First Ottawa Bancshares, Inc. (OTCPK:FOTB) seeks acquisitions. Ottawa Savings Bank said in its filings that it may use the net proceeds it receives from the offering to fund new loans; To enhance existing products and services, support growth and the development of new products and services; To invest in securities; For the possible future expansion of our branch office network by establishing additional branch offices and acquiring other financial institutions; and for For other general corporate purposes.