OTTAWA BANCORP INC

What OTTAWA BANCORP INC does

Ottawa Bancorp Inc operates a privately held community bank under the trade name OSB Community Bank (Ottawa Savings Bank historically), serving individuals and small-to-medium-sized businesses in the Ottawa, Illinois micropolitan area. The bank was founded in 1871 and currently operates three physical branches in Ottawa, Marseilles, and Morris, Illinois, supported by a lean staff of 13 employees. Its product suite spans personal deposit products (checking, money market, savings, certificates of deposit), consumer and commercial lending (first-time homebuyer, auto, student, construction, mortgage, home equity, and business loans), and small-business services including business checking, cash management, commercial leasing, and business credit cards.

The technology backbone is a conventional digital banking stack: a web-based online banking portal (olb-ebanking.com), a mobile banking application with mobile wallet support, remote deposit capture delivered through FIS Global, and ancillary features such as a round-up savings program called 'mySpare Change.' The bank holds FDIC insurance under NMLS#403014 and ABA Routing #271972925 and operates as an Equal Housing Lender. There is no evidence of proprietary AI, machine learning, or data-driven capabilities.

The revenue model is a standard community bank model: net interest income from the spread between loan yields (mortgages, auto, business, construction, consumer) and deposit costs, supplemented by non-interest fee income from deposit accounts, digital and card services, and commercial leasing. Pricing is not publicly disclosed; rates and fees are quote-based via branch or contact. The go-to-market approach is community-led, relying on local relationship banking through branch locations combined with digital self-serve channels (online banking, mobile app, online mortgage application portal).

Name

OTTAWA BANCORP INC

Legal name

OSB Community Bank

Website

https://ottawasavings.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Ottawa Bancorp Inc, operating as OSB Community Bank, is a privately held community bank founded in 1871 that serves individual consumers and small-to-medium-sized businesses through three branches in Ottawa, Marseilles, and Morris, Illinois, plus digital banking channels.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Commercial Banking (52211)

SIC

State Commercial Banks (6022), Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)

akta.pro secondary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking services
• Personal deposit accounts
• Consumer and commercial lending
• Mortgage and home equity loans
• Small business banking

Headquarters

HQ city

Ottawa

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Primary revenue from interest earned on loans including mortgages, auto loans, business loans, construction loans, and personal loans. Interest rate spreads between deposit costs and loan yields constitute the core earnings.
2. Non-Interest Income: Fee income from deposit account services, digital banking services, business banking services, credit cards, and other banking service charges.
3. Commercial Leasing: Revenue from commercial leasing activities for business customers.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

OSB Community Bank provides retail and commercial community banking services through three Illinois branch locations complemented by digital channels. Core offerings include personal deposit products (checking, money market, savings, certificates of deposit), business banking services (business checking, cash management, business loans, commercial leasing, business credit cards), a full lending portfolio (mortgage, home equity lines of credit, auto, student, construction, and first-time homebuyer loans), and digital banking capabilities (mobile banking app, mobile wallet, online banking, and Remote Deposit Capture).

Product overview

OSB Community Bank operates as a community banking institution offering a unified banking platform with integrated personal banking, business banking, and lending products. The core product portfolio includes checking/money market accounts, savings, CDs, business services, various loan products (mortgage, auto, student, construction, commercial), digital banking with mobile app and mobile wallet, online banking, and specialized services like Remote Deposit Capture and mySpare Change round-up savings. The bank serves individual and business customers through multiple channels including branch locations in Ottawa, Marseilles, and Morris, Illinois.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Banking Core personal banking services for individuals and families, including checking and money market accounts, savings accounts, certificates of deposit, digital banking, and additional services such as safe deposit boxes and debit cards. Targeted at consumer customers in the bank's Illinois market.
• Business Banking Comprehensive business banking offering including business checking accounts, cash management solutions, business loans, commercial leasing, business credit cards, and access to a dedicated Business Banking Team. Targeted at small and medium-sized businesses in the bank's Illinois region.
• Consumer and Commercial Loans Lending product line covering first-time homebuyer loans, mortgage loans, home equity lines of credit, auto loans, student loans, and construction loans for individuals, plus consumer and business loan financing. Targeted at personal and small business borrowers.
• Digital Banking (Mobile App and Online Banking) Digital banking service providing 24/7 account access through a full-featured mobile banking application and mobile wallet integration, paired with a web-based online banking platform for bill pay, transfers, and account management. Targeted at both consumer and business account holders.
• Remote Deposit Capture Electronic check deposit service allowing business banking customers to deposit checks remotely without visiting a branch. Targeted at business account holders needing efficient, digital check handling.
• Mortgage Loans and Home Equity Lines of Credit Residential mortgage financing and revolving home equity lines of credit that let borrowers put their home's equity to work. Targeted at homeowners, purchasers, and first-time homebuyers in the bank's market.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves5 records

Expansion highlights2 records

Broad incumbents

• Heartland Financial USA: Dubuque, Iowa-based regional bank holding company operating multiple community bank subsidiaries across the Midwest and Southwest. Larger and more diversified than OSB but operates the same community-bank-led model serving consumers and SMBs through physical branches.

Direct peers

• First Busey Corporation: Champaign, Illinois-based community bank holding company operating Busey Bank with branch banking, commercial lending, and treasury management across central Illinois. Comparable footprint-driven, relationship-oriented community bank model serving consumers and local businesses.
• Byline Bancorp: Chicago-based community bank holding company focused on small business and consumer banking across the Chicago metro and surrounding Illinois communities. Highly comparable community-bank model with branch-led relationship banking serving similar SMB and retail customers.
• BankFinancial: Burr Ridge, Illinois-based community bank serving the Chicago south suburbs with consumer, commercial, and treasury banking. Comparable Illinois-based community-bank model with branch presence and SMB/consumer focus, similar in scale profile to OSB.
• QCR Holdings: Rock Island, Illinois-based multi-bank holding company operating community banks across Illinois, Iowa, and Missouri. Comparable community-bank operating model with branch presence, commercial lending, and deposit gathering from local consumers and businesses.
• Midland States Bancorp: Effingham, Illinois-based community bank holding company with branches and commercial lending across downstate Illinois and the Midwest. Operates a comparable community-bank model focused on relationship lending, deposits, and treasury services for SMBs and consumers.
• Old Second Bancorp: Aurora, Illinois-based community bank holding company for Old Second National Bank, offering retail, commercial, and treasury banking across the western Chicago suburbs and northern Illinois. Directly comparable community-bank operating profile in the same Illinois geography.

Regional players

• Horizon Bancorp: Michigan City, Indiana-based community bank holding company with branches across Indiana and Michigan. Comparable Midwest community-bank profile with consumer, mortgage, and commercial banking, though operating outside OSB's Illinois footprint.
• Lakeland Financial Corporation: Warsaw, Indiana-based community bank holding company operating Lake City Bank with branch presence across northern Indiana. Comparable Midwest community-bank model with consumer and commercial lending, though outside OSB's Illinois market.
• West Bancorporation: West Des Moines, Iowa-based community bank holding company for West Bank, focused on commercial, treasury, and retail banking in Iowa and Minnesota. Comparable Midwest community-bank profile with branch-driven relationship lending, though in a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/osbcommunitybank
• LinkedInlinkedin.com/company/ottawa-savings-bancorp-inc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OTTAWA BANCORP INC