The First National Bank of Ottawa has marked over 150 years of innovation, bold initiative, and community leadership as an independent community bank. The following provides an overview of some historic highlights and insight into the traditions that have served us well, both as an integral partner in the development of our communities and as precursors of our current stature and commitment to customer service and responsiveness.
We honor our rich history and acknowledge our significance in the prominence and influence that is apparent today. A ledger with The First National Bank of Ottawa’s first entry the day the bank began business, June 1, 1865, is displayed for customers and visitors in the main bank lobby.
The First National Bank of Ottawa has never defaulted on any demand made on it, not insignificant through the events of its long history, which include the panics of 1873, 1893, the financial crisis of 1929 – 1932 and the mortgage crisis of 2007 – 2008. In 1931 Illinois Governor Henry Horner issued an emergency proclamation closing the banks in Illinois. The First National Bank, as a national institution refused to comply. The farsighted and innovative officials of the bank foresaw the incoming crisis, keeping the bank extremely liquid, and advised depositors that they had $1, 000, 000.00 available at the tellers’ windows, helping avert any crisis of confidence or run on the bank by depositors. The bank is purported to be the only bank in LaSalle County that survived the Great Depression.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
The drum of the realization of the promise is beating, we are sweeping the road to the sky. Your joy is here today, what remains for tomorrow? The armies of the day have chased the army of the night...
NMLS 1795154