First Bus have been fined a total of £131,750 by the traffic commissioner, following
a public inquiry in November over complaints over First In Scotland East not running some services, leaving people waiting at bus stops.
First said it was disappointed with the level of the fine.
The bus firm had been warned at two previous public inquiries, and two years ago, fleet numbers were restricted by the commissioners.
First responded to the fine by insisting "In the last year we have invested over £7m in new vehicles and we are continuously recruiting and training staff as part of our overall effort to continually improve our services."
No new vehicles were allocated to Forth Valley services. Larbert & Bannockburn were allocated newer second hand vehicles made surplus by new arrivals in other East of Scotland depots.
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