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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
August 28, 1997
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OTTAWA FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Delaware 0-24118 38-3172166
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(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification
incorporation) Number)
245 Central Avenue, Holland, Michigan 49423
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (616) 393-7000
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N/A
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(Former name or former address, if changed since last Report)
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Item 5. Other Events
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On August 28, 1997, the Registrant issued the attached press
release announcing the declaration of (i) its regular quarterly
cash dividend of $.10 per share payable on September 30, 1997 to
shareholders of record on September 10, 1997 and (ii) a 10% stock
dividend payable on September 30, 1997 to shareholders of record on
September 12, 1997.
The foregoing information does not purport to be complete and
is qualified in its entirety by reference to the Exhibit to this
Report.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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(c) Exhibit:
Exhibit 99 - Press Release dated August 28, 1997.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this Report to be signed on
its behalf by the undersigned thereunto duly authorized.
OTTAWA FINANCIAL CORPORATION
Date: 9/2/97 By: /s/ Jon W. Swets
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Jon W. Swets
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
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99 Press Release dated August 28, 1997
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OTTAWA FINANCIAL CORPORATION 245 Central Avenue, Holland, MI
49423-3298/(616)393-7000
[OTTAWA LOGO]
FOR IMMEDIATE RELEASE
August 28, 1997
CONTACT: Douglas J. Iverson, EVP & COO
(616) 393-7002
Jon W. Swets, VP & Treasurer
(616) 393-7115
OTTAWA FINANCIAL CORPORATION
DECLARES STOCK AND CASH DIVISEND
HOLLAND, MICHIGAN, August 28 1997 Ottawa Financial Corporation,
parent corporation to AmeriBank, Holland, Michigan, declared a 10
percent stock dividend payable on September 30, 1997, to
shareholders of record on September 12, 1997. This is the first
stock dividend declared by the Corporation. Shareholders will
receive one share of common stock for each ten shares of stock they
hold on the record date.
The Corporation also has declared a cash dividend of $0.10 per
share. The dividend will be payable on September 30, 1997, to
shareholders of record on September 10, 1997. This represents our
twelfth consecutive quarterly dividend since becoming a public
company in August 1994. Management does not anticipate reducing
the cash dividend next quarter.
AmeriBank now operates 26 retail banking offices located in six
counties in Western Michigan. The Corporation had $862.0 million
in assets and $75.9 million in stockholders' equity as of June 30,
1997. The Corporation's stock is traded on The Nasdaq National
Market under the symbol "OFCP".
