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) March 27, 2001
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NORTH BANCSHARES, INC.
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(Exact name of registrant as specified in its Charter)
Delaware 0-22800 36-3915073
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(State or other (commission file number) (IRS Employer
jurisdiction of Identification
incorporation) number)
100 West North Avenue, Chicago, Illinois 60610
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 664-4320
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N/A
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Former name or former address, if changed since last report)
Item 5. Other Events
On March 27, 2001, the Registrant issued the attached press release.
Item 7. Financial Statements and Exhibits
(a) Exhibits
1. Press Release, dated March 27, 2001, regarding transfer of listing
from the Nasdaq National Market to the Nasdaq SmallCap market.
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: March 27, 2001 /S/ Joseph A. Graber
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Joseph A. Graber
President and
Chief Executive Officer
EXHIBIT
NORTH BANCSHARES, INC. NEWS
100 West North Avenue Chicago, Illinois 60610 312-664-4320
RELEASE: IMMEDIATELY
CONTACT: Joseph A. Graber or Victor E. Caputo or Martin W. Trofimuk
(312) 664-4320
NORTH BANCSHARES, INC. ANNOUNCES
MOVE TO NASDAQ SMALLCAP MARKET
CHICAGO, IL, MARCH 27, 2001, - North Bancshares, Inc., (NASDAQ-NBSI),
the holding company for North Federal Savings Bank, today announced that
effective March 28, 2001, the Company's common stock will move from the Nasdaq
National Market and begin trading on The Nasdaq SmallCap market. The Nasdaq
National Market requires a minimum of 400 round lot shareholders (100 shares),
along with other requirements such as minimum stock price, market
capitalization, public float and market makers, which the Company meets. The
Company has approximately 430 shareholders, although only 368 are considered
round lot shareholders. The Nasdaq SmallCap Market requires 300 round lot
shareholders along with other minimum requirements which the Company meets. The
Company's trading symbol and all corporate governance requirements remain the
same in so far as distribution of annual reports, annual shareholders meeting,
solicitation of proxies, quorum requirements and audit committee requirements.
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 served the north side of Chicago from its home office
in Old Town since 1886. It also operates 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 by Sheshunoff Information Services, Inc. North Federal is proud to
support local service and non-profit organizations. Its executives serve on the
boards of Lincoln Park Chamber of Commerce, 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 revisions which may be made
to any forward-looking statements to reflect events or circumstances after the
date of such statements or to reflect the occurrence of anticipated or
unanticipated events.