Great Western Bank (1907–present)

Great Western Bank
Public
Traded as NYSE: GWB
S&P 600 Component
Industry Financial services
Founded 1935 (1935)
Headquarters Sioux Falls, South Dakota, United States
Key people
 Ken Karels, President & CEO
Products Financial services
Total assets $11.99 billion
Number of employees
 Nearly 1,500[1]
Parent Great Western Bancorp Inc.
Website www.greatwesternbank.com[2]

Great Western Bank, whose holding company is Great Western Bancorp, Inc. (NYSE: GWB), is a regional bank based in Sioux Falls, South Dakota, United States. There are over 170 locations in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. Great Western Bank currently has assets of $11.99 billion.[3]

History

Great Western Bank's charter began in 1935.[4]

In October 2014, the bank's former parent National Australia Bank (NAB) began to release its holding through an initial public offering.[5] NAB sold its final listing in July 2015.[6]

In 2010, Great Western took over the failed Lincoln, Nebraska-based TierOne Bank.[7] In November 2015, Great Western announced the acquisition of Sioux Falls-based HF Financial Corp., the parent company of Home Federal Bank.[8]

References

  1. ↑ "Fact Sheet".
  2. ↑ http://ir.greatwesternbank.com/Cache/1500089828.PDF?Y=&O=PDF&D=&fid=1500089828&T=&iid=4557904
  3. ↑ https://www.greatwesternbank.com/about-us/our-story
  4. ↑ "Our history".
  5. ↑ Yeates, Clancy (17 July 2015). "Why National Australia Bank's selling final stake in Great Western Bank". Sydney Morning Herald. Retrieved 14 February 2016.
  6. ↑ "NAB sells remaining Great Western stake". Sky News Australia. 29 July 2015. Retrieved 14 February 2016.
  7. ↑ "Feds close TierOne Bank; S.D. bank assumes deposits". Lincoln Journal Star. June 5, 2010. Retrieved March 7, 2017.
  8. ↑ "Great Western Bank to acquire Home Federal Bank". Argus Leader. November 30, 2015. Retrieved March 7, 2017.
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