8-K

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): June 29, 2007

NORTH CENTRAL BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

Iowa (State or other jurisdiction of incorporation) 0-27672 (Commission File Number) 42-1449849 (IRS Employer Identification No.)

c/o First Federal Savings Bank of Iowa, 825 Central Avenue, Fort Dodge, Iowa 50501

(Address of principal executive offices)     (Zip Code)

Registrant's telephone number, including area code:  (515) 576-7531

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01                      Other Events

On June 29, 2007, North Central Bancshares, Inc. (the “Company”) announced a stock repurchase program commencing immediately upon completion of the current repurchase program.  A copy of the press release dated June 29, 2007, is attached as Exhibit 99.1.

 

Item 9.01 Financial Statements and Exhibits

(c) The following exhibit is furnished with this Report:

Exhibit No.	Description
99.1	Press release issued by the Company on June 29, 2007.

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 CENTRAL BANCSHARES, INC.
By:	/s/ David M. Bradley
Name:	David M. Bradley
Title:	Chairman, President and Chief Executive Officer

Date: June 29, 2007

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release dated June 29, 2007.

EX-99.1

Exhibit  99.1  Press Release

PRESS RELEASE

June 29, 2007

For further information contact:

David M. Bradley

President and Chief Executive Officer

North Central Bancshares, Inc.

825 Central Avenue

Fort Dodge, Iowa 50501

515-576-7531

NORTH CENTRAL BANCSHARES, INC. ANNOUNCES STOCK REPURCHASE PROGRAM

Fort Dodge, Iowa, June 29, 2007 - North Central Bancshares, Inc. (Nasdaq: "FFFD") (the "Company"), the holding company for First Federal Savings Bank of Iowa, announced today that it will commence a new stock repurchase program.  The program authorizes the Company to repurchase up to 75,000 shares, or 5.55%, of its 1,352,248 outstanding shares of common stock and will remain open until all shares authorized for repurchase have been repurchased.  The repurchases will be made from time to time, in open market transactions, at the discretion of management.

This new program will commence immediately upon the completion of the Company’s current repurchase program approved on March 31, 2006.  The current repurchase program consists of the repurchase of 100,000 shares of the Company’s common stock, of which 4,450 shares remain to be purchased.

North Central Bancshares, Inc., with over $525 million in assets is the holding company for First Federal Savings Bank of Iowa, a federally chartered stock savings bank.  First Federal is a community-oriented institution serving Iowa through 11 full service locations in Fort Dodge, Nevada, Ames, Ankeny, Perry, Clive, Burlington, West Des Moines and Mt. Pleasant, Iowa.  First Federal's deposits are insured by the Federal Deposit Insurance Corporation.