Kevin Roth's questions to Old Second Bancorp Inc (OSBC) leadership • Q4 2024
Question
Kevin Roth of Black Maple Capital asked about the geographic focus for loan originations and whether the bank's strategy has changed, particularly regarding underwriting risks in markets like California and Florida.
Answer
Executive James Eccher explained that while the primary focus remains the Chicago MSA, the bank operates nationwide lending verticals like sponsor finance and healthcare. He confirmed they closely monitor regional risks and have pulled back from certain opportunities, such as assisted living facilities in markets like California and Florida, based on that analysis.