On November 29, 2012, the Board of Directors (the "Board") of NASB Financial, Inc. (the "Company") signed a Written Agreement (the "Agreement") with the Federal Reserve Bank of Kansas City (the "Reserve Bank"), the Company's primary regulator, effective as of that date. This agreement replaces and terminates the previous agreement the Company had entered with the Office of Thrift Supervision, the Company's previous federal regulator, which was subsequently assigned to the Reserve Bank.

The Agreement restricts the payment of dividends or other capital distributions by the Company, restricts the Company's ability to incur, increase, or guarantee any debt, and restricts the Company's ability to purchase or redeem any of its stock, without prior written approval of the Reserve Bank. The Agreement also restricts the Company and its wholly-owned statutory trust, NASB Preferred Trust I, from making distributions of interest, principal, or other sums on subordinated debentures or trust preferred securities. The Company has been complying with all provisions of the Agreement, prior to its adoption.

The Agreement will remain in effect until terminated, modified or suspended by the Reserve Bank. The Bank's management and Board of Directors have expressed their full intention and ability to continue to comply with all parts of the Agreement.

The foregoing summary description of the material provisions of the Agreement is qualified in its entirety by reference to the full text of the Written Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

(d) Exhibits.

10.1    Written Agreement dated as of November 29, 2012, between the Board of
        Directors of NASB Financial, Inc. and the Federal Reserve Bank of Kansas
        City.