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) January 26, 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 January 26, 1998, the Registrant issued the attached press
release.
Item 7. Financial Statements and Exhibits
(a) Exhibits
1. Press Release, Dated January 26, 1998, regarding 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: January 26, 1998 /S/ Joseph A. Graber
----------------------
Joseph A. Graber
President
EXHIBIT
NORTH BANCSHARES, INC NEWS RELEASE
RELEASE: IMMEDIATE DATE: January 26, 1998
CONTACT: Joseph A. Graber, President
Victor E. Caputo, Executive Vice-President
(312) 664-4320
NORTH BANCSHARES, INC.
ANNOUNCES
STOCK REPURCHASE PROGRAM
Chicago, Illinois, January 26, 1998, - North Bancshares, Inc., (NASDAQ-NBSI),
the holding company for North Federal Savings Bank, today announced its
intention to repurchase 75,000 shares of its common stock in open market
transactions or in privately negotiated transactions over a period of one
year upon completion of the current stock repurchase program. this will be
the ninth stock repurchase program initiated by the Company and amounts to
approximately 5.3% of the outstanding shares. There are currently 4,975
shares remaining in the current repurchase program which amounted to
approximately 5.0% of the outstanding shares of common stock or 57,825 shares
adjusted for the three-for-two stock split distributed on December 29, 1997.
The Company currently has 1,3416,476 shares outstanding.
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 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://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."
