{"id":385527,"date":"2020-11-19T16:04:21","date_gmt":"2020-11-19T21:04:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385527"},"modified":"2020-11-19T16:04:21","modified_gmt":"2020-11-19T21:04:21","slug":"ottawa-bancorp-inc-approves-stock-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ottawa-bancorp-inc-approves-stock-repurchase-program\/","title":{"rendered":"OTTAWA BANCORP, INC. APPROVES STOCK REPURCHASE PROGRAM"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">\u00a0 \u00a0 \u00a0 \u00a0Ottawa, Illinois, Nov.  19, 2020  (GLOBE NEWSWIRE) &#8212; Ottawa Bancorp, Inc. (OTCQX: OTTW) (the \u201cCompany\u201d), the holding company for Ottawa Savings Bank, FSB (the \u201cBank\u201d), announced today that it has approved a stock repurchase program authorizing the purchase of 297,047 shares, representing 10% of the Company\u2019s outstanding shares of common stock.\u00a0 As of September 30, 2020, the Company has repurchased a total of 524,341 shares of its common stock at an average price of $12.93 per share as part of the stock repurchase program approved on November 20, 2019 and its previous stock repurchase programs that expired in November 2018 and November 2019. \u00a0Repurchases will be conducted through open market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions.\u00a0 Repurchases will be made from time to time depending on market conditions and other factors.\u00a0<\/p>\n<p align=\"justify\">\n        <strong>About Ottawa Bancorp, Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">\u00a0 \u00a0 \u00a0 Ottawa Bancorp, Inc. is the holding company for Ottawa Savings Bank, FSB which provides various financial services to individual and corporate customers in the United States. The Bank offers various deposit accounts, including checking, money market, regular savings, club savings, certificate, and various retirement accounts. Its loan portfolio includes one-to-four family residential mortgage, multi-family and non-residential real estate, commercial, and construction loans as well as auto loans and home equity lines of credit. Ottawa Savings Bank, FSB was founded in 1871 and is headquartered in Ottawa, Illinois. For more information about the Company and the Bank, please visit <u>www.ottawasavings.com<\/u>.<\/p>\n<p align=\"justify\">\n        <strong>Cautionary Statement Regarding Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">\u00a0 \u00a0 \u00a0 The foregoing material may contain forward-looking statements concerning the financial condition, results of operations and business of the Company.\u00a0\u00a0We caution that such statements are subject to a number of uncertainties and actual results could differ materially and, therefore, readers should not place undue reliance on any forward-looking statements.\u00a0\u00a0The Company does not undertake, and specifically disclaims, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTM2NiMzODM2MTc5IzIwODYxOTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/fe103cff-4d90-4f43-b2dd-8bd546d434e4\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Contact:\u00a0\u00a0\u00a0\u00a0\u00a0\r\n\u00a0\u00a0\u00a0\u00a0\r\nCraig M. Hepner\r\nPresident and Chief Executive Officer\r\n(815) 366-5437<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 \u00a0 \u00a0 \u00a0Ottawa, Illinois, Nov. 19, 2020 (GLOBE NEWSWIRE) &#8212; Ottawa Bancorp, Inc. (OTCQX: OTTW) (the \u201cCompany\u201d), the holding company for Ottawa Savings Bank, FSB (the \u201cBank\u201d), announced today that it has approved a stock repurchase program authorizing the purchase of 297,047 shares, representing 10% of the Company\u2019s outstanding shares of common stock.\u00a0 As of September 30, 2020, the Company has repurchased a total of 524,341 shares of its common stock at an average price of $12.93 per share as part of the stock repurchase program approved on November 20, 2019 and its previous stock repurchase programs that expired in November 2018 and November 2019. \u00a0Repurchases will be conducted through open market purchases, which may include purchases under a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ottawa-bancorp-inc-approves-stock-repurchase-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;OTTAWA BANCORP, INC. APPROVES STOCK REPURCHASE PROGRAM&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-385527","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OTTAWA BANCORP, INC. APPROVES STOCK REPURCHASE PROGRAM - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ottawa-bancorp-inc-approves-stock-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OTTAWA BANCORP, INC. APPROVES STOCK REPURCHASE PROGRAM - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"\u00a0 \u00a0 \u00a0 \u00a0Ottawa, Illinois, Nov. 19, 2020 (GLOBE NEWSWIRE) &#8212; Ottawa Bancorp, Inc. (OTCQX: OTTW) (the \u201cCompany\u201d), the holding company for Ottawa Savings Bank, FSB (the \u201cBank\u201d), announced today that it has approved a stock repurchase program authorizing the purchase of 297,047 shares, representing 10% of the Company\u2019s outstanding shares of common stock.\u00a0 As of September 30, 2020, the Company has repurchased a total of 524,341 shares of its common stock at an average price of $12.93 per share as part of the stock repurchase program approved on November 20, 2019 and its previous stock repurchase programs that expired in November 2018 and November 2019. \u00a0Repurchases will be conducted through open market purchases, which may include purchases under a &hellip; Continue reading &quot;OTTAWA BANCORP, INC. APPROVES STOCK REPURCHASE PROGRAM&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ottawa-bancorp-inc-approves-stock-repurchase-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-19T21:04:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4OTM2NiMzODM2MTc5IzIwODYxOTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ottawa-bancorp-inc-approves-stock-repurchase-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ottawa-bancorp-inc-approves-stock-repurchase-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"OTTAWA BANCORP, INC. 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(OTCQX: OTTW) (the \u201cCompany\u201d), the holding company for Ottawa Savings Bank, FSB (the \u201cBank\u201d), announced today that it has approved a stock repurchase program authorizing the purchase of 297,047 shares, representing 10% of the Company\u2019s outstanding shares of common stock.\u00a0 As of September 30, 2020, the Company has repurchased a total of 524,341 shares of its common stock at an average price of $12.93 per share as part of the stock repurchase program approved on November 20, 2019 and its previous stock repurchase programs that expired in November 2018 and November 2019. \u00a0Repurchases will be conducted through open market purchases, which may include purchases under a &hellip; Continue reading \"OTTAWA BANCORP, INC. 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