 Ottawa, Illinois, Nov. 19, 2020 GLOBE NEWSWIRE -- Ottawa Bancorp, Inc. OTCQX: OTTW the Company, the holding company for Ottawa Savings Bank, FSB the Bank, announced today that it has approved a stock repurchase program authorizing the purchase of 297,047 shares, representing 10 of the Companys outstanding shares of common stock. As of September 30, 2020, the Company has repurchased a total of 524,341 shares of its common stock at an average price of 12.93 per share as part of the stock repurchase program approved on November 20, 2019 and its previous stock repurchase programs that expired in November 2018 and November 2019. Repurchases will be conducted through open market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. Repurchases will be made from time to time depending on market conditions and other factors. 