GWB Internal party to celebrate 4th anniversary since IPO

Happy 4th Anniversary!

By Ken Karels, Chairman & CEO

Looking back this time four years ago I had the privilege of ringing the bell at the New York Stock Exchange as Great Western Bancorp, Inc. officially became a publicly traded company. It’s hard to imagine then the changes and growth that would transpire in the years to come. To mark the four-year anniversary of our IPO on the NYSE, we couldn’t be happier celebrating with all of our stakeholders. I’d like to highlight a few milestones in observance of our anniversary.

GWB's IPO on the NYSE

Delivering value to our shareholders has been an important mission from the beginning. Since our Initial Public Offering on October 15, 2014 we have seen our stock price more than double from the $18.00 IPO price to a 52 week range high of $46.03. We continue to lead our peers in critical management performance areas of operating efficiency, Earnings Per Share growth and Tangible Book Value accretion. 

In January 2018, we announced additional investments in our employees and community reinvestment as a result of the Tax Cuts and Jobs Act. Those investments include raising the minimum wage to $15, a special, one-time bonus or wage increase for more than 80% of our workforce, enhancements to health care offerings and the doubling of our annual contribution to the Making Life Great Grants program. 

We’ve expanded our market presence through both organic growth and acquisitions aligned to strategy, enhanced our product offerings for our customers and continued to invest in technology to keep up with the rapid changes facing every industry in the 21st century.

No doubt, our success can be traced to the hard work and dedication of our 1,600+ employees across our nine-state footprint. This successful period of growth and transition can be seen in the pride of all Great Western Bank employees who bring their best each day, making significant contributions toward achieving our vision of becoming one of the leading regional banks in the United States. 

Ken Karels

Chairman and CEO

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