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) April 27, 1998
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 April 27, 1998, the Registrant issued the attached press
release.
Item 7. Financial Statements and Exhibits
(a) Exhibits
1. Press Release, Dated April 27, 1998, regarding the retirement of
Mary Ann Hass.
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: April 27, 1998 /S/ Joseph A. Graber
----------------------
Joseph A. Graber
President
EXHIBIT
IMMEDIATE: April 27, 1998
Joseph A. Graber, President
Victor E. Caputo, Executive Vice President
(312) 664-4320
NORTH BANCSHARES, INC.
ANNOUNCES
MARY ANN HASS TO RETIRE
Chicago, Illinois, April 27, 1998, - North Bancshares, Inc., (NASDAQ-NBSI),
the Board of Directors announces the retirement of Mary Ann Hass as Chief
Executive Officer of the Company and the Bank effective July 31, 1998. Mrs.
Hass will remain as Chairman of the Board of the Company and the Bank.
Concurrent with this announcement, the Board has appointed Joseph A. Graber,
currently President and Chief Operating Officer of the Company and the Bank
to assume the duties of Chief Executive Officer effective August 1, 1998.
The Board has appointed Victor E. Caputo, currently Executive Vice President
and Secretary to assume the duties of Chief Operating Officer effective
August 1, 1998.
Mary Ann Hass has been employed by the Bank since 1950 and became Chairman,
President and Chief Executive Officer in 1968. She has served as President
of the Federal Savings and Loan Council of Illinois, Chairman of the
Chicagoland Association of Savings Institutions, and served on the board of
the Illinois League of Financial Institutions. She said, "I believe the
commitment that the Bank has made since 1886 to provide financial services to
our communities and since 1993 to provide value to our shareholders will
continue and will grow under the leadership of Mr. Graber and his management
team. I am confident in their ability to position the Company for future
earnings growth and to be a competitive force in our marketplace." She added
"I believe that the role of the independent community financial institution
will continue to grow as the large money center banks continue to merge and
squeeze out smaller individual and business customers."
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 39 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
www.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."
