Registration Statement as Exhibit 5.1.
Item
      6.
      Indemnification of Directors and Officers.
Section 145
      of the Delaware General Corporation Law ("DGCL"), empowers a Delaware
      corporation to indemnify any person who was or is a party or is threatened
      to be
      made a party to any threatened, pending or completed action, suit or proceeding,
      whether civil, criminal, administrative or investigative (other than an action
      by or in the right of the corporation) by reason of the fact that such person
      is
      or was a director, officer, employee or agent of another corporation or other
      enterprise, against expenses (including attorneys' fees), judgments, fines and
      amounts paid in settlement actually and reasonably incurred by him in connection
      with such action, suit or proceeding if he acted in good faith and in a manner
      he reasonably believed to be in or not opposed to the best interest of the
      corporation, and, with respect to any criminal action or proceeding, had no
      reasonable cause to believe his conduct was unlawful. Similar indemnity is
      authorized for such persons against expenses (including attorneys' fees)
      actually and reasonably incurred in connection with the defense or settlement
      of
      any such threatened, pending or completed action or suit if such person acted
      in
      good faith and in a manner he reasonably believed to be in or not opposed to
      the
      best interests of the corporation, and provided further that (unless a court
      of
      competent jurisdiction otherwise provides) such person shall not have been
      adjudged liable to the corporation. Any such indemnification may be made only
      as
      authorized in each specific case upon a determination by the stockholders or
      disinterested directors or by independent legal counsel in a written opinion
      that indemnification is proper because the indemnitee has met the applicable
      standard of conduct.
3
The
      Company's Certificate of Incorporation and Bylaws provide for indemnification of
      its officers, directors, employees and other agents in a manner substantially
      identical to that permitted under the DGCL.
Section 145
      further authorizes a corporation to purchase and maintain insurance on behalf
      of
      any person who is or was a director, officer, employee or agent of the
      corporation, or is or was serving at the request of the corporation of a
      director, officer, employee or agent of another corporation or enterprise,
      against any liability asserted against him, and incurred by him in any such
      capacity, or arising out of his status as such, whether or not the corporation
      would otherwise have the power to indemnify him under
      Section 145.
The
      Company carries insurance policies that cover its individual directors and
      officers for legal liability and which would pay on their behalf for expenses
      of
      indemnifying them in accordance with the Company's Certificate of Incorporation,
      Bylaws and the DGCL.
Section 102(b)(7)
      of the DGCL permits a corporation to provide in its certificate of incorporation
      that directors of the corporation shall not be personally liable to the
      corporation or its stockholders for monetary damages for breach of fiduciary
      duty as a director, except for liability (i) for any breach of the
      director's duty of loyalty to the corporation or its shareholders, (ii) for
      acts or omissions not in good faith or which involve intentional misconduct
      or a
      knowing violation of law, (iii) for payments of unlawful dividends or
      unlawful stock repurchases or redemptions, or (iv) for any transaction from
      which the director derived an improper personal benefit.
The
      Company's Certificate of Incorporation contains such a provision.
In
      addition, our directors and officers have entered into indemnification agreement
      which clarify and reaffirm the indemnification rights of the directors and
      officers.
Item
      7.
      Exemption from Registration Claimed.
Not
      Applicable.
Item
      8.
      Exhibits.
4.1
Certificate
                of Incorporation of 1
st
Century
                Bancshares, Inc., filed with the Delaware Secretary of State on August
                10,
                2007.
4.2
Bylaws
                of 1
st
Century
                Bancshares, Inc.
4.3
1
st
Century
                Bancshares, Inc. Director and Employee Stock Option
                Plan
4.4
1
st
Century
                Bancshares, Inc. Form of Stock Option
                Agreement
5.1
Opinion
                and Consent of Manatt, Phelps & Phillips,
                LLP
23.1
Consent
                of Manatt, Phelps & Phillips, LLP is contained in Exhibit
                5.1
23.2
Consent
                of Grant Thornton LLP, independent registered public accounting
                firm
24.1
Power
                of Attorney is set forth on page 7 of this Registration
                Statement
4
Item
      9.
      Undertakings.
(a)
Rule
      415
      offering.
The Company hereby undertakes:
(1)
To
                file, during any period in which offers or sales are being made,
                a
                post-effective amendment to this Registration
                Statement:
(i)
To
                include any prospectus required by Section 10(a)(3) of the Securities
                Act;
(ii)
To
                reflect in the prospectus any facts or events arising after the effective
                date of the Registration Statement (or the most recent post-effective
                amendment thereof) which, individually or in the aggregate, represent
                a
                fundamental change in the information set forth in the registration
                statement; and
(iii)
To
                include any material information with respect to the plan of distribution
                not previously disclosed in the Registration Statement or any material
                change to such information in the Registration
                Statement;
Provided,
      however
, that
      paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the Registration Statement
      is on Form S-8, and the information required to be included in a post-effective
      amendment by those paragraphs is contained in reports filed with or furnished
      to
      the Commission by the Company pursuant to Section 13 or 15(d) of the Exchange
      Act that are incorporated by reference in the Registration
      Statement.
(2)
That,
                for the purpose of determining liability under the Securities Act,
                each
                such post-effective amendment shall be deemed to be a new registration
                statement relating to the securities offered therein, and the offering
                of
                such securities at that time shall be deemed to be the initial bona
                fide
                offering thereof.
(3)
To
                remove from registration by means of a post-effective amendment any
                of the
                securities being registered which remain unsold at the termination
                of the
                offering.
(6)
That,
                for the purpose of determining liability of the Company under the
                Securities Act to any purchaser in the initial distribution of the
                securities:
The
      Company undertakes that in a primary offering of securities of the Company
      pursuant to this Registration Statement, regardless of the underwriting methods
      used to sell the securities to the purchaser, if the securities are offered
      or
      sold to such purchaser by means of any of the following communications, the
      Company will be a seller to the purchaser and will be considered to offer or
      sell such securities to such purchaser:
(i)
Any
                preliminary prospectus or prospectus of the Company relating to the
                offering required to be filed pursuant to Rule
                424;
(ii)
Any
                free writing prospectus relating to the offering prepared by or on
                behalf
                of the Company or used or referred to by the
                Company;
(iii)
The
                portion of any other free writing prospectus relating to the offering
                containing material information about the Company or its securities
                provided by or on behalf of the Company;
                and
5
(iv)
Any
                other communication that is an offer in the offering made by the
                Company
                to the purchaser.
(b)
Filings
      incorporating subsequent
      Exchange Act documents by reference
. The Company hereby undertakes that,
      for purposes of determining any liability under the Securities Act, each filing
      of the Company's annual report pursuant to Section 13(a) or 15(d) of the
      Exchange Act (and, where applicable, each filing of an employee benefit plan's
      annual report pursuant to Section 15(d) of the Exchange Act) that is
      incorporated by reference in the Registration Statement shall be deemed to
      be a
      new registration statement relating to the securities offered therein, and
      the
      offering of such securities at that time shall be deemed to be the initial
      bona
      fide offering thereof.
(e)
Incorporated
      annual and quarterly
      reports
. The Company hereby undertakes to deliver or cause to be
      delivered with the prospectus, to each person to whom the prospectus is sent
      or
      given, the latest annual report to security holders that is incorporated by
      reference in the prospectus and furnished pursuant to and meeting the
      requirements of Rule 14a-3 or Rule 14c-3 under the Exchange Act; and, where
      interim financial information required to be presented by Article 3 of
      Regulation S-X is not set forth in the prospectus, to deliver, or cause to
      be
      delivered to each person to whom the prospectus is sent or given, the latest
      quarterly report that is specifically incorporated by reference in the
      prospectus to provide such interim financial information.
Filing
      of registration on Form
      S-8
. Insofar as indemnification for liabilities arising under the
      Securities Act may be permitted to directors, officers and controlling persons
      of the Company pursuant to the foregoing provisions, or otherwise, the Company
      has been advised that in the opinion of the Commission such indemnification
      is
      against public policy as expressed in the Securities Act and is, therefore,
      unenforceable. In the event that a claim for indemnification against such
      liabilities (other than the payment by the Company for expenses incurred or
      paid
      by a director, officer or controlling person of the Company in the successful
      defense of any action, suit or proceeding) is asserted by such director, officer
      or controlling person in connection with the securities being registered, the
      Company will, unless in the opinion of its counsel the matter has been settled
      by controlling precedent, submit to a court of appropriate jurisdiction the
      question whether such indemnification by it is against public policy as
      expressed in the Securities Act and will be governed by the final adjudication
      of such issue.
6
SIGNATURES
Pursuant
      to the requirements of the Securities Act of 1933, the registrant certifies
      that
      it has reasonable grounds to believe that it meets all of the requirements
      for
      the filing on Form S-8 and has duly caused this registration statement to be
      signed on its behalf by the undersigned, thereunto duly authorized, in the
      City
      of Los Angeles, State of California, on December 21, 2007.
1
ST
CENTURY
                BANCSHARES, INC.
By:
/s/
                Alan I. Rothenberg
Alan
                I. Rothenberg
Chairman
                and Chief Executive Officer
By:
/s/
                Jason P. DiNapoli
Jason
                P. DiNapoli
President
                and Chief Operating Officer
Power
      of Attorney
Each
      person whose signature appears below constitutes and appoints Alan I. Rothenberg
      and Jason P. DiNapoli as their true and lawful attorney-in-fact and agent,
      with
      full powers of substitution and resubstitution, for them and in their names,
      places and steads, in any and all capacities, to sign any or all amendments
      (including post-effective amendments) to this registration statement, and to
      file the same, with all exhibits thereto, and other documents in connection
      therewith, with the U.S. Securities and Exchange Commission, granting unto
      said
      attorneys-in-fact and agents, each acting alone, full power and authority to
      do
      and perform each and every act and thing requisite and necessary to be done
      in
      and about the premises, as fully to all intents and purposes as he might or
      could do in person, hereby ratifying and confirming all that said
      attorneys-in-fact and agents, each acting alone, or their substitute or
      substitutes, may lawfully do or cause to be done by virtue hereof.
7
Pursuant
      to the requirements of the Securities Act of 1933, this registration statement
      has been signed by the following persons in the capacities and on the dates
      indicated.
Signature
Title
Date
/s/
                William S. Anderson
Director
December
                21, 2007
William
                S. Anderson
/s/
                Christian K. Bement
Director
December
                21, 2007
Christian
                K. Bement
/s/
                Leslie E. Bider
Director
December
                21, 2007
Leslie
                E. Bider
/s/
                Dave Brooks
Director
December
                21, 2007
Dave
                Brooks
/s/
                Jason P. DiNapoli
President
                and Chief Operating Officer
December
                21, 2007
Jason
                P. DiNapoli
/s/
                Joseph J. Digange
Director
December
                21, 2007
Joseph
                J. Digange
/s/
                Marshall S. Geller
Director
December
                21, 2007
Marshall
                S. Geller
/s/
                Dan T. Kawamoto
Executive
                Vice President and
December
                21, 2007
Dan
                T. Kawamoto
Chief
              Financial Officer
/s/
                Joanne C. Kozberg
Director
December
                21, 2007
Joanne
                C. Kozberg
8
Signature
Title
Date
/s/
                Alan D. Levy
Director
December
                21, 2007
Alan
                D. Levy
/s/
                Barry D. Pressman M.D.
Director
December
                21, 2007
Barry
                D. Pressman, M.D.
/s/
                Alan I. Rothenberg
Chairman
                of the Board and Chief
December
                21, 2007
Alan
                I. Rothenberg
Executive
              Officer
/s/
                Lewis N. Wolff
Director
December
                21, 2007
Lewis
                N. Wolff
/s/
                Richard S. Ziman
Director
December
                21, 2007
Richard
                S. Ziman