First Ottawa Bancshares, Inc.
FOTB
Other OTC215.00
USD
-2.00
- -
First Ottawa Bancshares, Inc.
FOTB
(Other OTC)
Recent
price
215.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- First Ottawa Bancshares, Inc. is a bank holding company headquartered in Ottawa, Illinois, primarily engaged in providing a comprehensive range of banking and financial services through its subsidiary, The First National Bank of Ottawa. The company’s core products and services include personal banking such as checking and savings accounts, time deposits, certificates of deposit, individual retirement accounts; mortgage loans; consumer lending; business banking services including commercial lines of credit, commercial loans, construction and development loans, real estate loans, and letters of credit; trust and estate services; personal and fiduciary services; credit cards; safe deposit boxes; and online and mobile banking services. These offerings serve individual and corporate customers mainly in the Illinois region, including LaSalle, Grundy, and Cook counties. Founded on June 1, 1865, First Ottawa Bancshares has a longstanding history as a community bank, with the First National Bank of Ottawa being one of the most senior banks in the United States. The company operates additional branches under American Commercial Bank & Trust, strategically expanded with locations opened in Lisle in 2019, Schaumburg, and Chicago in 2021 to better serve its clients in the greater Illinois area. This reflects its recent operational expansion and efforts to increase its market presence regionally. In recent major developments, First Ottawa Bancshares completed a private placement of $24.25 million in fixed-to-floating rate subordinated notes due in 2030, which strengthened its capital base and supported its strategic growth initiatives without shareholder dilution. It also announced a significant funding round of $7.75 million recently, further enhancing its financial position. Additionally, the company declared a $0.75 per share dividend payable in early 2025, demonstrating its stable financial health and shareholder returns focus. The company’s strategy emphasizes community banking values combined with modern financial solutions, sustaining a strong market presence in the financial services industry with a focus on personalized service, competitive loan products, and digital banking capabilities. First Ottawa Bancshares had approximately $786 million in total assets as of mid-2020 and reported revenue near $70 million with a net profit margin exceeding 35%, reflecting solid profitability and operational efficiency. Overall, First Ottawa Bancshares, Inc. operates as a robust regional bank holding company with a diversified portfolio of banking services oriented toward individual consumers, small to mid-sized businesses, and fiduciary clients primarily across Illinois, supported by recent capital enhancements and expanded branch operations to sustain growth and community engagement. This description integrates the company's product offerings, service model, recent funding and expansion activities, geographic and operational context, and founding history as last updated in 2025.