Great American Bancorp, Inc. (the "Company") was organized in 1995 to be the savings and loan holding company of First Federal Savings Bank of Champaign-Urbana, Illinois, (the "Bank") in connection with the Bank's conversion from a federally chartered mutual savings bank to a federally chartered stock savings bank.

The Company's assets at December 31, 2003 before consolidation, totaled $17.83 million and consisted primarily of the investment in the Bank of $12.24 million, multi-family real estate loans of $4.11 million, one-to-four- family mortgage loans of $225,000, commercial loans totaling $150,000, consumer loans of $100,000 and cash and due...