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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) February 28, 2000
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)
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Item 5. Other Events
On February 28, 2000, the Registrant issued the attached press
release.
Item 7. Financial Statements and Exhibits
(a) Exhibits
1. Press Release, Dated February 28, 2000, commercial lending
program and hiring of Joseph M. Perri.
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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: February 28, 2000 /S/ Joseph A. Graber
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Joseph A. Graber
President and
Chief Executive Officer
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EXHIBIT
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NORTH BANCSHARES, INC NEWS RELEASE
RELEASE: IMMEDIATE
CONTACT: Joseph A. Graber or Victor E. Caputo or Martin W. Trofimuk
(312) 664-4320
NORTH BANCSHARES, INC. ANNOUNCES
COMMERCIAL LENDING PROGRAM
PERRI APPOINTED LOAN DEPARTMENT MANAGER
CHICAGO, IL, FEBRUARY 28, 2000, - North Bancshares, Inc., (NASDAQ-NBSI),
the holding company of North Federal Savings Bank, today announced the Bank
has hired Joseph M. Perri as Senior Vice President and Loan Department Manager.
Mr. Perri's duties will include expansion of the Bank's commercial lending
operation along with overseeing the residnetial and consumer lending
operations. Mr. Perri has served as Senior Vice President of Julian, Toft &
Downey in Chicago, where he was responsible for the origination of commercial
mortgage loans. He has also served as Senior Vice President and Regional
Originations Manager for commercial lending at LaSalle National Bank of
Chicago and as Regional Vice President of commercial lending for Savings of
America.
Joseph A. Graber, President and Chief Executive Officer, commented:
"Our business plan calls for diversifying our asset base by expanding
our commercial and consumer lending operations. The hiring of Mr. Perri
provides us a unique opportunity to move in the direction of accomplishing
those goals." He added, "Joe Perri brings energy and a wealth of experience
to the Bank that I believe will untimately translate into long term value for
our shareholders."
North Bancshares, Inc. is the holding company for North Federal Savings
Bank. Its common stock is traded on the Nasdaq Stock Market under the symbol
"NBSI." North Federal has seved the north side of Chicago from its office in
Old Town since 1886. It also opeates a branch office in wilmette, Il. For 45
consecutive quarters, the bank has received a five-star superior rating for
safety from Bauer Financial Reports, Inc., and is rated one of the best in the
nation for safety and soundness by Sheshunoff Informaiton Services, Inc.
North Federal is proud to support local service and non-profit organizations.
Its executives serve on the boards of the Lincoln Park Chamber of Commerce, the
Old Town Chamber of Commerce and the Human Capital Council. Further information
is available on its website at www.northfederal.com including prior press
releases, SEC filings, company history, and current products, services and
interest rates.
When used in this press release the words or phrases "will likely result,
" "are expected to," "will continue," "is anticipated," "estimate," "project,"
or similar expressions are intended to identify "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
The Company wishes to caution readers not to place undue reliance on any such
forward-looking statements which speak only as of the date made. The Company
wishes to advise readers that the factors listed above could affect the
Company's financial performance.
The company does not undertake -- and specifically disclaims any
obligation -- to publicly release the results of any revision which may be made
to any forward-looking statements to reflect events or circumstances after the
date of such statements or to reflect the ocourrence of anticipated or
unanticipated events.
