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) May 18, 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 May 18, 1998, the Registrant issued the attached press
release.
Item 7. Financial Statements and Exhibits
(a) Exhibits
1. Press release, dated May 18, 1998, regarding stock
repurchase programs.
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: May 18, 1998 /S/ Joseph A. Graber
----------------------
Joseph A. Graber
President
EXHIBIT
NORTH BANCSHARES, INC NEWS RELEASE
RELEASE: IMMEDIATE DATE: May 18, 1998
CONTACT: Joseph A. Graber, President
Victor E. Caputo, Executive Vice-President
(312) 664-4320
NORTH BANCSHARES, INC.
ANNOUNCES
STOCK REPURCHASE PROGRAM
Chicago, Illinois, May 18, 1998, - North Bancshares, Inc., (NASDAQ-NBSI),
the holding company for North Federal Savings Bank, today announces its
intention to repurchase 50,000 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 eleventh stock repurchase program initiated by the Company and amounts to
approximately 3.9% of the outstanding shares. The Company currently has
1,284,414 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 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."
