Old Second Bancorp, Inc. - Common Stock (OSBC)

Competitors to Old Second Bancorp, Inc. - Common Stock (OSBC)

Associated Bank

Associated Bank competes with Old Second Bancorp by providing a broad array of financial services across a larger geographic footprint. While both banks serve similar market segments, Associated Bank leverages its operational efficiency and technology to offer superior digital banking services. Their ability to capitalize on technological advancements enhances customer experience and positions them as a leader in the fintech space, giving them a significant competitive edge over Old Second Bancorp.

Byline Bank

Byline Bank competes in the same region as Old Second Bancorp, offering similar banking products and services aimed at both individuals and businesses. However, Byline Bank has a competitive advantage in terms of its strategic focus on niche markets and personal banking solutions, which attract a specific customer base looking for personalized financial services. This focus helps Byline stand out and capture loyal customers away from Old Second Bancorp.

First Midwest Bank

First Midwest Bank competes with Old Second Bancorp primarily through its strong focus on customer service and community engagement. Both banks target similar demographic segments, but First Midwest holds a competitive advantage with its larger asset base, which allows them to offer more competitive loan and interest rates. Additionally, First Midwest’s emphasis on personal relationships and community involvement fosters customer loyalty, making it challenging for Old Second Bancorp to attract and retain customers.

Huntington Bancshares Incorporated 

Huntington Bancshares operates on a much larger scale than Old Second Bancorp, and competes by offering a wide-ranging suite of banking and financial products. Their extensive resources allow them to invest heavily in technology, marketing, and customer service initiatives, which can often outpace what smaller banks like Old Second can offer. Huntington's brand recognition and extensive branch network in multiple states gives it a significant competitive edge in attracting customers away from Old Second Bancorp.

Wintrust Financial Corporation 

Wintrust Financial Corporation directly competes with Old Second Bancorp by offering a wide range of banking services including commercial banking, wealth management, and residential mortgage services. Wintrust has established a strong regional presence with a more extensive branch network and a diverse product portfolio, positioning itself as a more comprehensive financial services provider. Their competitive advantage stems from their larger scale and ability to cater to mid-sized businesses, allowing for greater resources in terms of technology and customer service.