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
Location
Iowa, United States
Transaction Type
Buyout

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