OTTAWA BANCORP, INC. ANNOUNCES COMPLETION OF STOCK REPURCHASE PROGRAM
Ottawa Bancorp (OTCQX: OTTW) has announced the completion of its previously announced stock repurchase program. The company successfully repurchased 127,332 shares of its outstanding common stock at an average price of $13.51 per share. The buyback was executed through OSB Community Bank, Ottawa Bancorp's holding company.
Ottawa Bancorp (OTCQX: OTTW) ha annunciato il completamento del suo programma di riacquisto di azioni precedentemente annunciato. L'azienda ha riacquistato con successo 127.332 azioni delle sue azioni ordinarie in circolazione a un prezzo medio di $13,51 per azione. Il buyback è stato eseguito tramite OSB Community Bank, la holding di Ottawa Bancorp.
Ottawa Bancorp (OTCQX: OTTW) ha anunciado la finalización de su programa de recompra de acciones previamente anunciado. La empresa compró con éxito 127,332 acciones de su capital social en circulación a un precio promedio de $13.51 por acción. La recompra se realizó a través de OSB Community Bank, la empresa matriz de Ottawa Bancorp.
오타와 뱅코프 (OTCQX: OTTW)는 이전에 발표된 주식 매입 프로그램의 완료를 발표했습니다. 이 회사는 평균 주당 $13.51의 가격으로 127,332주의 발행 보통주를 성공적으로 재매입했습니다. 매입은 오타와 뱅코프의 모회사인 OSB 커뮤니티 뱅크를 통해 실행되었습니다.
Ottawa Bancorp (OTCQX: OTTW) a annoncé l'achèvement de son programme de rachat d'actions précédemment annoncé. L'entreprise a racheté avec succès 127 332 actions de ses actions ordinaires en circulation à un prix moyen de 13,51 $ par action. Le rachat a été effectué par le biais de la OSB Community Bank, la société mère d'Ottawa Bancorp.
Ottawa Bancorp (OTCQX: OTTW) hat den Abschluss seines zuvor angekündigten Aktienrückkaufprogramms bekannt gegeben. Das Unternehmen hat erfolgreich 127.332 Aktien seiner ausstehenden Stammaktien zu einem Durchschnittspreis von 13,51 $ pro Aktie zurückgekauft. Der Rückkauf wurde über die OSB Community Bank, die Muttergesellschaft von Ottawa Bancorp, vorgenommen.
- Completed stock repurchase program of 127,332 shares
- Average repurchase price of $13.51 per share indicates company's commitment to shareholder value
- Buyback reduces shares outstanding, potentially increasing earnings per share
- Cash outflow of approximately $1.72 million for share repurchases
OTTAWA, Ill., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (OTCQX: OTTW) (the “Company”), the holding company for OSB Community Bank, announced today that the Company has completed its previously announced stock repurchase program. Under the program, the Company repurchased 127,332 shares of its outstanding common stock at an average price of
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. OSB Community 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.
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