OSBC Profile
Old Second Bancorp, Inc. functions as a prominent bank holding company overseeing Old Second National Bank, a community-focused financial institution headquartered in Aurora, Illinois. Established in 1981, the company provides a comprehensive range of banking services tailored to meet the diverse needs of individual, corporate, and not-for-profit clients.
Old Second Bancorp offers various deposit products including demand deposits, NOW accounts, money market accounts, savings accounts, time deposits, individual retirement accounts (IRAs), and checking accounts. Additionally, the company provides certificate of deposit accounts to its customers.
The core of Old Second Bancorp's lending activities includes commercial loans, lease financing receivables, commercial real estate loans, construction loans, residential real estate loans such as first and second mortgage loans, home equity lines of credit, and consumer loans encompassing motor vehicle loans, home improvement loans, and signature loans. The company also extends its services to include installment loans, agricultural loans, and overdraft checking facilities.
Beyond traditional banking, Old Second Bancorp offers a suite of ancillary services including safe deposit services, trust and wealth management services, and a range of financial instruments such as money orders, cashier's checks, foreign currency exchange, direct deposits, discount brokerage services, and debit and credit card facilities. The company actively engages in acquiring U.S. Treasury notes and bonds to diversify its investment portfolio and enhance financial stability for its clients. Additionally, Old Second Bancorp leverages advanced technology to provide convenient banking solutions such as online and mobile banking, corporate cash management products, automated teller machines (ATMs), and a comprehensive array of treasury management services tailored to meet the financial needs of its diverse customer base.
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