Two Fox Valley banks on 'state's most troubled' list

Old Second, Valley Community say they're working to resolve problems

An independent financial research company has named two local banks among the 10 most troubled in Illinois.

Both Old Second National Bank, based in Aurora, and Valley Community Bank, out of St. Charles, were given lowest marks by the Bartmann Bank Monitor Report this week. The report, compiled by financial expert Bill Bartmann and released on his website (www.nextbanktofail.com), tracks banks Bartmann believes are at risk.

At Old Second, an Aurora institution since 1871, the numbers tell the story. Four years ago, Old Second stock was selling for around $30 a share. By this time last year, Old Second stock was selling at $5.90 a share. On Wednesday, shares were selling for 92 cents. The bank has $2.5 billion in assets, and $227 million of those are considered troubled, according to Banktracker.com.

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