FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: April 10, 1995
(Date of earliest event reported)
NATIONAL CITY BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
INDIANA 0-13585 35-1632155
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
227 Main Street, P.O. Box 868, Evansville, Indiana 47705-0868
(Address of principal executive offices)
Registrant's telephone number, including area code: 812-464-9800
Former name or former address, if changed since last report: N/A
Date of Report: April 13, 1995
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Pursuant to Section 13 or Section 15(b) of the Securities and
Exchange Act of 1934, Registrant hereby makes current report
regarding the following event:
ITEM 5. OTHER EVENTS.
On April 10, 1995, the Registrant and First National
Bank of Paoli, Indiana, (FNB), executed a definitive
agreement for the Registrant to acquire FNB. The
definitive agreement conditions the transaction upon the
approval of all applicable regulatory authorities and the
approval of the shareholders of FNB.
The closing date of this acquisition is anticipated to
be this summer and is to be accounted for under the
purchase accounting method. Upon acquisition, FNB will
merge with and become a branch of The Bank of Mitchell, a
wholly-owned subsidiary of the Registrant.
FNB is a national banking association incorporated in
1976 under the laws of the United States of America. As of
March 31, 1995, FNB reported assets of $16,616,000 and
shareholders' equity of $1,220,000.
The definitive agreement provides for the Registrant
to pay cash for all outstanding shares of common stock of
FNB and issue the Registrant's common stock for all shares
of the preferred stock of FNB.
It is not anticipated that the Registrant will elect
to borrow funds in connection with this acquisition.
However, if the Registrant does elect to borrow, the source
of these funds will be the Registrant's affiliate's
correspondent banks.
There currently exists no material relationship
between the Registrant and First National Bank of Paoli,
including any director, officer, or affiliate
relationships.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
NATIONAL CITY BANCSHARES, INC.
Date: April 13, 1995 /s/ HAROLD A. MANN
Harold A. Mann
Secretary/Treasurer
