Meet the Ottawa Savings Bank Board of Directors
For information on the members, please scroll down.
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Craig Hepner President and Chief Executive Officer has served in these positions with the Bank and Ottawa Bancorp since August, 2019. Prior to assuming these roles, Mr. Hepner served as Executive Vice President and Chief Operating Officer of the Bank since 2014 and the Company since its formation in 2016. Previously, Mr. Hepner served as President, Chief Executive Officer and as a Director of Twin Oaks Savings Bank from January, 2001 until the Bank’s acquisition of Twin Oaks in December, 2014. Mr. Hepner 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. Mr. Hepner also represents the Bank in its membership in the Illinois Bankers Association, serving as a trustee and Vice Chairman of the IBA Health Insurance Trust. He also serves as the Treasurer of the Marseilles Elementary School District #150. Mr. Hepner holds an undergraduate degree in accountancy from Bradley University.
Thomas M. Adler has served as President of Adler Consulting LLC, a consulting firm, since April 2014. Prior to that time, Mr. Adler had served as Vice President of Quality Technology International, a specialty grains and animal feed ingredients company, since 2003. Prior to that he held several positions in DuPont’s Agricultural business. Mr. Adler 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. In addition, Mr. Adler is a former Director of Twin Oaks Savings Bank having served in that position from 2001 until they were acquired by the Bank in December 2014, and provides the Board with valuable insight regarding the markets in which Twin Oaks Savings Bank formerly operated.
John M. Armstrong is owner of Armstrong Wealth Management in Ottawa, Illinois. As a Certified Financial Planner and a member of the AICPA, Mr. Armstrong provides the Board of Directors with experience regarding accounting and financial matters. Additionally, as a lifelong resident of Ottawa, Mr. Armstrong has been 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 retired from LaSalle County Housing Authority as of December 31, 2005. In addition, he is the former owner and president of a package store in Ottawa, Illinois. As a life-long resident of Ottawa, Illinois who is actively involved in various community organizations, like the Chamber of Commerce, Mr. Ferrero has developed extensive ties to the market area in which the Bank and Company operate. Additionally, Mr. Ferrero’s education in finance and experience as a small business owner have provided him with financial experience and expertise that is valuable to the Board of Directors.
Keith F. Johnson is the former owner of Johnson Pattern and Machine Co. in Ottawa, Illinois. As a lifelong resident of Ottawa, Illinois who is actively involved in various community organizations, Mr. Johnson has in-depth knowledge of the market area in which the Bank and Company operate. Mr. Johnson’s 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.
Jon Kranov served as President & Chief Executive Officer of the Bank from 2010 and Ottawa Bancorp since its formation in 2016 until his retirement in August, 2019. He is currently Chairman of Ottawa Bancorp’s Board of Directors. During his 42-year career with the Bank, Mr. Kranov served in a number of other positions including Senior Vice President and Chief Financial Officer. His experience in his role of Chief Financial Officer and his knowledge of the various financial and accounting issues facing public companies in the banking sector provide valuable insight into the business and operation of the Bank and Company. Mr. Kranov has an undergraduate degree in Accountancy from Western Illinois University, and he holds a Masters Degree from Lewis University.
Arthur C. Mueller is the President of Mueller Funeral Homes, Inc. As a life-long and sixth 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, the Chamber of Commerce and as a former Campaign Chairman of the United Way. He currently serves as a Chamber Ambassadors and is 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.