Pontiac Bancorp, Inc. has agreed to acquire Ottawa Bancorp, Inc.

OTTAWA, Ill., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Pontiac Bancorp, Inc. (“Pontiac”), the holding company of Pontiac-based Bank of Pontiac, and Ottawa Bancorp, Inc. (“Ottawa Bancorp”), the holding company of Ottawa-based OSB Community Bank (“OSB”), have jointly announced today that they have entered into an agreement and plan of merger whereby Pontiac will acquire Ottawa Bancorp. Following the closing of the transaction, which is anticipated in the first quarter of 2027, Pontiac will merge OSB with and into Bank of Pontiac and the surviving bank will operate under the Bank of Pontiac name.