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NASB > SEC Filings for NASB > Form 8-K on 27-Feb-2014All Recent SEC Filings

Show all filings for NASB FINANCIAL INC



Other Events, Financial Statements and Exhibits

Item 8.01 Other Events

On February 25, 2014, the Board of Directors of North American Savings Bank, F.S.B. (the "Bank"), a wholly owned subsidiary of NASB Financial, Inc. (the "Company"), was notified by the Office of the Comptroller of the Currency (the "OCC"), the Bank's primary regulator, that they were terminating their Consent Order with the Bank, dated May 22, 2012, effective immediately. In achieving compliance with the Consent Order, the Bank established, among other things, various processes and programs that improved the asset quality of the Bank and ensured the adequacy of allowances for loan and lease losses.

On February 26, 2014, the Company issued a press release announcing the termination of the Consent Order with the OCC. The Company incorporates herein by reference the press release dated February 26, 2014, attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements; Exhibits.

(d) Exhibits.

99.1 Press Release dated February 26, 2014

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