Old Second Bancorp Inc (OSBC), a Chicago-based financial services holding company, forms the epicenter of its community’s financial activities by offering a vast range of banking products and services since 1871. Recognized under NASDAQ, the company has grown substantially to cater to commercial and retail customers through its affiliate, Old Second National Bank, which has more than 25 strategic locations across Kane, Kendall, Dupage, Dekalb, Will, Cook, and LaSalle counties in Illinois.
Understanding every customer's unique need, Old Second Bancorp's extensive product portfolio is quite impressive. Their offering includes demand, NOW, money market, savings, time deposit, individual retirement accounts, and residential mortgage accounts. Apart from traditional banking products, the company also ventures into a wide array of corporate lending services, including commercial, industrial, commercial real estate, and construction loans.
Old Second Bancorp has representative expertise in wealth management services which further includes trusts, financial planning, investment, and brokerage services. Risk management is another impressive branch of the company’s service tree that covers insurance products for businesses and individuals alike.
Owing to its substantial presence in the industry, Old Second Bancorp was able to tally total assets worth $3.2 billion by the end of 2020. This was a result of their commitment to integrate technology with financial services as seen in their mobile banking solutions, providing easy access for customers to manage their finances on-the-go, thus enabling seamless monetary transactions.
Old Second Bancorp is not just known for delivering high-quality financial services, but also for its commitment to corporate social responsibility. The company takes a keen interest in the development and well-being of the communities it serves. They actively participate in community events, sponsor non-profit organizations, and provide financial education in local schools and organizations, setting a strong example of corporate citizenship.
Over the years, Old Second Bancorp has proven itself to be a steadfast and reliable entity, demonstrating resilience even during market downturns. As they continue to innovate and adhere to customer-centric strategies, the future looks promising for the entire OSBC community, customers, and shareholders alike.