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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......October 24, 1997
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 (IRS Employer
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
NEWS
NATIONAL BANK OF ALASKA
P. O. Box 100600, Anchorage, Alaska 99510-0600 (907) 265-2771
FOR IMMEDIATE RELEASE CONTACT: Elaine Junge, APR
DATE: October 22, 1997 (907) 265-2771
NATIONAL BANCORP OF ALASKA ANNOUNCES
REVISED STOCK SPLIT PROPOSAL
(Anchorage, AK) -- National Bancorp of Alaska has revised its intentions to
ask shareholders to amend its Certificate of Incorporation to increase the
authorized common stock, according the Ed Rasmuson, chairman of the bank's
board of directors.
"Upon reflection and discussion with the board, I have concluded that a
four-for-one stock split rather than a two-for-one split previously
announced is more appropriate for achieving our goals," says Rasmuson. "I
believe that this adjustment in our shares will make our stock more
affordable for future shareholders, and improve its liquidity for current
shareholders."
Shareholders will be asked at the annual meeting on March 17, 1998, to
consider an increase in authorized shares from 10.5 million to 42 million.
"At our March 1998 board meeting, we also contemplate adjusting our
quarterly dividend based on our current level of profitability and need for
capital," says 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. Its stock trading symbol is NBAK.
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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.
October 24, 1997 /s/Gary Dalton
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Date Gary Dalton,Executive Vice
President and Controller
(Pricipal Accounting Officer)
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