Great Western Bancorp, Inc. Announces the Launch of an Initial Public Offering

SIOUX FALLS, S.D.--()--Great Western Bancorp, Inc. (GWB) announced today the launch of an initial public offering of 16,000,000 shares, which represents 27.6% of its outstanding common stock. The shares will be offered by an affiliate of National Australia Bank. The initial public offering price is currently estimated to be between US$21 and US$24. The selling shareholder will also grant the underwriters a 30-day option to purchase up to an additional 2,400,000 shares of GWB’s common stock.

GWB has been approved to list the common stock on the New York Stock Exchange under the symbol “GWB”. Deutsche Bank Securities and BofA Merrill Lynch are acting as joint book-running managers and underwriters for the offering.

GWB will be the holding company for Great Western Bank, a full-service regional bank focused on relationship-based business and agribusiness banking. The bank services its customers through 162 branches in seven states: South Dakota, Iowa, Nebraska, Colorado, Arizona, Kansas and Missouri.

The offering will be made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, via telephone: (800) 503-4611 or via email: prospectus.cpdg@db.com; and BofA Merrill Lynch, Attention: Prospectus Department, 2222 Broadway, New York, NY 10038, via email: dg.prospectus_requests@baml.com.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Contacts

Great Western Bancorp, Inc.
Media Contact:
Cheryl Olson, 605-336-5681
Cheryl.Olson@GreatWesternBank.com

Release Summary

Great Western Bancorp, Inc. (GWB) announced today the launch of an initial public offering of 16,000,000 shares, which represents 27.6% of its outstanding common stock.

Contacts

Great Western Bancorp, Inc.
Media Contact:
Cheryl Olson, 605-336-5681
Cheryl.Olson@GreatWesternBank.com