Ottawa Bancorp

Ottawa Bancorp is a publicly traded banking company that operates primarily through its subsidiary, Ottawa Savings Bank. The Company was incorporated in May 2016 as the successor to Ottawa Savings Bancorp, Inc., following the completion of a second-step conversion on October 11, 2016. During this conversion, Ottawa Bancorp sold 2,383,950 shares of common stock at $10.00 per share, generating gross proceeds of $23.8 million, which included 190,716 shares purchased by the Bank's employee stock ownership plan. Capital also increased by an additional $126,000 from a cash contribution. As of December 31, 2019, Ottawa Bancorp had assets of $300.5 million. The Company is headquartered in Ottawa, Illinois, which is approximately 80 miles southwest of Chicago in north-central Illinois. Ottawa Savings Bank conducts its business from its main office in Ottawa, Illinois, and through branch offices located in Marseilles and Morris, Illinois. Additionally, it operates loan production offices in Shorewood, LaSalle, and Sandwich, Illinois. The Bank's market area encompasses LaSalle County, Grundy County, and portions of adjacent counties within Illinois.