OTTAWA SAVINGS BANCORP, INC.
925 South LaSalle Street
Ottawa, Illinois 61350
May 13, 2005
VIA EDGAR
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549-0408
Attn: Mr. David Lyon, Senior Financial Analyst
| Re: | Ottawa Savings Bancorp, Inc. | |
| Registration Statement on Form SB-2 | ||
| File Number 333-123455 |
Ladies and Gentlemen:
We hereby request acceleration of the effective date of our Registration Statement on Form SB-2, SEC File No. 333-123455, as amended, to 12:00 p.m., Eastern time, on Monday, May 16, 2005, or as soon thereafter as practicable. In accordance with Rule 461 promulgated under the Securities Act of 1933, as amended (the “Act”), we hereby confirm that we are aware of our obligations under the Act. In addition, we acknowledge that:
| • | should the Securities and Exchange Commission (the “Commission”) or the staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; |
| • | the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve us from our full responsibility for the adequacy and accuracy of the disclosure in the filing; and |
| • | we may not assert this action as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. |
Please contact J. Brett Pritchard of Lord, Bissell & Brook LLP, our special counsel, at (312) 443-1773, as soon as the registration statement has been declared effective, or if you have any other questions or concerns regarding this matter.
| Sincerely, | ||
| OTTAWA SAVINGS BANCORP, INC. | ||
| By: | /s/ Gary L. Ocepek | |
| Name: | Gary L. Ocepek | |
| Title: | President and Chief Executive Officer | |
cc: J. Brett Pritchard
2
