First Ottawa Bancshares (FOTB)

First Ottawa Bancshares, Inc. is a bank holding company for its wholly-owned subsidiary, First National Bank of Ottawa (the Bank). The Company was organized as a Delaware corporation in 1999. The Company conducts a general banking business embracing most of the services, both commercial and consumer, which banks may lawfully provide, including the following principal services: the acceptance of deposits for demand, savings, and time accounts and the servicing of such accounts; commercial, agricultural, consumer, and real estate lending, including installment loans, personal lines of credit, and overdraft protection; trust operations; farm management; safe deposit operations; and an extensive variety of additional services tailored to the needs of individual customers, including the sale of traveler's checks, cashier's checks, and foreign currency and other special services. Loans, both commercial and consumer, are provided on either a secured or unsecured basis to corporations, partnerships, and individuals. Commercial lending covers such areas as business, industry, capital, agriculture, inventory, and real estate, with the latter including residential properties. Consumer loans, including installment and other types of loans, are made for a variety of purposes, including automobile purchases, recreational vehicle purchases, and consumer goods. The Company makes consumer loans for various purposes, including personal, family, and nonbusiness reasons such as automobile and recreational vehicle purchases, on both a direct and indirect basis. The Company's primary real estate lending consists of commercial loans with a small portion in residential and agricultural real estate loans. Financial institutions, their holding companies and their affiliates are extensively regulated under federal and state law.