OTTAWA BANCORP, INC. ANNOUNCES COMPLETION OF STOCK REPURCHASE PROGRAM

Rhea-AI Summary

Ottawa Bancorp (OTCQX: OTTW) has successfully completed its stock repurchase program, buying back 120,996 shares of its outstanding common stock at an average price of $15.01 per share.

The company operates through its subsidiary OSB Community Bank, which provides various financial services including deposit accounts and loans to individuals and corporate customers in the United States. Founded in 1871, OSB Community Bank offers checking, money market, savings, certificate, and retirement accounts, along with residential mortgage, commercial, and construction loans.

Positive

• Successfully completed stock repurchase program of 120,996 shares
• Average repurchase price of $15.01 per share demonstrates efficient capital allocation
• Shows management's confidence in company value and commitment to shareholder returns

Negative

• Reduction in cash reserves due to share repurchase program
• Decreased trading liquidity due to lower share count in the market

OTTAWA, Ill., Sept. 19, 2025 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (OTCQX: OTTW), the “Company”, the holding company for OSB Community Bank, announced today that the Company has completed its previously announced stock repurchase program. Under the program, the Company repurchased 120,996 shares of its outstanding common stock at an average price of $15.01 per share.

Ottawa Bancorp, Inc. is the holding company for OSB Community Bank which provides various financial services to individual and corporate customers in the United States. OSB Community 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. OSB Community Bank was founded in 1871 and is headquartered in Ottawa, Illinois. For more information about Ottawa Bancorp, Inc and OSB Community Bank, please visit www.myosb.bank.

Contact:   Craig M. Hepner
                  President and Chief Executive Officer
                  (815) 366-5437

FAQ

How many shares did Ottawa Bancorp (OTTW) repurchase in their completed buyback program?

Ottawa Bancorp repurchased 120,996 shares of its outstanding common stock under the completed buyback program.

What was the average price per share in Ottawa Bancorp's (OTTW) stock repurchase program?

The average price per share in the stock repurchase program was $15.01.

What services does OSB Community Bank offer to its customers?

OSB Community Bank offers various financial services including checking, money market, savings, certificate, and retirement accounts, as well as residential mortgage, commercial, and construction loans.

When was OSB Community Bank founded?

OSB Community Bank was founded in 1871 and is headquartered in Ottawa, Illinois.