Bank holding company offering banking and financial services through its subsidiary, Old Second National Bank, primarily in Illinois.
Old Second Bancorp, Inc. serves as the bank holding company for Old Second National Bank, a cornerstone of community banking services with a rich history dating back to its incorporation in 1981. Headquartered in Aurora, Illinois, the institution offers a comprehensive array of financial products and services tailored to meet the diverse needs of its clientele. This includes a wide spectrum of deposit accounts such as demand deposits, savings, money market accounts, and certificates of deposit, ensuring options for both personal and business banking needs.
The bank distinguishes itself through its robust lending portfolio, encompassing commercial loans, lease financing receivables, and a variety of real estate loans ranging from commercial and construction to residential mortgages and home equity lines of credit. Complementing its lending operations, Old Second Bancorp provides a suite of wealth management services, including trust services and investment products. The institution also supports international transactions with services like foreign currency exchange and U.S. treasury securities acquisition.
In recent developments, Old Second Bancorp, Inc. has begun exploring the realm of cryptocurrencies, potentially signaling a strategic move towards integrating digital assets into its traditional banking framework. This initiative underscores the company's proactive stance in embracing technological advancements and responding to evolving customer preferences in finance. As it navigates this emerging landscape, Old Second Bancorp continues to uphold its commitment to community-centric banking while adapting to new opportunities presented by digital innovation.