diff --git a/CHANGELOG.md b/CHANGELOG.md
index 11a093621..b24cc161a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,6 +3,7 @@
 ## Current Master
 
 - Fix bug where web3 API was sometimes injected after the page loaded.
+- Fix bug where first account was sometimes not selected correctly after creating or restoring a vault.
 - Fix bug where imported accounts could not use new eth_signTypedData method.
 
 ## 3.11.0 2017-10-11
diff --git a/app/scripts/controllers/balance.js b/app/scripts/controllers/balance.js
index 4fa4c78fe..f83f294cc 100644
--- a/app/scripts/controllers/balance.js
+++ b/app/scripts/controllers/balance.js
@@ -5,7 +5,9 @@ const BN = require('ethereumjs-util').BN
 class BalanceController {
 
   constructor (opts = {}) {
+    this._validateParams(opts)
     const { address, accountTracker, txController, blockTracker } = opts
+
     this.address = address
     this.accountTracker = accountTracker
     this.txController = txController
@@ -65,6 +67,14 @@ class BalanceController {
     return pending
   }
 
+  _validateParams (opts) {
+    const { address, accountTracker, txController, blockTracker } = opts
+    if (!address || !accountTracker || !txController || !blockTracker) {
+      const error = 'Cannot construct a balance checker without address, accountTracker, txController, and blockTracker.'
+      throw new Error(error)
+    }
+  }
+
 }
 
 module.exports = BalanceController
diff --git a/app/scripts/controllers/computed-balances.js b/app/scripts/controllers/computed-balances.js
index 2479e1b3a..9855f715e 100644
--- a/app/scripts/controllers/computed-balances.js
+++ b/app/scripts/controllers/computed-balances.js
@@ -20,23 +20,34 @@ class ComputedbalancesController {
   }
 
   updateAllBalances () {
-    for (let address in this.accountTracker.store.getState().accounts) {
+    Object.keys(this.balances).forEach((balance) => {
+      const address = balance.address
       this.balances[address].updateBalance()
-    }
+    })
   }
 
   _initBalanceUpdating () {
     const store = this.accountTracker.store.getState()
-    this.addAnyAccountsFromStore(store)
-    this.accountTracker.store.subscribe(this.addAnyAccountsFromStore.bind(this))
+    this.syncAllAccountsFromStore(store)
+    this.accountTracker.store.subscribe(this.syncAllAccountsFromStore.bind(this))
   }
 
-  addAnyAccountsFromStore(store) {
-    const balances = store.accounts
+  syncAllAccountsFromStore(store) {
+    const upstream = Object.keys(store.accounts)
+    const balances = Object.keys(this.balances)
+    .map(address => this.balances[address])
 
+    // Follow new addresses
     for (let address in balances) {
       this.trackAddressIfNotAlready(address)
     }
+
+    // Unfollow old ones
+    balances.forEach(({ address }) => {
+      if (!upstream.includes(address)) {
+        delete this.balances[address]
+      }
+    })
   }
 
   trackAddressIfNotAlready (address) {
diff --git a/app/scripts/lib/account-tracker.js b/app/scripts/lib/account-tracker.js
index cdc21282d..ce6642150 100644
--- a/app/scripts/lib/account-tracker.js
+++ b/app/scripts/lib/account-tracker.js
@@ -38,6 +38,29 @@ class AccountTracker extends EventEmitter {
   // public
   //
 
+  syncWithAddresses (addresses) {
+    const accounts = this.store.getState().accounts
+    const locals = Object.keys(accounts)
+
+    const toAdd = []
+    addresses.forEach((upstream) => {
+      if (!locals.includes(upstream)) {
+        toAdd.push(upstream)
+      }
+    })
+
+    const toRemove = []
+    locals.forEach((local) => {
+      if (!addresses.includes(local)) {
+        toRemove.push(local)
+      }
+    })
+
+    toAdd.forEach(upstream => this.addAccount(upstream))
+    toRemove.forEach(local => this.removeAccount(local))
+    this._updateAccounts()
+  }
+
   addAccount (address) {
     const accounts = this.store.getState().accounts
     accounts[address] = {}
diff --git a/app/scripts/metamask-controller.js b/app/scripts/metamask-controller.js
index 73db866a2..a8a10e106 100644
--- a/app/scripts/metamask-controller.js
+++ b/app/scripts/metamask-controller.js
@@ -1,6 +1,5 @@
 const EventEmitter = require('events')
 const extend = require('xtend')
-const promiseToCallback = require('promise-to-callback')
 const pump = require('pump')
 const Dnode = require('dnode')
 const ObservableStore = require('obs-store')
@@ -96,25 +95,20 @@ module.exports = class MetamaskController extends EventEmitter {
     // key mgmt
     this.keyringController = new KeyringController({
       initState: initState.KeyringController,
-      accountTracker: this.accountTracker,
       getNetwork: this.networkController.getNetworkState.bind(this.networkController),
       encryptor: opts.encryptor || undefined,
     })
 
     // If only one account exists, make sure it is selected.
-    this.keyringController.store.subscribe((state) => {
-      const addresses = Object.keys(state.walletNicknames || {})
+    this.keyringController.memStore.subscribe((state) => {
+      const addresses = state.keyrings.reduce((res, keyring) => {
+        return res.concat(keyring.accounts)
+      }, [])
       if (addresses.length === 1) {
         const address = addresses[0]
         this.preferencesController.setSelectedAddress(address)
       }
-    })
-    this.keyringController.on('newAccount', (address) => {
-      this.preferencesController.setSelectedAddress(address)
-      this.accountTracker.addAccount(address)
-    })
-    this.keyringController.on('removedAccount', (address) => {
-      this.accountTracker.removeAccount(address)
+      this.accountTracker.syncWithAddresses(addresses)
     })
 
     // address book controller
@@ -329,13 +323,13 @@ module.exports = class MetamaskController extends EventEmitter {
       createShapeShiftTx: this.createShapeShiftTx.bind(this),
 
       // primary HD keyring management
-      addNewAccount: this.addNewAccount.bind(this),
+      addNewAccount: nodeify(this.addNewAccount, this),
       placeSeedWords: this.placeSeedWords.bind(this),
       clearSeedWordCache: this.clearSeedWordCache.bind(this),
       importAccountWithStrategy: this.importAccountWithStrategy.bind(this),
 
       // vault management
-      submitPassword: this.submitPassword.bind(this),
+      submitPassword: nodeify(keyringController.submitPassword, keyringController),
 
       // network management
       setProviderType: nodeify(networkController.setProviderType, networkController),
@@ -352,8 +346,8 @@ module.exports = class MetamaskController extends EventEmitter {
 
       // KeyringController
       setLocked: nodeify(keyringController.setLocked, keyringController),
-      createNewVaultAndKeychain: nodeify(keyringController.createNewVaultAndKeychain, keyringController),
-      createNewVaultAndRestore: nodeify(keyringController.createNewVaultAndRestore, keyringController),
+      createNewVaultAndKeychain: nodeify(this.createNewVaultAndKeychain, this),
+      createNewVaultAndRestore: nodeify(this.createNewVaultAndRestore, this),
       addNewKeyring: nodeify(keyringController.addNewKeyring, keyringController),
       saveAccountLabel: nodeify(keyringController.saveAccountLabel, keyringController),
       exportAccount: nodeify(keyringController.exportAccount, keyringController),
@@ -474,20 +468,43 @@ module.exports = class MetamaskController extends EventEmitter {
   // Vault Management
   //
 
-  submitPassword (password, cb) {
-    return this.keyringController.submitPassword(password)
-    .then((newState) => { cb(null, newState) })
-    .catch((reason) => { cb(reason) })
+  async createNewVaultAndKeychain (password, cb) {
+    const vault = await this.keyringController.createNewVaultAndKeychain(password)
+    this.selectFirstIdentity(vault)
+    return vault
+  }
+
+  async createNewVaultAndRestore (password, seed, cb) {
+    const vault = await this.keyringController.createNewVaultAndRestore(password, seed)
+    this.selectFirstIdentity(vault)
+    return vault
+  }
+
+  selectFirstIdentity (vault) {
+    const { identities } = vault
+    const address = Object.keys(identities)[0]
+    this.preferencesController.setSelectedAddress(address)
   }
 
   //
   // Opinionated Keyring Management
   //
 
-  addNewAccount (cb) {
+  async addNewAccount (cb) {
     const primaryKeyring = this.keyringController.getKeyringsByType('HD Key Tree')[0]
     if (!primaryKeyring) return cb(new Error('MetamaskController - No HD Key Tree found'))
-    promiseToCallback(this.keyringController.addNewAccount(primaryKeyring))(cb)
+    const keyringController = this.keyringController
+    const oldAccounts = await keyringController.getAccounts()
+    const keyState = await keyringController.addNewAccount(primaryKeyring)
+    const newAccounts = await keyringController.getAccounts()
+
+    newAccounts.forEach((address) => {
+      if (!oldAccounts.includes(address)) {
+        this.preferencesController.setSelectedAddress(address)
+      }
+    })
+
+    return keyState
   }
 
   // Adds the current vault's seed words to the UI's state tree.
diff --git a/package.json b/package.json
index 59b2836ce..ed5b5fea1 100644
--- a/package.json
+++ b/package.json
@@ -77,8 +77,8 @@
     "eth-block-tracker": "^2.2.0",
     "eth-hd-keyring": "^1.2.1",
     "eth-json-rpc-filters": "^1.2.2",
-    "eth-keyring-controller": "^2.1.0",
     "eth-contract-metadata": "^1.1.5",
+    "eth-keyring-controller": "^2.1.2",
     "eth-phishing-detect": "^1.1.4",
     "eth-query": "^2.1.2",
     "eth-sig-util": "^1.4.0",
@@ -149,7 +149,7 @@
     "redux-logger": "^3.0.6",
     "redux-thunk": "^2.2.0",
     "request-promise": "^4.2.1",
-    "sandwich-expando": "^1.0.5",
+    "sandwich-expando": "^1.1.3",
     "semaphore": "^1.0.5",
     "shallow-copy": "0.0.1",
     "sw-stream": "^2.0.0",
diff --git a/ui/app/reducers.js b/ui/app/reducers.js
index 6a2f44534..1cded7ca7 100644
--- a/ui/app/reducers.js
+++ b/ui/app/reducers.js
@@ -43,7 +43,12 @@ function rootReducer (state, action) {
 
 window.logState = function () {
   let state = window.METAMASK_CACHED_LOG_STATE
-  const version = global.platform.getVersion()
+  let version
+  try {
+    version = global.platform.getVersion()
+  } catch (e) {
+    version = 'unable to load version.'
+  }
   state.version = version
   let stateString = JSON.stringify(state, removeSeedWords, 2)
   return stateString