Friday, October 13, 2017


OSBC Old Second Bancorp, Inc. gains 16% Oct 13, 2017

Old Second Bancorp, Inc. operates as a holding company for Old Second National Bank that provides a range of banking services. The company accepts demand, NOW, money market, savings, time deposit, individual retirement, Keogh deposit, and checking accounts. The company also offers lines of credit for working capital; lending for capital expenditures on manufacturing equipment; lending to small business manufactures, service companies, medical and dental entities, and specialty contractors; commercial real estate loans; construction loans; residential real estate loans comprising residential first mortgages, second mortgages, and home equity line of credit mortgages; consumer loans, including motor vehicle, home improvement, and signature loans; installment, student, and agricultural loans; and overdraft checking. In addition, it provides safe deposit services; trust services; wealth management services; and traveler's checks, money orders, cashier's checks, foreign currency, direct deposits, discount brokerage, debit and credit cards, and other special services, as well as acquires the U.S. treasury notes and bonds. Further, the company offers online and mobile banking; corporate cash management products, including remote and mobile deposits capture, investment sweep accounts, zero balance accounts, automated tax payments, automatic teller machines access, telephone banking, lockbox accounts, automated clearing house transactions, account reconciliation, controlled disbursement, detail and general information reporting, wire transfers, and vault services for currency and coin; and investment, agency, and custodial services for individual, corporate, and not-for-profit clients. As of December 31, 2015, it provided its financial services through its 24 banking locations primarily located in Aurora, Illinois, and its surrounding communities, as well as in the Chicago metropolitan area. Old Second Bancorp, Inc. was founded in 1982 and is based in Aurora, Illinois.

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