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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): November 20, 2008</B>

<P style="font-size: 24pt" align="center"><B>THE NATIONAL BANK OF INDIANAPOLIS
CORPORATION<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Indiana</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>000-21671</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>35-1887991</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>107 North Pennsylvania
Street, Suite 700<BR>
Indianapolis, Indiana<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>46204</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(317) 261-9000</B>
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cellpadding="0" width="30%" border="0">

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  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">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:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>



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<P style="display: none; font-size: 10pt" align="center">1
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border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD nowrap align="left" width="3%"><B>Item&nbsp;5.02(e).</B></TD>
  <TD width="1%">&nbsp;</TD>
  <TD><DIV style="text-align: justify"><U><B>Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers</B></U><B>.</B></DIV>
</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt; text-indent: 4%" align="justify">On
November&nbsp;20, 2008, The National Bank of Indianapolis Corporation (the
&#8220;Corporation&#8221;) amended The National Bank of Indianapolis
Corporation Executives&#8217; Deferred Compensation Plan (the
&#8220;Plan&#8221;) and entered into an amendment to the employment agreement
with Morris L. Maurer, the President and Chief Executive Officer of the
Corporation, and an amendment to the employment agreement with Philip B. Roby,
the Executive Vice President and Chief Operating Officer of the Corporation
(collectively, the &#8220;Agreements&#8221;). The Plan and the Agreements were
amended in order to comply with Section&nbsp;409A of the Internal Revenue Code
of 1986, as amended.

<P style="font-size: 10pt; text-indent: 4%" align="justify">Attached hereto and
incorporated herein by reference as Exhibit&nbsp;10.06, Exhibit&nbsp;10.07, and
Exhibit&nbsp;10.08 is a copy of the Agreement and the Amendment to the
Agreement for Mr.&nbsp;Maurer, a copy of the Agreement and the Amendment to the
Agreement for Mr.&nbsp;Roby, and the First Amendment to the Plan and the Plan,
respectively.

<P style="font-size: 10pt; text-indent: 4%" align="justify">The terms of Plan
and the Agreement were originally reported on the Corporation&#8217;s Form 8-K
on December&nbsp;21, 2005, which is incorporated herein by reference.

<P style="font-size: 10pt" align="justify"><B>Item&nbsp;8.01 </B><U><B>Other
Events</B></U><B>.</B>

<P style="font-size: 10pt; text-indent: 4%" align="justify">On
November&nbsp;20, 2008, the Board of Directors of the Corporation terminated
its existing stock repurchase program and adopted a new three-year stock
repurchase program for directors and employees. Under the new stock repurchase
program, the Corporation may repurchase shares in individually negotiated
transactions from time to time as such shares become available and spend up to
$8&nbsp;million to repurchase such shares over the three-year term. Subject to
the $8 million limitation, the Corporation intends to purchase shares recently
acquired by the selling shareholder pursuant to the exercise of stock options
or the vesting of restricted stock, and limit its acquisition of shares which
were not recently acquired by the selling shareholder pursuant to the exercise
of stock options or the vesting of shares of restricted stock to no more than
10,000 shares per year. The stock repurchase program does not require the
Corporation to acquire any specific number of shares and may be modified,
suspended, extended or terminated by the Corporation at any time without prior
notice. The repurchase program will terminate on December&nbsp;31, 2011 unless
earlier suspended or discontinued by the Corporation.

<P style="font-size: 10pt" align="justify"><B>Item&nbsp;9.01.
</B><U><B>Financial Statements and Exhibits</B></U><B>.</B>&nbsp;

<P style="font-size: 10pt; text-indent: 4%" align="justify">(d)&nbsp;Exhibits

<P>
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border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="4%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">10.06</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify"><B>First Amendment of Employment Agreement and
Employment Agreement between The National Bank of Indianapolis Corporation and
Morris L. Maurer</B></DIV>
</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="4%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">10.07</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify"><B>First Amendment of Employment Agreement and
Employment Agreement between The National Bank of Indianapolis Corporation and
Philip B. Roby</B></DIV>
</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="4%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">10.08</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify"><B>First Amendment of The National Bank of
Indianapolis Corporation Executives&#8217; Deferred Compensation Plan and The
National Bank of Indianapolis Corporation Executives&#8217; Deferred
Compensation Plan.</B></DIV>
</TD>
 </TR>

</TABLE>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
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<P style="font-size: 10pt" align="center"><B>SIGNATURE</B>

<P style="font-size: 10pt; text-indent: 4%" align="justify">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.

<P style="font-size: 10pt; text-indent: 4%" align="justify">Date:
November&nbsp;26, 2008


<DIV align="center">
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  <TD width="47%">&nbsp;</TD>
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  <TD>&nbsp;</TD>
  <TD colspan="2" align="left"><B>THE NATIONAL BANK OF<BR>
INDIANAPOLIS CORPORATION</B></TD>
</TR>

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<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD>&nbsp;</TD>
  <TD align="left">By: </TD>
  <TD align="left" style="border-bottom: 1px solid #000000">/s/ Debra L. Ross</TD>
</TR>

 <TR valign="bottom">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align="left">Debra L. Ross<BR>
Chief Financial Officer</TD>
</TR>

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">3
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<P style="font-size: 10pt" align="center"><U><B>INDEX TO EXHIBITS</B></U>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD style="border-bottom: #000000 1px solid" nowrap align="left"><B>Exhibit
No.</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap
align="center"><B>Description</B></TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">10.06 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left"><B>First Amendment to Employment Agreement and
Employment Agreement between The National Bank of Indianapolis Corporation and
Morris L. Maurer</B></TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">10.07 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left"><B>First Amendment to Employment Agreement and
Employment Agreement between The National Bank of Indianapolis Corporation and
Philip B. Roby</B></TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">10.08 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left"><B>First Amendment to The National Bank of
Indianapolis Corporation Executives&#8217; Deferred Compensation Plan and The
National Bank of Indianapolis Corporation Executives&#8217; Deferred
Compensation Plan</B></TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">5
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</HTML>
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Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 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 20, 2008
THE NATIONAL BANK OF INDIANAPOLIS
CORPORATION
(Exact name of registrant as
specified in its charter)
Indiana
000-21671
35-1887991
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
107 North Pennsylvania
Street, Suite 700
Indianapolis, Indiana
46204
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(317) 261-9000
(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:
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))
Item 5.02(e).
Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
.
On
November 20, 2008, The National Bank of Indianapolis Corporation (the
"Corporation") amended The National Bank of Indianapolis
Corporation Executives' Deferred Compensation Plan (the
"Plan") and entered into an amendment to the employment agreement
with Morris L. Maurer, the President and Chief Executive Officer of the
Corporation, and an amendment to the employment agreement with Philip B. Roby,
the Executive Vice President and Chief Operating Officer of the Corporation
(collectively, the "Agreements"). The Plan and the Agreements were
amended in order to comply with Section 409A of the Internal Revenue Code
of 1986, as amended.
Attached hereto and
incorporated herein by reference as Exhibit 10.06, Exhibit 10.07, and
Exhibit 10.08 is a copy of the Agreement and the Amendment to the
Agreement for Mr. Maurer, a copy of the Agreement and the Amendment to the
Agreement for Mr. Roby, and the First Amendment to the Plan and the Plan,
respectively.
The terms of Plan
and the Agreement were originally reported on the Corporation's Form 8-K
on December 21, 2005, which is incorporated herein by reference.
Item 8.01
Other
Events
.
On
November 20, 2008, the Board of Directors of the Corporation terminated
its existing stock repurchase program and adopted a new three-year stock
repurchase program for directors and employees. Under the new stock repurchase
program, the Corporation may repurchase shares in individually negotiated
transactions from time to time as such shares become available and spend up to
$8 million to repurchase such shares over the three-year term. Subject to
the $8 million limitation, the Corporation intends to purchase shares recently
acquired by the selling shareholder pursuant to the exercise of stock options
or the vesting of restricted stock, and limit its acquisition of shares which
were not recently acquired by the selling shareholder pursuant to the exercise
of stock options or the vesting of shares of restricted stock to no more than
10,000 shares per year. The stock repurchase program does not require the
Corporation to acquire any specific number of shares and may be modified,
suspended, extended or terminated by the Corporation at any time without prior
notice. The repurchase program will terminate on December 31, 2011 unless
earlier suspended or discontinued by the Corporation.
Item 9.01.
Financial Statements and Exhibits
.
(d) Exhibits
10.06
First Amendment of Employment Agreement and
Employment Agreement between The National Bank of Indianapolis Corporation and
Morris L. Maurer
10.07
First Amendment of Employment Agreement and
Employment Agreement between The National Bank of Indianapolis Corporation and
Philip B. Roby
10.08
First Amendment of The National Bank of
Indianapolis Corporation Executives' Deferred Compensation Plan and The
National Bank of Indianapolis Corporation Executives' Deferred
Compensation Plan.
SIGNATURE
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.
Date:
November 26, 2008
THE NATIONAL BANK OF
INDIANAPOLIS CORPORATION
By:
/s/ Debra L. Ross
Debra L. Ross
Chief Financial Officer
INDEX TO EXHIBITS
Exhibit
No.
Description
10.06
First Amendment to Employment Agreement and
Employment Agreement between The National Bank of Indianapolis Corporation and
Morris L. Maurer
10.07
First Amendment to Employment Agreement and
Employment Agreement between The National Bank of Indianapolis Corporation and
Philip B. Roby
10.08
First Amendment to The National Bank of
Indianapolis Corporation Executives' Deferred Compensation Plan and The
National Bank of Indianapolis Corporation Executives' Deferred
Compensation Plan