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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) July 18, 1996
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GREAT AMERICAN BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 000-25808 52-1923366
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
1311 S. Neil St., P.O. Box 1010, Champaign, IL 61824-1010
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(Address of principal executive offices) (Zip Code)
(217) 356-2265
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(Registrant's telephone number, including area code)
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Item 5. Other Events.
The Registrant incorporates by reference the press release dated
July 18, 1996 attached as Exhibit 20, relating to the Registrant's
completion of its common stock repurchase program.
Item 7. Financial Statements and Exhibits.
The Registrant incorporates by reference the press release dated
July 18, 1996 attached as Exhibit 20, relating to the Registrant's
completion of its common stock repurchase program.
SIGNATURES
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.
Great American Bancorp, Inc.
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(Registrant)
Date July 19, 1996 /s/ Jane F. Adams
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Jane F. Adams
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit
No. Description Method of Filing
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20 News Release Filed herewith
Dated 7/18/96
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Exhibit 20
NEWS RELEASE
FOR IMMEDIATE RELEASE
July 18, 1996
Contact: Ms. Jane F. Adams
Chief Financial Officer and Investor Relations
(217) 356-2265
GREAT AMERICAN BANCORP, INC.
COMPLETES COMMON STOCK REPURCHASE PROGRAM
Champaign, Illinois, July 18, 1996 - Great American Bancorp, Inc.
(NASDAQ/GTPS). Great American Bancorp, Inc., the holding company for
First Federal Savings Bank of Champaign-Urbana, Champaign, Illinois,
stated that it has completed its repurchase of 102,638 shares of its
common stock.
George R. Rouse, President and Chief Executive Officer of Great American
Bancorp, Inc. said that the Company has completed the stock repurchase
program previously approved by the Company's Board of Directors to
repurchase up to five percent of the Companys 2,052,750 outstanding shares.
Great American Bancorp, Inc. completed its offering of common stock in
connection with the conversion of First Federal Savings Bank of Champaign-
Urbana from a federally chartered mutual savings bank to a federally
chartered stock savings bank on June 30, 1995. Great American Bancorp, Inc.
sold 2,052,750 shares at $10.00 per share, yielding net proceeds of $19.4
million for the Company. On July 18, 1996, the stock closed at $13 7/8 per
share, up 39% from its initial public offering price.
First Federal Savings Bank of Champaign-Urbana is head quartered in Champaign,
Illinois, and operates through its administrative/branch office in Champaign
and through two other full service branches located in Champaign and Urbana.
The Banks deposits are insured by the Federal Deposit Insurance Corporation.
Great American Bancorp, Inc. stock is traded on the NASDAQ National Market
System under the symbol "GTPS."
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GTPS-pr-96-08
