Item 8.01 Other Events

On December 19, 2008, Bruce Thielen, Vice President of NASB Financial, Inc. (the "Company"), entered into a Rule 10b5-1 trading plan (the "Plan") with a broker to manage the sale of up to 15,000 shares of the Company's common stock, subject to the terms and conditions of the Plan. The Plan expires on December 31, 2009, unless renewed, extended, or terminated earlier by Mr. Thielen.

Mr. Thielen will have no control over the timing of stock sales under the Plan, thereby allowing trades to occur exempt from "blackout periods" prescribed by the Company's Insider Trading Policy. Any transactions under the Plan will be reported by Mr. Thielen through individual From 4 filings with the Securities and Exchange Commission.

The Plan is intended to satisfy the affirmative defense conditions of Rule 10b5-1 of the Securities Exchange Act of 1934 and is in conformity with an exception permitted in the Company's Insider Trading Policy. Rule 10b5-1 allows corporate insiders to establish prearranged written stock plans. A Rule 10b5-1 plan must be entered into in good faith at a time when the insider is not aware of material, nonpublic information.