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Two Illinois community banking holding companies have agreed to merge. The deal structure is known; the pricing is not.
Pontiac Bancorp, the Pontiac-based holding company of Bank of Pontiac, announced August 20, 2026 that it will acquire Ottawa Bancorp, which controls a community bank in Ottawa, Illinois, though the initial disclosure carried no financial terms.
What the announcement establishes is intent. Pontiac Bancorp as acquirer, Ottawa Bancorp as target.
Neither a deal price nor a projected closing date appears in the announcement, leaving the strategic rationale to inference rather than attribution.
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