Join our mailing list to receive OSB news on events, services and offers.

The Board

Meet the Ottawa Savings Bank Board of Directors
For information on the members, please scroll down.

If you have any questions or need assistance, please don’t hesitate to contact us.

Jon Kranov President and Chief Executive Officer

Jon Kranov has been employed with Ottawa Savings Bank since 1978 and has served as President of Ottawa Savings Bank, Ottawa Savings Bancorp and Ottawa Savings Bancorp MHC since May 2010. He has been a Director since May 2010 and currently sits as Chairman of the Board. Mr. Kranov served as the Senior Vice President and Chief Financial Officer of the Bank from 1996 until May 2010 and 1996 until December 2011, respectively. He served in the positions of Senior Vice President and Chief Financial Officer of Ottawa Savings Bancorp and Ottawa Savings Bancorp MHC from 2005 until May 2010 and 2005 until December 2010, respectively.

Mr. Kranov’s involvement in the Bank’s and Company’s local community affords the Board valuable insight regarding the business and operation of the Bank and the Company. His past experience as Chief Financial Officer and knowledge of the various financial and accounting issues facing public companies in the banking sector, as well as his long history with the Bank and the Company, position him well as our President and Chief Executive Officer.

Craig Hepner Executive Vice President & Chief Operating Officer

Craig Hepner began his banking career in 1991 and became part of the Ottawa Savings Bank team in January, 2015 as a result of the merger with Twin Oaks Savings Bank.  Prior to the merger, Mr. Hepner served as President and CEO of Twin Oaks as well as a member of its Board of Directors, positions he held since 2001.  In addition to his seat on the Board of Directors, Mr. Hepner serves as Executive Vice President and Chief Operating Officer of the Bank and Company.  

Mr. Hepner has a great deal of community banking and leadership experience, and as a lifelong resident of the Illinois Valley, he has extensive knowledge of the markets and the communities which the Bank and Company serve.  Throughout his career, he has actively participated in several local organizations and charitable fundraising campaigns. He represents the Bank in its membership in the Illinois League of Financial Institutions, serving as a member of the Education Committee and as a Trustee of the Health Insurance Trust.

Thomas M. Adler

Thomas M. Adler has served as President of Adler Consulting LLC, since April 2014.  Prior to that time, Mr. Adler had served as Vice President of Quality Technology International, a specialty grains and animal feed ingredient company since 2003.  Before joining QTI, he held several positions with DuPont’s Agricultural business.  His experiences include sales, compliance, technology, and supply chain management.  Prior to the merger with Ottawa Savings Bank, Mr. Adler had served on the Board of Directors of Twin Oaks Savings Bank since 2001.

John M. Armstrong

John M. Armstrong is a Principal at Armstrong & Associates, a registered investment advisory firm, in Ottawa, Illinois. He has been a Director with Ottawa Savings Bank since 2012. As a Certified Public Accountant and Certified Financial Planner, Mr. Armstrong provides the Board of Directors with experience regarding accounting and financial matters. He is actively involved in various community organizations, having served on the Board of the Ottawa Elementary School and the Illinois Valley Fine Arts Trust and as a committee member with the United Way.

James A. Ferrero

James A. Ferrero retired from LaSalle County Housing Authority in 2005. He currently is the owner and president of a package store in Ottawa, Illinois, involved with the Chamber of Commerce and has been a Director with Ottawa Savings Bank since 2000. Mr. Ferrero has developed extensive ties to the market area in which the Bank and Company operate. His education in finance and experience as a small business owner has provided him with financial experience and expertise that is valuable to the Board of Directors.

Keith F. Johnson

Keith F. Johnson is the owner of Johnson Pattern and Machine Co. in Ottawa, Illinois. He has been a Director with Ottawa Savings Bank since 2001. Mr. Johnson has in-depth knowledge of the market area in which the Bank and Company operate. His service as an elected Commissioner of our local government has provided him with leadership and managerial skills, which are valuable to the Board of Directors.

William Kuiper

William Kuiper owns Seals Campbell Funeral Home and has been a member the Marseilles community for thirty-five years.  He is a graduate of the University of Minnesota with a BS degree and has been active in the First Congregational Church of Marseilles, the Lions Club, Marseilles Rotary, the Marseilles Nursing Service and the Middle East Conflicts Wall.

Arthur C. Mueller

Arthur C. Mueller is the President of Mueller Funeral Homes, Inc. He has been a Director with Ottawa Savings Bank since 1987. As a life-long and 6th generation resident of LaSalle County, Mr. Mueller has been actively involved in various community organizations, having served on the Board of Ottawa Regional Hospital and Healthcare Center and the Chamber of Commerce and as a member of Rotary International. With five funeral home locations in LaSalle County, Mr. Mueller has extensive ties to the Bank’s and the Company’s market area, as well as valuable leadership experience that he brings to the Board of Directors.

Daniel J. Reynolds

Daniel J. Reynolds is the co-owner of H.R. Imaging, Inc., a multi-state photography business headquartered in Ottawa, Illinois. As a life-long resident of Ottawa, Illinois who is actively involved in various community organizations, Mr. Reynolds has in-depth knowledge of the Bank’s and the Company’s market area. Additionally, Mr. Reynolds’ involvement in real estate development has given him knowledge of the local real estate industry, and his experience as a small business owner has given him organizational understanding and management expertise that he brings to the Board of Directors