Mr Banks successfully defended his seat in Ochil and Perthshire South
Voters across Tayside and Central woke to discover its political landscape had been unchanged by the general election.
The SNP failed to take their key target seat of Ochil and South Perthshire as Labour's Gordon Banks won by more than 5,000 votes.
Labour held Dundee West, another seat which had been in the SNP's sights.
But there was better news for the Nationalists in Angus, where Mike Weir comfortably held off the challenge of the Tories.
Labour's Eric Joyce held on to Falkirk with a majority of 7,843 despite a 7% swing to the SNP and its candidate John McNally.
Michael Connarty easily retained Linlithgow and East Falkirk for Labour after increasing his share of the vote by 2.1% over the Nationalists, and there was more good news for Labour in Stirling as Anne McGuire also increased her majority from 2005.
Labour's Jim McGovern had been thought to be under threat from Nationalist candidate Jim Barrie in Dundee West, but eventually increased his majority to 7,278 from 5,379 in 2005.
But perhaps the most spectacular result in the region came in Ochil and South Perthshire, where Mr Banks had been defending his majority of just 688 votes over the SNP's Annabelle Ewing from 2005.
Lib Dem disappointment
The seat was thought to be a prime target for the SNP this time around, but Mr Banks won with a margin of 5,187 votes over Ms Ewing, increasing his share of the vote by 6.5% in the process.
Nationalist Stewart Hosie managed to hold on in Dundee East - which had been a target for Labour - by marginally increasing his share of the vote.
And the SNP comfortably retained their strongholds in the Angus and Perth and North Perthshire seats, where Mr Weir and Pete Wishart respectively increased their majorities over the second-placed Conservatives.
The Conservatives failed to make any real breakthrough in the region, but did marginally increase their share of the vote while finishing second in both Angus and Perth and North Perthshire.
But despite also finishing second in Stirling, the party saw its share of the vote in the constituency drop by 1.1%.
The seat had been held by Michael Forsyth for the Conservatives between 1983 and 1997, when Ms McGuire won it for the first time.
In keeping with the national picture, it was a disappointing night for the Liberal Democrats across the region.
The party saw its share of the vote plummet in several seats, most notably Stirling, Angus and Falkirk, and it only managed to finish as high as third in two seats - Linlithgow and Falkirk East, and Dundee West.