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) September 17, 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 September 17, 1998, the Registrant issued the attached press
release.
Item 7. Financial Statements and Exhibits
(a) Exhibits
1. Press Release, dated September 17, 1998, regarding the
appointment of a new director.
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: September 17, 1998 /S/ Joseph A. Graber
----------------------
Joseph A. Graber
President and
Chief Executive Officer
EXHIBIT
NORTH NEWS
BANCSHARES, INC.
100 West North Avenue at Clark-Chicago, Illinois 60610 (312)664-4320
RELEASE: Immediately
CONTACT: Joseph A. Graber, President and Chief Executive Officer
Victor E. Caputo, Executive Vice President
(312) 664-4320
NORTH BANCSHARES ANNOUNCES NEW DIRECTOR
CHICAGO, IL, SEPTEMBER 17, 1998-North Bancshares, Inc., the holding
company of North Federal Savings Bank toady announced the appointment of
Frank J. Donati to the boards of the company and the bank effective October
1, 1998.
"Mr. Donati has expertise in budgeting, forecasting, and financial
analysis. He also is familiar with the needs of financial institutions and
publicly-held companies," said May Ann Hass, chairman of the company and the
bank. "We're delighted to have the benefit of his perspective in meeting the
challenges of today and beyond."
"As we continue to implement our strategy, Mr. Donati will provide us
with invaluable counsel," said Joseph A. Graber, president and chief executive
officer. "All of our directors look forward to working with him."
Mr. Donati is the president of Donati Financial Services, Inc., a
consulting firm providing senior executive-level counsel to a variety of
financial institutions and other corporations. His prior position was senior
vice president of finance at Bell Bancorp, Inc., Bell Federal Savings' $1.9
billion holding company, where he managed all financial and treasury functions
including investor relations and SEC reporting. Previously, Mr. Donati was
senior vice president, chief financial officer and treasurer at United Savings
of America, a $1.6 billion financial institution and holding company. He also
served as a senior audit manager at KPMG Peat Marwick, where he oversaw the
audits of a variety of companies including financial institutions. Mr.
Donati is a graduate of DePaul University and a member of the Illinois CPA
Society and the American Institute of Certified Public Accountants.
North Bancshares, Inc. is the $124 million 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 40 consecutive quarters, the bank has received a five-
star superior rating for saftey from Bauer Financial Reports, Inc. and is
rated one of the best in the nation by Sheshunoff Information Sevices, 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, Friends of the Near North Library 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.