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Stock Transaction Information
As of Tuesday October 11th, 2016 the Ottawa Savings Bank Stock Information center has closed. Ottawa Bancorp, Inc. common stock has commenced trading under the symbol “OTTW” on Wednesday October 12th, 2016.
As previously reported in the Company’s press release (found here) dated October 11th, 2016, a total of 2,383,950 shares of common stock were sold in the subscription and community offerings at a price of $10.00 per share. Direct Registration System (DRS) statements reflecting shares purchased in the offering, interest and refund checks, if any, were mailed on or about October 12th.
As part of the conversion, each share of former Ottawa Savings Bancorp’s common stock held by public shareholders at the time of closing has been converted into the right to receive 1.1921 shares of new Ottawa Bancorp, Inc. Shareholders holding their shares in street name will receive their shares of new Ottawa Bancorp, Inc. common stock within their accounts. Shareholders holding shares in certificated form were mailed a letter of transmittal on or about October 12th, 2016 containing instructions as to how to exchange their shares.
If you have additional questions please call 1-800-491-9400.
The Escalator CD offers the flexibility you seek in this challenging rate environment in that you can add a one-time deposit up to the opening amount after six months or the ability to withdraw the funds without penalty at each six month interval.
The 26 month CD is a shorter term CD with a fabulous rate. Additionally, you can “bump” the rate one time during the term of this product if the rate has increased. Also, you can “build” by adding to it one time up to the amount of the original CD amount.
Save money on products and services you use everyday like groceries, prescriptions, dining, entertainment and much more!
Ottawa Savings Bank makes it easy to apply for your mortgage online so you can quickly get the money you need!
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If you’re car shopping, Ottawa Savings Bank and Twin Oaks Savings Bank have great rates and financing up to 72 months! Call any of our offices for more information.