Old Second Bancorp, Inc. Announces Resignation of Duane Suits as Member of Board, Effective November 8, 2022
October 27, 2022 at 04:47 pm EDT
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On October 25, 2022, Duane Suits, a member of the Board of Directors of Old Second Bancorp, Inc. submitted his resignation from the Board effective November 8, 2022. Mr. Suits submitted his resignation in accordance with the Company's Director Resignation Policy, which requires that any person serving as a director submit his or her resignation as a director upon attaining the age of 73 during his or her tenure. As such, Mr. Suits resignation is not the result of any disagreement with the Company.
The Company does not anticipate immediately filling the vacancy on the Board caused by Mr. Suits' resignation and will reduce the size of the Board by one member.
Old Second Bancorp, Inc. serves as the bank holding company for its wholly owned subsidiary bank, Old Second National Bank (the Bank). The Bank is a full-service banking business offering a range of deposit products, trust and wealth management services, lending services, and deposit services, including demand, NOW, money market, savings, time deposit and individual retirement accounts. It also offers commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit, lease financing receivables and overdraft checking, and safe deposit operations. It provides variety of additional services to the needs of individual customers, such as the money orders, cashiersâ checks and foreign currency, direct deposit, discount brokerage, debit cards, credit cards, and other special services. It also provides complement of electronic banking services such as online and mobile banking and corporate cash management products.
OLD SECOND BANCORP, INC. 
