Great American Bancorp Inc. (GTPS)

Overview

Great American Bancorp, Inc. serves as the thrift holding entity for First Federal Savings Bank of Champaign-Urbana, focusing on delivering a comprehensive range of banking and financial solutions primarily to both individual and corporate clients in Champaign County, Illinois. With roots stretching back to 1908, the institution has established a longstanding presence in its local community, based in Champaign, Illinois. The company's commitment to fulfilling the financial needs of its customers is evident in its expansive suite of banking products and personalized services.

Products and Services

Deposit Products: Catering to diverse customer needs, the bank offers a variety of deposit accounts. These include:

• Demand deposits for immediate access to funds without interest.
• Non-interest-bearing and interest-bearing deposits offering options for earning returns on parked funds.
• Savings accounts designed to help customers save money securely.
• Time deposits and money market accounts, providing higher interest rates for fixed terms.
• Certificates of Deposit (CDs) for guaranteed returns over a specified period.

Loan Products: Great American Bancorp, Inc. provides a wide range of loan products to meet the financing needs of its customers, including:

• 1-4 family residential real estate loans for purchasing or refinancing homes.
• Loans secured by multi-family residential real estate, commercial properties, or land.
• Construction loans covering 1-4 family, multi-family, and commercial construction projects.
• Commercial loans tailored for business operations and investments.
• Consumer loans, encompassing home equity loans, auto and mobile home loans, and other secured and unsecured personal loans, along with lines of credit.

Brokerage Services: The company enhances its financial offering by engaging in full-service brokerage activities through a third-party broker-dealer, granting customers access to a broad array of investment options.

Annuities: For those seeking tax-deferred investment growth, the bank offers the sale of tax deferred annuities, supporting long-term financial planning and retirement security.

Insurance Products: Beyond traditional banking services, Great American Bancorp, Inc. provides a comprehensive range of insurance products to cover various aspects of personal and business risk. These products include life, health, auto, property, and casualty insurance, ensuring that customers have access to essential protection for their assets and well-being.