Unassociated Document

0000882377-07-002438.txt : 20071031 0000882377-07-002438.hdr.sgml : 20071030 20071031170124 ACCESSION NUMBER: 0000882377-07-002438 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071031 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071031 DATE AS OF CHANGE: 20071031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTH CENTRAL BANCSHARES INC CENTRAL INDEX KEY: 0001005188 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 421449849 STATE OF INCORPORATION: IA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27672 FILM NUMBER: 071203556 BUSINESS ADDRESS: STREET 1: 825 CENTRAL AVE STREET 2: C/O FIRST FED SAVINGS BANK OF FT DODGE CITY: FORT DODGE STATE: IA ZIP: 50501 BUSINESS PHONE: 5155767531 MAIL ADDRESS: STREET 1: 825 CENTRAL AVENUE CITY: FORT DODGE STATE: IA ZIP: 50501 8-K 1 p07-1099_8k.htm NORTH CENTRAL BANCSHARES, INC. Unassociated Document

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): October 31, 2007

NORTH CENTRAL BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

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

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):

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

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

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

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

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b)

Effective October 31, 2007, Paul F. Bognanno resigned as President and Chief Executive Officer of North Central Bancshares, Inc. (the “Company”). In addition on that same effective date, Mr. Bognanno resigned as Chief Executive Officer of First Federal Savings Bank of Iowa (the “Bank”). Mr. Bognanno will continue to serve as a Director of the Company and of the Bank.

(c)

Effective October 31, 2007, David M. Bradley was appointed President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank. Mr. Bradley previously served in these positions at the Company from the Company’s inception in December 1995 until July 1, 2007 and as Chief Executive Officer of the Bank from 1992 until July 1, 2007. Mr. Bradley’s employment agreements between himself and the Company and Bank effective March 20, 1996 remain in effect.

Item 7.01. Regulation FD Disclosure

On October 31, 2007, the Company issued a press release announcing the resignation of Mr. Bognanno as its President and Chief Executive Officer. This press release also announced the appointment of Mr. Bradley as President and Chief Executive Officer. A copy of the press release is attached hereto as Exhibit 99.

Item 9.01 Financial Statements and Exhibits

The following exhibit is furnished with this Report:

Exhibit No.

Description

99.1

Press release issued by the Company on October 31, 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: President and Chief Executive Officer

Dated: October 31, 2007

EX-99.1 2 p07-1099ex99_1.htm PRESS RELEASE Unassociated Document

PRESS RELEASE

October 31, 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 RESIGNATION OF PAUL F. BOGNANNO AS CHIEF EXECUTIVE OFFICER OF NORTH CENTRAL BANCSHARES, INC. AND FIRST FEDERAL SAVINGS BANK OF IOWA AND APPOINTMENT OF DAVID M. BRADLEY

Fort Dodge, Iowa, October 31, 2007 - North Central Bancshares, Inc. (Nasdaq: "FFFD") (the "Company"), the holding company for First Federal Savings Bank of Iowa (“Bank”), announced today that Paul F. Bognanno has resigned as President and Chief Executive Officer of North Central Bancshares, Inc. and as Chief Executive Officer of First Federal Savings Bank of Iowa. Mr. Bognanno will continue to serve as a Director of the Company and the Bank.

Mr. Bognanno joined the Company and Bank board of directors in 2005. Effective July 1, 2007, he had been appointed as Chief Executive Officer and President of the Company and as Chief Executive Officer of the Bank. Mr. Bognanno stated “It is with sincere regret that I am resigning as CEO of North Central Bancshares, Inc. and First Federal Savings Bank of Iowa. An unexpected opportunity arose that was extremely compelling for me in regards to my career advancement. I am confident that the Company and Bank will continue to grow and succeed as they have in the past and I look forward to continuing my role as a Director.”

The Company and Bank also announced that Chairman of the Board David M. Bradley has been appointed President and Chief Executive Officer of North Central Bancshares, Inc. and as Chief Executive Officer of First Federal Savings Bank of Iowa. Mr. Bradley has been employed by the Bank since 1982 and had served as its CEO from 1992 to July 1, 2007. He had served as the President and CEO of North Central Bancshares, Inc. since its inception in December 1995 until July 1, 2007. He will also continue as the Chairman of the Board of North Central Bancshares, Inc. and First Federal Savings Bank of Iowa.

Mr. Bradley stated “Paul Bognanno has done a great job of helping the Company and Bank strategize and plan for the future. We are very disappointed in our loss but congratulate him on his new senior level position with a recognized industry leader. I am excited to once again have the opportunity to continue to work more closely with our dedicated staff to achieve the strategic goals we have identified during Paul’s tenure with the Company and Bank.”

North Central Bancshares, Inc., with over $520 million in assets as of September 30, 2007, 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, West Des Moines, Burlington and Mt. Pleasant, Iowa. First Federal's deposits are insured by the Federal Deposit Insurance Corporation up to the full extent permitted by law.