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**Ottawa Savings Bank has acquired Twin Oaks Savings Bank**


Twin Oaks has become part of the Ottawa Savings family.


As of December 31, 2014, the merger of Ottawa Savings Bank and Twin Oaks Savings Bank has been completed.  Jon Kranov, President and Chief Executive Officer of Ottawa Savings Bank stated, "We believe that this transaction is in the best interests of Ottawa Savings Bancorp's shareholders.  We are also delighted to welcome Twin Oaks' depositors and borrowers to the Ottawa Savings family and to provide Ottawa Savings' legacy depositors and borrowers with two new branch offices.  We are confident that Twin Oaks customers will enjoy and benefit from the added services that Ottawa Savings offers its customers." 

Craig Hepner, former President and Chief Executive Officer of Twin Oaks Savings Bank, will serve as Chief Operation Officer of the Company and the Bank, added, "We are excited that Twin Oaks' customers will now be part of a  larger, stronger bank with a long history of great customer service."

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