GreatAmerica To Acquire Heritage Bank and Establish GreatAmerica Bank National Association

GreatAmerica Holdings agreed to acquire Heritage Bank, an Iowa state-chartered bank headquartered in Marion, Iowa. Following the acquisition, Heritage Bank will operate under a new name, GreatAmerica Bank National Association. GreatAmerica said the move is intended as strategic growth to combine its equipment-finance focus with the stability of an FDIC-insured bank and to offer a more comprehensive suite of financing options to small and medium-sized businesses.