-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, M5/Ifu4Nea4O790QGnC/Ejx49l3CeTH2cI1gUBzc7fRdxlcPstWiyt8jnN1NzY/6 4gehyeJc4Dk9UKR8lVYPmw== 0000790362-09-000010.txt : 20090319 0000790362-09-000010.hdr.sgml : 20090319 20090318173301 ACCESSION NUMBER: 0000790362-09-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090318 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20090319 DATE AS OF CHANGE: 20090318 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL BANCSHARES CORP /OH/ CENTRAL INDEX KEY: 0000790362 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 341518564 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14773 FILM NUMBER: 09691723 BUSINESS ADDRESS: STREET 1: 112 W MARKET ST CITY: ORRVILLE STATE: OH ZIP: 44667 BUSINESS PHONE: 330-682-1010 MAIL ADDRESS: STREET 1: PO BOX 57 CITY: ORRVILLE STATE: OH ZIP: 44667 8-K 1 kdiv309.txt 8-K Item 2.02 Results of Operations and Financial Conditions PRESS RELEASE: On March 17, 2009, National Bancshares Corporation issued a press release containing information regarding the declaration of quarterly dividends. A copy of the press release is attached to this Current Report as Exhibit 99.1 and is incorporated into this report by reference. The information in this Form 8-K and in Exhibit 99.1 attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act) or otherwise subject to the liability of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. ITEM 9.01 Exhibits 99.1 National Bancshares Corporation press release dated March 17, 2009. 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. National Bancshares Corporation Date: March 18, 2009 /s/ David C. Vernon David C. Vernon President and Chief Executive Officer EX-1 2 kexh309.txt PRESS RELEASE Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE Date: March 17, 2009 Company: National Bancshares Corporation 112 West Market Street Orrville, Ohio 44667 Contact: David C. Vernon President and CEO Phone: 330.682.1010 Fax: 330.682.4644 NATIONAL BANCSHARES CORPORATION DECLARES FIRST QUARTER DIVIDEND ORRVILLE, Ohio, March 17, 2009 ~ The Board of Directors of National Bancshares Corporation (OTC: NBOH) today declared a quarterly cash dividend of $0.08 per share for the first quarter 2009. This dividend is payable on April 17, 2009 to shareholders of record as of March 31, 2009. The first quarter dividend of $0.08 represents a 50% reduction in the regular quarterly dividend. `National Bancshares Corporation`s subsidiary, First National Bank, has been a conservatively managed bank since 1881 and we are strong because we are not burdened with any of the sub-prime loan problems confronting our industry today. Nevertheless, this is not a business as usual economic environment` said David C. Vernon, President and CEO. `2009 earnings will be negatively impacted by a $1 million increase in the cost of FDIC insurance and because it is prudent, in this economic environment, to build the Allowance for Loan Losses` added Vernon. `The Board of Directors felt it was important to conserve capital by reducing the dividend until such time as economic stability is achieved and the outlook for credit and business becomes clearer` said John W. Kropf, Chairman of the Board. National Bancshares Corporation is the holding company for First National Bank a federally chartered national bank formed in Ohio in 1881. First National Bank has thirteen offices in Orrville, Wooster, Massillon, Apple Creek, Dalton, Kidron, Lodi, Mt. Eaton, Seville and Smithville. Additional information is available at www.fnborrville.com. Forward-looking Statements: This press release contains forward-looking statements as referenced in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are necessarily subject to many risks and uncertainties. A number of things could cause actual results to differ materially from those indicated by the forward-looking statements. These include factors such as changes in the competitive marketplace, changes in the interest rate environment, economic conditions, changes in the regulatory environment, changes in business conditions and inflation, risks associated with credit quality and other factors discussed in the Companys filings with the Security and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2007. The Company disclaims any obligation to publicly update or revise any forward-looking statements on the occurrence of future events, the receipt of new information, or otherwise. -----END PRIVACY-ENHANCED MESSAGE-----