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Ottawa Bancorp to hold advisory vote on compensation annually

Illinois-based Ottawa Bancorp Inc.'s board determined that the company will hold an annual advisory vote on the compensation of named executive officers until the next required advisory vote on the frequency of stockholder votes on the compensation of executives.

This is in light of voting results with respect to the frequency of advisory stockholder votes on executive compensation. The company's shareholders voted on the matter during the annual shareholder meeting held May 15.