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Pontiac Bancorp to buy Ottawa Bancorp for $45.5 million in cash
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Pontiac Bancorp to buy Ottawa Bancorp for $45.5 million in cash
  • Pontiac Bancorp agreed to buy Ottawa Savings Bancorp in an all-cash deal valued at USD 45.5 million.
  • Ottawa shareholders expected to receive USD 19.78 per share, subject to adjustment under the merger agreement.
  • Closing targeted for Q1 2027; OSB Community Bank to merge into Bank of Pontiac and operate under the Bank of Pontiac name.
  • As of June 30, 2026, the combined bank would have about USD 1.5 billion in assets and 18 offices.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ottawa Savings Bancorp Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608201320PRIMZONEFULLFEED9813757) on August 20, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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