Old Second Bancorp, Inc. (OSBC)

Overview

Old Second Bancorp, Inc., through its subsidiary Old Second National Bank, provides a broad range of community banking services. Founded in 1981 and headquartered in Aurora, Illinois, it serves its customers with a focus on the local community. This financial institution offers a comprehensive suite of banking products and services designed to meet the needs of individual, corporate, and not-for-profit clients. From traditional banking services to modern digital banking facilities, Old Second Bancorp, Inc. positions itself as a one-stop solution for banking and financial services within its community.

Products and Services

• Demand, NOW, Money Market, Savings, and Checking Accounts: These accounts cater to the varied needs for easy access, savings, and investment among individuals and businesses. Alongside, certificates of deposit accounts offer secure, fixed-term investment opportunities.
• Commercial Loans: Tailored financing solutions to support the business operations, expansion, and long-term growth strategies of corporate clients.
• Lease Financing Receivables: Financing options for businesses to lease equipment and machinery, providing an alternative to direct purchase.
• Commercial and Construction Real Estate Loans: Financial support for businesses involved in the acquisition, development, and construction of commercial properties.
• Residential Mortgages and Home Equity Lines of Credit: Financing options for homeowners, including first and second mortgage loans, catering to buyers and those seeking to leverage the equity in their homes.
• Consumer Loans: A variety of personal loans including motor vehicle, home improvement, and signature loans, designed to meet the financing needs of individual consumers.
• Installment and Agricultural Loans: Financing solutions for personal and agricultural purposes, offering structured repayment plans.
• Overdraft Checking: A facility that provides clients with the assurance of fund availability, ensuring that transactions are covered.
• Safe Deposit Services, Trust, and Wealth Management: Secure storage for valuable items and comprehensive wealth management and trust services to cater to the investment and estate planning needs of clients.
• Additional Banking Services: This includes a wide array of services such as money orders, cashier’s checks, foreign currency exchange, and direct deposits. The bank also offers discount brokerage, and debit and credit cards among other services.
• Corporate Cash Management Products: Advanced solutions such as remote deposit capture, investment sweep accounts, and various other services aimed at optimizing the cash flow and managing the finances of corporate clients efficiently.
• Online and Mobile Banking: Digital banking services providing convenient access to banking functions, enabling customers to manage their finances anytime, anywhere.
• Investment, Agency, and Custodial Services: Specialized services designed for individual, corporate, and not-for-profit clients who require professional management and custody of their assets.