8-K

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)): November 22, 2006

National Bancshares Corporation

(Exact name of registrant specified in its charter)

Ohio	0-14773	34-1518564
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
112 West Market Street, Orrville, Ohio		44667
(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number, including area code		(330) 682-1010

[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)

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ITEM 8.01 Other Events

PRESS RELEASE: On November 22, 2006, National Bancshares Corporation and its subsidiary, First National Bank, announced that its Board of Directors authorized the repurchase of up to 200,000 shares or approximately 8.95% of National Bancshares Corporation’s outstanding common stock in open market or private transaction from time to time over the next 12 months. National Bancshares currently has 2,234,488 shares outstanding. For additional information, reference is made to National Bancshares Corporation’s press release dated November 22, 2006, which is attached hereto as Exhibit 99.4 and incorporated herein by this reference

ITEM 9.01 Financial Statements and Exhibits

(c) Exhibits

Exhibit 99.1 National Bancshares Corporation press release dated November 22, 2006.

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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: November 22, 2006	/s/ David C. Vernon
	David C. Vernon
	President and Chief Executive Officer

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EX-99.1

Exhibit 99.1

PRESS RELEASE

FOR IMMEDIATE RELEASE

Date:	November 22, 2006
Company:	National Bancshares Corporation
	112 West Market Street
	Orrville, Ohio 44667
Contact:	David C. Vernon
	President and CEO
Phone:	330.682.1010
Fax:	330.684.2154

NATIONAL BANCSHARES CORPORATION TO REPURCHASE UP TO 8.95% OF ITS OUTSTANDING SHARES

ORRVILLE, Ohio, November 22, 2006 — National Bancshares Corporation (OTC: NBOH) and its subsidiary bank, First National Bank, today announced that its Board of Directors has approved a stock repurchase program authorizing the repurchase of up to 200,000 shares or approximately 8.95% of the Company’s outstanding common stock. The repurchase program will depend on market conditions. Currently, National Bancshares Corporation has approximately 2,234,488 shares outstanding.

David C. Vernon, President and Chief Executive Officer of National, stated that the repurchase program will expire in November 2007. The Board of Directors’ approval of the repurchase program took into account current economic and market factors, alternate investment strategies, and the strong capital position of the company and its banking subsidiary, First National Bank. The Company believes that the repurchase of its shares will benefit the Company and its stockholders.

According to Mr. Vernon, the repurchases generally would be effected through open market purchases or in privately negotiated transactions. The repurchased shares will become treasury share available for general corporate purposes.

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 fourteen offices in Orrville, Wooster, Dalton, Kidron, Smithville, Apple Creek, Mt. Eaton, Massillon, Lodi and Seville. Additional information is available at www.fnborrville.com.

FORWARD-LOOKING STATEMENT

This press release contains certain forward-looking statements, including certain plans, expectations, goals and projections, which are subject to numerous assumptions, risks, and uncertainties. Actual results could differ materially from those contained or implied by such statement for a variety of factors including: changes in economic conditions; movements in interest rates; competitive pressures on product pricing and services; success and timing of business strategies; the nature, extent, and timing of governmental actions and reforms; and extended disruption of vital infrastructure. All forward-looking statements included in this news release are based on information available at the time of the release. National Bancshares and its subsidiary, First National Bank, assumes no obligation to update any forward-looking statement.

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