Company Overview

Old Second Bancorp, Inc. is a U.S.-based bank holding company that operates primarily in the commercial banking and financial services industry. Through its wholly owned subsidiary, Old Second National Bank, the company provides a range of traditional banking products and services, including commercial and retail banking, treasury management, trust, and wealth management services. The company’s revenue is primarily driven by net interest income from lending activities and, to a lesser extent, non-interest income from fee-based services.

The company serves small to mid-sized businesses, municipalities, nonprofit organizations, and individual consumers, with a strategic emphasis on relationship-based commercial banking. Old Second is positioned as a community-oriented bank with regional scale, differentiating itself through local market expertise, personalized service, and a diversified loan portfolio. Founded in 1871, Old Second National Bank has evolved from a local community bank into a regional financial institution through organic growth and selective acquisitions, while maintaining a strong focus on its Midwestern roots.

Business Operations

Old Second Bancorp operates through a single reportable operating segment, Community Banking, which encompasses commercial lending, consumer lending, deposit gathering, and related financial services. Loan products include commercial and industrial loans, commercial real estate loans, residential mortgages, and consumer loans. Deposit products include demand deposits, savings accounts, money market accounts, and certificates of deposit, with treasury management services supporting business clients.

Operations are conducted primarily in the state of Illinois, with a branch network serving suburban and exurban markets. In addition to traditional branch banking, the company offers digital banking platforms and electronic payment services. Old Second National Bank is the principal subsidiary and core revenue-generating entity, and there are no publicly disclosed material joint ventures. Trust and wealth management services are offered through dedicated internal divisions of the bank.

Strategic Position & Investments

The company’s strategic direction centers on disciplined balance sheet growth, expansion of commercial banking relationships, and increased penetration in higher-growth suburban markets within its footprint. Growth initiatives emphasize organic loan and deposit growth, enhanced treasury management capabilities, and cross-selling of wealth and trust services to existing clients.

Old Second Bancorp has historically pursued selective acquisitions of community banks to expand market presence and achieve operating efficiencies, with integration focused on maintaining local customer relationships. The company has invested in digital banking infrastructure to improve customer experience and operational efficiency, though it does not have material exposure to speculative or emerging technology sectors. Data inconclusive based on available public sources regarding any significant non-banking equity investments or venture-style portfolio holdings.

Geographic Footprint

The company’s operations are concentrated in the Midwestern United States, with a primary focus on Illinois. Its headquarters is located in Aurora, Illinois, and the bank maintains branches across the Chicago metropolitan area and surrounding suburban and regional markets.

Old Second Bancorp does not have international banking operations or foreign branches. Its geographic strategy emphasizes density within its core Illinois markets rather than national or global expansion, allowing for localized decision-making and market-specific risk management.

Leadership & Governance

Old Second Bancorp is led by an executive team with long-standing experience in community and regional banking, emphasizing prudent risk management, credit discipline, and relationship-driven growth. The leadership philosophy prioritizes sustainable profitability, strong capital levels, and community engagement within its operating markets.

Key executives include:

• James L. Eccher – President and Chief Executive Officer
• Brad Adams – Executive Vice President and Chief Financial Officer
• Mark W. Batinick – Executive Vice President and Chief Credit Officer
• Julie A. Johnson – Executive Vice President and Chief Risk Officer
• Michael S. Keegan – Executive Vice President and Chief Lending Officer

The company is governed by a board of directors with experience in banking, finance, and regional business leadership, providing oversight of strategy, risk, and corporate governance in alignment with regulatory expectations.