GREAT AMERICAN BANCORP INC
8-K, 2000-08-29
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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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)      August 24, 2000
                                                   -------------------

                      GREAT AMERICAN BANCORP, INC.
----------------------------------------------------------------------
        (Exact name of registrant as specified in its charter)


        Delaware                  000-25808           52-1923366
----------------------------------------------------------------------
(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
----------------------------------------------------------------------
(Address of principal executive offices)                (Zip Code)

                           (217) 356-2265
----------------------------------------------------------------------
         (Registrant's telephone number, including area code)

<PAGE>

Item 5.  Other Events.

The Registrant incorporates by reference the press release dated August
24, 2000 attached as Exhibit 20, relating to the completion of a 5% common
stock repurchase program.

Item 7.  Financial Statements and Exhibits.

The Registrant incorporates by reference the press release dated August
24, 2000 attached as Exhibit 20, relating to the completion of a 5% common
stock repurchase program.



<PAGE>


                                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.
                                     ----------------------------
                                              (Registrant)

Date     August 29, 2000              /s/ Jane F. Adams
    ---------------------------      ----------------------------
                                     Chief Financial Officer


<PAGE>



                            EXHIBIT INDEX
                        ---------------------

Exhibit
  No.                      Description               Method of Filing
----------------------------------------------------------------------
  20                       News Release              Filed herewith
                           Dated August 24, 2000


<PAGE>

Exhibit 20

NEWS RELEASE


FOR IMMEDIATE RELEASE
August 24, 2000

Contact:  Ms. Jane F. Adams
          Chief Financial Officer and Investor Relations
          (217) 356-2265

                       GREAT AMERICAN BANCORP, INC.
               Completes 5% Common Stock Repurchase Program

Champaign, Illinois - Great American Bancorp, Inc. (Nasdaq NMS/GTPS), the
holding company for First Federal Savings Bank of Champaign-Urbana, announced
that it has completed the repurchase of 5% of its outstanding common stock, or
55,184 shares, at an average price of $14.10 per share.  The Company's Board
of Directors had previously authorized the repurchase of up to 5% of the
Company's 1,103,684 outstanding shares.

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 Bank, through its subsidiary, Park Avenue Service Corporation, also
provides full service brokerage activities through a third-party broker-
dealer, Scout Brokerage Services, Inc., and sells insurance products through
the GTPS Insurance Agency.  The Bank's 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."

                              ###
                          GTPS-pr-00-07




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