GreatAmerica To Acquire Heritage Bank and Establish GreatAmerica Bank National Association
July 20, 2025
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.
- Buyers
- GreatAmerica Holdings, GreatAmerica Financial Services Corporation
- Targets
- Heritage Bank
- Industry
- Financial Services
- Location
- Iowa, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Heritage Bancshares to Acquire Fidelity State Bank and Trust Company
December 13, 2024
Financial Services
Heritage Bancshares, Inc. (Heritage Bank) and Fidelity Kansas Bankshares, Inc. jointly announced the signing of a stock purchase agreement under which Heritage Bancshares will acquire Fidelity State Bank and Trust Company. Following closing, Fidelity will be merged into Heritage Bank as the surviving entity, which is expected in Q2 2025 subject to customary approvals.
-
VyStar Credit Union Acquires Heritage Southeast Bank
March 31, 2021
Financial Services
VyStar Credit Union signed a Definitive Purchase and Assumption Agreement to acquire Heritage Southeast Bank (HSB), a state-chartered bank headquartered in Jonesboro, Georgia. The deal will expand VyStar's branch network and membership in Georgia and is subject to shareholder and regulatory approvals, bringing VyStar's assets to approximately $12.5 billion when finalized.
-
The First Bancshares Acquires Heritage Southeast Bancorporation
July 27, 2022
Financial Services
The First Bancshares, Inc. executed a definitive merger agreement to acquire Heritage Southeast Bancorporation, Inc. (HSBI). Upon closing, Heritage Southeast Bank will merge into The First Bank, expanding the acquirer’s presence in Georgia and Florida.
-
UMB Financial Corporation Acquires Heartland Financial USA, Inc.
April 29, 2024
Financial Services
UMB Financial Corporation completed its previously announced all-stock acquisition of Heartland Financial USA, Inc., creating a larger regional bank with approximately $68 billion in assets and expanded operations across 13 states. The deal (announced at an implied value of about $2.0 billion and using a 0.55 share exchange ratio) increases UMB's private wealth AUM by roughly 31–32%, adds more than 100 branches and ATMs, and brings HTLF operations onto UMB platforms before full brand conversion.
-
Prosperity Bancshares To Acquire American Bank Holding Corporation (American Bank)
January 1, 2026
Financial Services
Prosperity Bancshares, Inc. agreed to acquire American Bank Holding Corporation and American Bank, N.A. in an all-stock transaction valued at approximately $321.5 million. The merger was initially expected to close in late 2025 or early 2026, and it was ultimately completed effective January 1, 2026.
-
Heritage Financial Corporation Completes Acquisition of Olympic Bancorp, Inc. (and Kitsap Bank)
January 31, 2026
Financial Services
Heritage Financial Corporation completed its previously announced merger of Olympic Bancorp, Inc. with and into Heritage, effective January 31, 2026. As part of the transaction, Kitsap Bank merged with and into Heritage Bank and the acquired branches continued operating under the Kitsap Bank name.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.