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UNITED STATES
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
Date of Report......May 21, 1996
National Bancorp of Alaska, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-10769 92-0087646
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(State or other jurisdiction (Commission (IRSEmployer
of incorporation) File Number) Identification No.)
Northern Lights Boulevard and C Street, Anchorage, AK 99503
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(Address of principal executive offices) (Zip Code)
(907) 276-1132
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(Registrant's telephone number, including area code
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Item 5. Other Events
Press Release
NATIONAL BANCORP OF ALASKA ANNOUNCES
STOCK REPURCHASE
(Anchorage, AK) -- National Bancorp of Alaska announced today
that its board of directors has authorized the repurchase of up to
300,000 shares or approximately 3.8 percent of the company's common
stock.
Ed Rasmuson, chairman of the bank's board of directors, said "the
repurchased shares may be reissued in the future in connection with the
company's profit sharing plan, 401(k) plan and non-qualifying deferred
compensation plan, or for other corporate purposes, or else held
indefinitely in the treasury or retired."
"The repurchase of the company's common stock will be made from
time to time in accordance with market conditions," said Rasmuson.
National Bancorp of Alaska is the holding company that owns all of
the shares of National Bank of Alaska. NBA is one of the highest
capitalized banks in the United States and is a NASD listed stock under
the ticker symbol NBAK. Its principal office in Anchorage, Alaska.
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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 hereunto duly
authorized.
NATIONAL BANCORP OF
ALASKA, INC.
May 21, 1996 /s/Edward B. Rasmuson
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Date Edward B. Rasmuson,Chairman
of the Board
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