Ottawa Bancorp, Inc. Announces Expiration of Stock Repurchase Program
03 12월 2022 - 6:05AM
Ottawa Bancorp, Inc. (OTCQX: OTTW) (the “Company”), the
holding company for OSB Community Bank, announced today that the
Company’s previously announced stock repurchase program expired on
November 29, 2022 in accordance with its terms. Under the stock
repurchase program, which was previously announced on December 1,
2021, the Company repurchased 254,457 shares of its outstanding
common stock at an average price of $14.24 per share.
About Ottawa Bancorp, Inc.
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. The Bank
offers various deposit accounts, including checking, money market,
regular savings, club savings, certificates of deposit, 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
the Company and OSB Community Bank, please visit
www.myosb.bank.
Cautionary Statement Regarding
Forward-Looking Statements
This news release contains forward-looking
statements within the meaning of the federal securities laws.
Statements in this release that are not strictly historical are
forward-looking and are based upon current expectations that may
differ materially from actual results. These forward-looking
statements, identified by words such as “will,” “expected,”
“believe,” and “prospects,” involve risks and uncertainties that
could cause actual results to differ materially from those
anticipated by the statements made herein. These risks and
uncertainties involve general economic trends and changes in
interest rates, increased competition, changes in consumer demand
for financial services, the possibility of unforeseen events
affecting the industry generally, the uncertainties associated with
newly developed or acquired operations, market disruptions and the
potential effects of the COVID-19 pandemic on the local and
national economic environment, on our customers and on our
operations as well as any changes to federal, state and local
government laws, regulations and orders in connection with the
pandemic. Ottawa Bancorp, Inc. undertakes no obligation to release
revisions to these forward-looking statements publicly to reflect
events or circumstances after the date hereof or to reflect the
occurrence of unforeseen events, except as required by applicable
law.
Contact: Craig Hepner
President and Chief Executive Officer
(815) 366-5437
Ottawa Savings Bancorp (NASDAQ:OTTW)
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Ottawa Savings Bancorp (NASDAQ:OTTW)
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부터 5월(5) 2023 으로 5월(5) 2024