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) December 10, 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)
Item 5. Other Events.
The Registrant incorporates by reference the press release dated
December 10, 1996 attached as Exhibit 20, relating to the Registrant
receiving regulatory clearance to purchase up to 5% or 92,630 shares
of its outstanding common stock.
Item 7. Financial Statements and Exhibits.
The Registrant incorporates by reference the press release dated
December 10, 1996 attached as Exhibit 20, relating to the Registrant
receiving regulatory clearance to purchase up to 5% or 92,630 shares
of its outstanding common stock.
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 December 10, 1996 /s/ Jane F. Adams
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Jane F. Adams
Chief Financial Officer
EXHIBIT INDEX
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Exhibit
No. Description Method of Filing
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20 News Release Filed herewith
Dated 12/10/96
Exhibit 20
NEWS RELEASE
Great American Bancorp, Inc.
Holding Company for First Federal Savings Bank of Champaign-Urbana
FOR IMMEDIATE RELEASE
December 10, 1996
Contact: Ms. Jane F. Adams
Chief Financial Officer and Investor Relations
(217) 356-2265
GREAT AMERICAN BANCORP, INC. TO REPURCHASE COMMON STOCK
Champaign, Illinois, December 10, 1996 - Great American Bancorp, Inc.
(NASDAQ/GTPS). Great American Bancorp, Inc., the holding company for
First Federal Savings Bank of Champaign-Urbana, Champaign, Illinois,
has announced that it has received regulatory clearance to purchase up
to 5% or 92,630 shares of its outstanding common stock.
The Board of Directors of the Company previously authorized, subject
to regulatory clearance, the repurchase of up to five percent of the
Company's 1,852,606 outstanding shares. Stock repurchased under the
repurchase program will be made in open market transactions, subject
to the availability of stock, and will commence as soon as practicable
after the release of the Company's earnings for the quarter and year
ended December 31, 1996.
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's deposits are insured by
the Federal Deposit Insurance Corporation.
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