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 (Date of earliest event reported) November 26, 1996
NORTH BANCSHARES, INC.
(Exact name of Registrant as specified in its Charter)
Delaware 0-22800 36-3915073
(State or other (commission file number) (IRS Employer
jurisdiction of Identification
incorporation) number)
100 West North Avenue, Chicago, Illinois 60610
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 664-4320
N/A
Former name or former address, if changed since last report)
Item 5. Other Events
On November 26, 1996, the Registrant issued the attached press
release.
Item 7. Financial Statements and Exhibits
(a) Exhibits
1. Press Release, Dated November 26, 1996, regarding
completion of stock repurchase program.
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.
NORTH BANCSHARES, INC.
(Registrant)
Date: November 26, 1996 /S/ Joseph A. Graber
----------------------
Joseph A. Graber
President
EXHIBIT
NORTH BANCSHARES, INC NEWS RELEASE
RELEASE: IMMEDIATE DATE: November 26, 1996
CONTACT: Joseph A. Graber, President
Victor E. Caputo, Executive Vice-President
(312) 664-4320
NORTH BANCSHARES, INC.
ANNOUNCES
COMPLETION OF STOCK
REPURCHASE PROGRAM
Chicago, Illinois, November 26, 1996, - North Bancshares, Inc.,
(NASDAQ-NBSI), the holding company for North Federal Savings Bank,
today announced the completion of its sixth stock repurchase program.
As earlier announced and authorized, 5% or 55,681 of the outstanding shares
of common stock were purchased in open market transactions. The shares were
repurchased at an average price of $16.08 per share. The Company currently
has 1,057,950 shares outstanding and assets of $118.6 million.
North Federal Savings Bank primarily serves the North Side of Chicago from
its home office and operates a branch office in Wilmette, Illinois. The bank
has received a five star rating for 33 consecutive quarters from Bauer
Financial Reports, Inc.
North Bancshares, Inc. common stock is traded on The Nasdaq Stock Market
under the symbol: "NBSI."
