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) August 7, 1997
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 August 7, 1997, the Registrant issued the attached press
release.
Item 7. Financial Statements and Exhibits
(a) Exhibits
1. Press Release, Dated August 7, 1997, regarding the
completion of a 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: August 7, 1997 /S/ Joseph A. Graber
----------------------
Joseph A. Graber
President
EXHIBIT
NORTH BANCSHARES, INC NEWS RELEASE
RELEASE: IMMEDIATE DATE: August 7, 1997
CONTACT: Joseph A. Graber, President
Victor E. Caputo, Executive Vice-President
(312) 664-4320
NORTH BANCSHARES, INC.
ANNOUNCES
COMPLETION OF SEVENTH STOCK
REPURCHASE PROGRAM
Chicago, Illinois, August 7, 1997, - North Bancshares, Inc., (NASDAQ-NBSI),
the holding company for North Federal Savings Bank, today announced the
completion of its seventh stock repurchase program. As earlier announced and
authorized, 100,000 shares or approximately 9.5% of the outstanding shares
of common stock were purchased in open market or in privately negotiated
transactions. The shares were repurchased at an average price of $18.04 per
share. The Company currently has 982,670 shares outstanding and will now
begin the repurchase program which was announced on July 15, 1997. This
eighth repurchase program will amount to 50,000 shares or approximately 5% of
the outstanding shares.
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 35 consecutive quarters from Bauer
Financial Reports, Inc. Visit our Web site at http://northfederal.com to read
previous press releases, examine filings with the SEC, read about our history,
and check out our products, services and interest rates.
North Bancshares, Inc. common stock is traded on The Nasdaq Stock Market
under the symbol: "NBSI."
