What is a "first bank"? There is left and right, front and rear.
Just because you are getting an 02 sensor code doesn't mean the sensor is bad! It may very well be working correctly but the engine is dead rich or lean. That's why you have to be careful with the code you get and understand what it's trying to tell you. You really need to look at the live data to see what it's doing.
By the way, if it's a rear sensor, they are there to measure the efficiency of the converters only. They compare readings with the front sensor to see if their is a problem with the cat. So if it's one of those, it could be a cat instead. I know of some people who use MIL eliminators on the rears...which you have to do if you eliminate the cats...but if you have cats, I don't recommend that. You will fail a visual inspection for emissions if they see it.