About West Suburban Bank
West Suburban Bank is a company based in Lombard (United States) founded in 1962 was acquired by Old Second in July 2021.. West Suburban Bank offers products and services including Checking Accounts, Home Loans, O2 Digital Banking, Savings Accounts, and Wealth Management. West Suburban Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Lombard, United States
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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- Legal Name Old Second National Bank
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Old Second
(Jul 26, 2021)
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Products & Services of West Suburban Bank
West Suburban Bank offers a comprehensive portfolio of products and services, including Checking Accounts, Home Loans, O2 Digital Banking, Savings Accounts, and Wealth Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Accounts for everyday financial transactions and management
Financing options for purchasing or refinancing homes
Online platform for secure banking and transactions
Accounts to earn interest on deposited funds
Services for growing and managing personal wealth
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Funding Insights of West Suburban Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in West Suburban Bank
West Suburban Bank has secured backing from 1 investor. Prominent investors backing the company include Old Second. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial bank
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by West Suburban Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - West Suburban Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
West Suburban Bank Comparisons
Competitors of West Suburban Bank
West Suburban Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided across the United States.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on West Suburban Bank
Frequently Asked Questions about West Suburban Bank
When was West Suburban Bank founded?
West Suburban Bank was founded in 1962.
Where is West Suburban Bank located?
West Suburban Bank is headquartered in Lombard, United States. It is registered at Lombard, Illinois, United States.
Who is the current CEO of West Suburban Bank?
Duane Debs is the current CEO of West Suburban Bank.
What does West Suburban Bank do?
West Suburban Bank was founded in 1962 and is based in Lombard, United States. Operations as a commercial bank include the provision of deposit accounts, loans, and basic financial services to retail and corporate clients. Focus is placed on serving communities in the surrounding suburban areas, with oversight from CEO Duane Debs. Standard banking functions are maintained through its online domain.
Who are the top competitors of West Suburban Bank?
What products or services does West Suburban Bank offer?
West Suburban Bank offers Checking Accounts, Home Loans, O2 Digital Banking, Savings Accounts, and Wealth Management.
Who are West Suburban Bank's investors?
West Suburban Bank has 1 investor. Key investors include Old Second.