Old Second Bancorp, Inc. (NASDAQ: OSBC) (“Old Second” or “the company”) is the BHC for subsidiary Old Second National Bank (“the bank”), which operates 54 branches in the Chicago MSA – an area where it reflects the second-largest deposit market share among local banks with less than $50 billion in assets. The hallmark of the OSBC franchise is its granular, retail-focused, and low-cost deposit base, which has been strengthened over time through strategic M&A.
OSBC’s deposit base substantially funds its lending activities, which are commercially focused (41% C&I incl. OOCRE and leases, 29% ICRE incl. multifamily at 2Q26), though with a larger consumer component following the 3Q25 acquisition of $1.4 billion asset powersport-lending-oriented Bancorp Financial, Inc. (“Evergreen”). While OSBC’s deposit base is fairly concentrated in terms of geography, the loan book has a national presence through its retail and healthcare CRE lending, as well as…
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