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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......September 5, 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: September 5, 1997 (907) 265-2771
National Bancorp of Alaska Announces
Stock Split Proposal
(Anchorage, AK) -- National Bancorp of Alaska intends to ask its
shareholders to amend its Certificate of Incorporation to increase the
authorized common stock from 10.5 million shares to 21.0 million shares,
according to Ed Rasmuson, chairman of the bank's board of directors. The
amendment would reclassify each issued and oustanding share of old common
stock into two shares of new common stock. The proposal will be presented
at the bank's annual meeting in March 1998.
"The proposed stock split would reduce the per share price to a level more
attractive to smaller investors," said Rasmuson. "If board and shareholder
approvals are received in March, I expect the board to set the April cash
dividend at a level appropriate to the new number of shares outstanding."
National Bancorp of Alaska is the holding company that owns all 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.
September 5, 1997 /s/Gary Dalton
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Date Gary Dalton,Executive Vice
President and Controller
(Pricipal Accounting Officer)
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