Question 1

What is Ottoville Bank?

Accepted Answer

Ottoville Bank is a community-focused commercial bank serving rural northwestern Ohio with a specialization in commercial lending. With approximately $94.5 million in assets and a single office location, the bank has been serving Ottoville and the surrounding region for over 120 years. The institution maintains exceptional capitalization levels and focuses on agricultural lending, small business financing, and traditional retail banking services for the communities of Defiance, Henry, Paulding, Putnam, and Van Wert counties.

Question 2

When was Ottoville Bank founded?

Accepted Answer

Ottoville Bank was incorporated on October 24, 1903, and opened for business on February 2, 1904. The bank has operated continuously for more than 121 years, making it one of the oldest financial institutions in Putnam County, Ohio. Throughout its history, the bank has maintained its commitment to serving the local community and supporting the agricultural economy of northwestern Ohio.

Question 3

Where is Ottoville Bank headquartered?

Accepted Answer

The bank is headquartered at 161 West 3rd Street in Ottoville, Ohio. Ottoville is a small village in Putnam County located in the rural agricultural heartland of northwestern Ohio. The bank has maintained its presence in this community for over a century, reflecting its deep roots in the local area.

Question 4

Where does Ottoville Bank operate?

Accepted Answer

Ottoville Bank operates from a single branch location in Ottoville, Ohio. The bank's Community Reinvestment Act (CRA) assessment area encompasses the entireties of Defiance, Henry, Paulding, Putnam, and Van Wert counties, plus three tracts in western Allen County. This nonmetropolitan service area allows the bank to serve both farm operations and small businesses throughout northwestern Ohio while maintaining personalized relationships with customers.

Question 5

What services does Ottoville Bank offer?

Accepted Answer

The bank offers a comprehensive range of financial services including commercial lending, agricultural financing, and consumer banking products. Lending services include real estate loans (residential, commercial, and multifamily), farm loans, commercial and industrial loans, construction and development financing, and consumer loans. Deposit products include checking accounts, savings accounts, money market accounts, and certificates of deposit.

The bank provides modern conveniences such as online banking through its website at www.ottovillebank.com, ATM services, and mobile banking capabilities. Additional services include safe deposit boxes, wire transfers, and notary services.

Question 6

What makes Ottoville Bank unique?

Accepted Answer

Ottoville Bank stands out with an exceptional Tier 1 Leverage Ratio of 21.05%, significantly higher than most community banks, demonstrating remarkable financial strength and stability. The bank has earned an "Outstanding" CRA rating for its excellent penetration of lending among businesses and farms of different sizes, including low- and moderate-income borrowers. The institution has also received a 5-Star Superior Rating from Bauer Financial for over 100 consecutive quarters.

With only 9 employees, the bank maintains an intimate, personal banking environment where customers interact directly with decision-makers. The bank specializes in supporting agricultural operations and small businesses with loans often under $100,000, demonstrating responsiveness to the credit needs of family farms and small enterprises.

Question 7

What type of financial institution is Ottoville Bank?

Accepted Answer

Ottoville Bank is a State Chartered Commercial Bank with commercial lending specialization. As a state-chartered institution, it is regulated by the Federal Reserve System (it is a member of the Federal Reserve) and operates under Ohio banking laws. The bank's focus on commercial and agricultural lending, combined with its strong community relationships, positions it as a traditional community bank serving the financial needs of rural northwestern Ohio.

The bank's longevity, conservative lending practices, and strong capitalization make it a stable pillar of the local economy.

Ottoville Bank

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About Ottoville Bank in the United States