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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
June 24, 1996
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(Date of earliest event reported)
First Federal Bancshares of Arkansas, Inc.
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(Exact name of registrant as specified in its charter)
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Texas 0-28312 71-0785261
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
200 West Stephenson, Harrison, Arkansas 72602
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(Address of principal executive offices) (Zip Code)
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(501) 741-7641
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name, former address and former fiscal year, if changed since last
report)
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ITEM 5. OTHER EVENTS
On June 24, 1996, First Federal Bancshares of Arkansas, Inc. (the
"Company") reported that Dr. Ross E. Fowler submitted his resignation from the
Board of Directors of both the Company and its wholly-owned subsidiary, First
Federal Bank of Arkansas, FA. Dr. Fowler resigned from such positions for
health reasons. The press release attached hereto as Exhibit 99 is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
The following exhibit is included herewith:
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Exhibit Number Description
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99 Press Release dated
June 24, 1996
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
FIRST FEDERAL BANCSHARES OF ARKANSAS, INC.
Date: July 3, 1996 By: /s/ Tommy W. Richardson
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Tommy W. Richardson
Senior Vice President
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Exhibit 99
Press Release
dated June 24, 1996
PRESS RELEASE
FOR FURTHER INFORMATION CONTACT:
LARRY J. BRANDT/PRESIDENT
SCOTT TENNYSON/SENIOR VICE PRESIDENT
501-741-7641
HARRISON, ARKANSAS - JUNE 24, 1996 - First Federal Bancshares (NASDAQ NMS:FFBH)
today reported that due to health reasons, Dr. Ross E. Fowler has submitted his
resignation from the Board of Directors of both First Federal Bancshares and
First Federal Bank, a wholly owned subsidiary of First Federal Bancshares. Dr.
Fowler, a retired Harrison physician, was elected to the Board of Directors of
Harrison Federal Savings and Loan, now First Federal Bank, in 1958. First
Federal Bancshares and First Federal Bank will continue to utilize Dr. Fowler's
38 years of board experience and appoint him to the position of Director
Emeritus.
As a result of Dr. Fowler's resignation, First Federal Bancshares and First
Federal Bank have amended their bylaws to provide for five members. Both
boards will now consist of the following five members: Frank L. Coffman, Jr.,
Larry J. Brandt, John P. Hammerschmidt, James D. Heuer and William F. Smith.
First Federal Bank had assets of $466,101,154 as of March 31, 1996.
