- CEO
- George R. Rouse
- Full Time Employees
- 81
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 1311 South Neil Street Champaign IL United States of America 61824-1010
- IPO Date
- Jun 30, 1995
- Business
- Great American Bancorp, Inc. (GTPS) is a thrift holding company that owns and manages First Federal Savings Bank of Champaign-Urbana, a federally chartered savings bank providing retail banking services in Champaign County, Illinois; the bank accepts deposits including noninterest-bearing demand deposits, interest-bearing deposits, savings accounts, time deposits, and money market accounts, and invests funds primarily in one-to-four-family residential mortgage loans, multi-family mortgage loans, commercial real estate loans, construction loans, land development loans, commercial loans, and consumer loans, while also originating certain loans for sale, investing in mortgage-backed securities, offering full-service brokerage through a third-party broker-dealer, and selling insurance products including life, health, auto, property, and casualty coverage through its subsidiary Park Avenue Service Corporation operating as GTPS Insurance Agency. Founded in 1908 as a mutual savings institution and converted to stock form in 1995 when Great American Bancorp was organized as a Delaware corporation, the company maintains its principal executive office at 1311 S. Neil St., Champaign, Illinois 61820, and operates through two full-service branches in Champaign and Urbana serving residents, small businesses, and the local economy tied to the University of Illinois, healthcare, food processing, and agriculture, with deposits insured by the Federal Deposit Insurance Corporation. In recent developments, the company reported net income of $2.517 million for the nine months ended September 30, 2025, reflecting loan growth to $110.935 million net from higher yields despite deposit declines and Federal Reserve rate cuts, alongside increased noninterest income from elevated insurance sales commissions and higher professional fees for enhanced information technology security implemented since August 2024.