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Ottawa Bancorp Inc - OTTW STOCK NEWS

Welcome to our dedicated news page for Ottawa Bancorp (Ticker: OTTW), a resource for investors and traders seeking the latest updates and insights on Ottawa Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ottawa Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ottawa Bancorp's position in the market.

Rhea-AI Summary
Ottawa Bancorp, Inc. appoints Mark D. Alcott to its Boards of Directors under a standstill agreement with the Stilwell Group. The agreement includes share repurchase commitments and restrictions on the Stilwell Group's actions. The Company aims to enhance stockholder value through capital management strategies.
Rhea-AI Impact
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End-of-Day
-0.45%
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Rhea-AI Summary
Ottawa Bancorp, Inc. (OTTW) declares a quarterly cash dividend of $0.11 per share, showcasing financial stability and commitment to shareholders.
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End-of-Day
-1.51%
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dividends
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Rhea-AI Summary
Ottawa Bancorp, Inc. announced the retirement of Arthur Mueller from the Board of Directors and the appointment of Greg Mueller as Director. The Company reported a net income of $0.2 million for the three months ended December 31, 2023, compared to $0.5 million for the same period in 2022. For the year ended December 31, 2023, net income was $1.7 million, down from $2.5 million in 2022. The loan portfolio increased to $312.2 million, but non-performing loans rose to $4.8 million. The Company faced challenges due to the higher interest rate environment and a decline in mortgage banking operations.
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End-of-Day
-2.51%
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Rhea-AI Summary
Ottawa Bancorp, Inc. (OTCQX: OTTW) has scheduled its annual meeting of shareholders for May 15, 2024. The meeting will address important decisions and updates for the company and its stakeholders.
Rhea-AI Impact
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End-of-Day
2.67%
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Rhea-AI Summary
Ottawa Bancorp, Inc. (OTTW) Declares Quarterly Cash Dividend of $0.11 per Share
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Rhea-AI Summary
Ottawa Bancorp, Inc. (OTCQX: OTTW) announced net income of $0.5 million for Q3 2023, compared to $0.3 million for Q3 2022. The loan portfolio increased to $313.5 million, and non-performing loans rose to $4.8 million. The company's President and CEO, Craig Hepner, highlighted the impact of the higher interest rate environment on earnings and liquidity.
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Rhea-AI Summary
Ottawa Bancorp declares quarterly cash dividend of $0.11 per share
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-0.46%
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-0.86%
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Ottawa Bancorp Inc

OTC:OTTW

OTTW Rankings

OTTW Stock Data

28.59M
2.36M
0.16%
Savings Institutions
Finance and Insurance
Link
United States
Ottawa

About OTTW

ottawa bancorp, inc. operates as the holding company for ottawa savings bank, a savings bank that provides various financial services to individual and corporate customers in illinois. the company's deposit products include checking, money market, regular savings, club savings, certificate of deposit, and various retirement accounts. its loan portfolio comprises one-to-four family residential real estate mortgage loans and home equity lines of credit; multi-family, non-residential real estate, agricultural real estate, commercial, and construction loans; and consumer loans comprising auto, share, and personal unsecured loans. the company was formerly known as ottawa savings bancorp, inc. and changed its name to ottawa bancorp, inc. in october 2016. ottawa bancorp, inc. was founded in 1871 and is headquartered in ottawa, illinois.