0001005188-11-000031.txt : 20110630 0001005188-11-000031.hdr.sgml : 20110630 20110630091750 ACCESSION NUMBER: 0001005188-11-000031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110630 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110630 DATE AS OF CHANGE: 20110630 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: 11940637 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 form8-k.htm NORTH CENTRAL BANCSHARES, INC. 8-K 06.30.2011 form8-k.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 30, 2011

NORTH CENTRAL BANCSHARES, INC.
(Exact name of registrant as specified in its charter)

Iowa
0-27672
42-1449849
 
(State of incorporation)
Commission File No.
(I.R.S. Employer 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 8.01 Other Events.
 
On June 30, 2011, North Central Bancshares, Inc. (the “Company”), the parent company of First Federal Savings Bank of Iowa (“Bank”), issued a press release announcing that the Bank has received regulatory approval for and completed its conversion from a federally-chartered stock savings bank to an Iowa-chartered commercial bank.  In connection with the conversion of the Bank, the Company has also received approval from the Board of Governors of the Federal Reserve System and completed a reorganization to a bank holding company from a savings and loan holding company.  The effective date for the conversion and reorganization was June 29, 2011.  The Bank has filed an application with the Federal Reserve Bank of Chicago (“Federal Reserve Bank”) for membership in the Federal Reserve System.  The Bank was recently informed by the Federal Reserve Bank that it expects to act on the application by July 15, 2011.

 
Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.
 
99.1           Press release issued by the Company on June 30, 2011.
 

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.
 
 
 
 
 
 
Date: June 30, 2011
By:
 /s/ David M. Bradley
  
 
 
David M. Bradley
 
 
Chairman, President and Chief Executive Officer




EX-99.1 2 ex99-1.htm PRESS RELEASE ex99-1.htm
North Central Bancshares, Inc.
 David M. Bradley
 515-576-7531
 Distribution: Iowa Newsline
 June 30, 2011
 
 

NORTH CENTRAL BANCSHARES, INC. COMPLETES CONVERSION TO IOWA COMMERCIAL BANK CHARTER

Fort Dodge, Iowa – North Central Bancshares, Inc. (the “Company”) (Nasdaq: FFFD), the parent company of First Federal Savings Bank of Iowa (“Bank”) announced that the Bank has received regulatory approval from the Iowa Division of Banking and completed its conversion to a state-chartered commercial bank from a federally-chartered stock savings bank.  In connection with the conversion of the Bank, the Company has received approval from the Board of Governors of the Federal Reserve System and completed a reorganization to a bank holding company from a savings and loan holding company.  The effective date for the conversion and reorganization was June 29, 2011.  The Bank has filed an application with the Federal Reserve Bank of Chicago (“Federal Reserve Bank”) for membership in the Federal Reserve System.  The Bank was recently informed by the Federal Reserve Bank that it expects to act on the application by July 15, 2011. The pending application for membership in the Federal Reserve System does not affect the ability of the Bank to operate as an Iowa state-chartered commercial bank.  The Bank will continue to use its current corporate title as a commercial bank.

“Our conversion to a state-chartered commercial bank marks a new exciting chapter and most accurately reflects the Bank’s operating strategy and strategic plan,” said David M. Bradley, Chairman, President and Chief Executive Office of the Company.

About the Company and the Bank

North Central Bancshares, Inc. serves north central and southeastern Iowa at eleven full service locations in Fort Dodge, Nevada, Ames, Perry, Ankeny, Clive, West Des Moines, Burlington, and Mount Pleasant, Iowa through its wholly-owned subsidiary, First Federal Savings Bank of Iowa, headquartered in Fort Dodge, Iowa.

The Bank’s deposits are insured by the Federal Deposit Insurance Corporation up to the fullest extent permitted by law.

Statements included in this press release and in future filings by North Central Bancshares, Inc. with the Securities and Exchange Commission, in North Central Bancshares, Inc. press releases, and in oral statements made with the approval of an authorized executive officer, which are not historical or current facts, are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected.  North Central Bancshares, Inc. wishes to caution readers not to place undue reliance on such forward-looking statements, which speak only as of the date made.  The following important factors, among others, in some cases have affected and in the future could affect North Central Bancshares, Inc.’s actual results, and could cause North Central Bancshares, Inc.’s actual financial performance to differ materially from that expressed in any forward-looking statement:  (1) competitive pressures among depository and other financial institutions may increase significantly; (2) revenues may be lower than expected; (3) changes in the interest rate environment may reduce interest margins; (4) general economic conditions, either nationally or regionally, may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and/or a reduced demand for credit; (5) legislative or regulatory changes, including changes in accounting standards, may adversely affect the business in which the Company is engaged; (6) competitors may have greater financial resources and developed products that enable such competitors to compete more successfully than the Company; and (7) adverse changes may occur in the securities markets or with respect to inflation.  The foregoing list should not be construed as exhaustive, and North Central Bancshares, Inc. disclaims any obligation to subsequently revise 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.

For more information contact:  David M. Bradley, Chairman, President and Chief Executive Officer, 515-576-7531.