Great American Bancorp, Inc. is a thrift holding company. The Company's principal activity is the ownership and management of its subsidiary, First Federal Savings Bank of Champaign-Urbana (the Bank). The Bank is primarily engaged in providing a full range of banking and financial services to individual and corporate customers in Champaign County, Illinois. The Bank also provides full-service brokerage activities through a third-party broker-dealer and is engaged in the sale of tax deferred annuities. The Bank's subsidiary, Park Avenue Service Corporation (PASC), offers insurance services to customers located primarily in Illinois. PASC through its division, GTPS Insurance Agency, (the Agency), sells a variety of insurance products to both individuals and businesses, including life, health, auto, property and casualty insurance. The Company grants mortgage, commercial and consumer loans to customers.