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) December 29, 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 December 29, 1997, the Registrant issued the attached press
release.
Item 7. Financial Statements and Exhibits
(a) Exhibits
1. Press Release, Dated December 29, 1997, regarding rejection of an
offer to purchase.
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: December 29, 1997 /S/ Joseph A. Graber
----------------------
Joseph A. Graber
President
EXHIBIT
NORTH BANCSHARES, INC NEWS RELEASE
RELEASE: IMMEDIATE DATE: December 29, 1997
CONTACT: Joseph A. Graber, President
Victor E. Caputo, Executive Vice-President
(312) 664-4320
NORTH BANCSHARES, INC.
REJECTS OFFER FROM
SUCCESS BANCSHARES, INC.
Chicago, Illinois, December 29, 1997, - North Bancshares, Inc., (NASDAQ-NBSI),
the Board of Directors of North Bancshares, Inc. ("the Company"), announced
today that it has declined Success Bancshares, Inc.'s proposal to acquire the
Company and reaffirmed its long standing position that the Company is not for
sale.
North Federal Savings Bank, the Company's wholly owned subsidary, 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
37 consecutive quarters from Bauer Financial Reports, Inc., and is rated one
of the best in the nation by Sheshunoff Information Services, 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."
