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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 3, 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 3, 1997 (907) 265-2771
NATIONAL BANCORP OF ALASKA BOARD APPROVES
STOCK REPURCHASE INCREASE
(Anchorage, AK) -- At its September board meeting, the National Bancorp
of Alaska board of directors authorized the company to repurchase up to
500,000 shares of the company's common stock, or approximately 6% of issued
stock. This includes 300,000 shares authorized for repurchase in May.
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.
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.
October 3, 1997 /s/Gary Dalton
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Date Gary Dalton,Executive Vice
President and Controller
(Pricipal Accounting Officer)
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