FILING PURSUANT TO RULE 425 OF THE
                       SECURITIES ACT OF 1933, AS AMENDED

                        FILER: FIRST STATE BANCORPORATION

                SUBJECT COMPANY: FIRST COMMUNITY INDUSTRIAL BANK,
                                   A SUBSIDIARY OF WASHINGTON
                                     MUTUAL, INC.

                          COMMISSION FILE NO. 001-14667


The Agreement and Plan of Merger, dated as of May 22, 2002, by and among First
State Bancorporation, First State Bank of Taos, First Community Industrial Bank,
Blazer Financial Corporation, and Washington Mutual Finance Corporation relating
to First State Bancorporation's acquisition of First Community Industrial Bank
was filed by First State Bancorporation under cover of Form 8-K on May 31, 2002,
and is incorporated by reference herein.

IN CONNECTION WITH THE ISSUANCE OF EQUITY SECURITIES TO FINANCE THE PROPOSED
TRANSACTION, FIRST STATE WILL FILE A PROSPECTUS WITH THE U.S. SECURITIES AND
EXCHANGE COMMISSION (THE "COMMISSION"). INVESTORS AND SECURITY HOLDERS ARE
ADVISED TO READ THE PROSPECTUS WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL
CONTAIN IMPORTANT INFORMATION. INVESTORS AND SECURITY HOLDERS MAY OBTAIN A FREE
COPY OF THE PROSPECTUS (WHEN AVAILABLE) AND OTHER DOCUMENTS FILED BY FIRST STATE
WITH THE COMMISSION AT THE COMMISSION'S WEB SITE AT HTTP://WWW.SEC.GOV.

                              --------------------

FREE COPIES OF FIRST STATE'S FILINGS MAY BE OBTAINED BY DIRECTING A REQUEST TO
FIRST STATE BANCORPORATION, ATTENTION-CHIEF FINANCIAL OFFICER, 7900 JEFFERSON,
NE, ALBUQUERQUE, NM 87109; (505) 241-7598.

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