MAPLE PARK – The Maple Park branch of Old Second Bank, located at 1100 S. County Line Road, has closed, and its building is for sale. The two-story, nearly 16,000-square-foot brick building is located on four acres at the northwest corner of Route 38 and County Line Road.
Village President Kathy Curtis said that she was very sad to hear of the bank’s closing.
“It’s a nice landmark for the town,” she said. “Many of the residents did their banking there.”
Curtis said that there are some businesses in town that hope a new bank will come in to take over the building, but she does not see that happening. She does think the building will be sold quickly, as it is very competitively priced.
“It’s priced low to sell, and I’m sure Old Second wants to move on with their business plan,” she said.
Curtis said the residents and the village have been loyal customers of Old Second Bank, and the village currently has its funds with them.
“Right now, we’re banking in Elburn, but it’s inconvenient,” she said. “We may shop for better rates somewhere else.”
Maple Park veterinarian Dr. Margaret Rogers said she thought it was a shame that the bank has chosen to close the branch now, especially with the possibility of new growth in town, referring to the Shodeen lots for sale in town.
According to President and Managing Broker Doug Summers of Summers Commercial Realty LLC, there has been some interest in the bank building, but nothing definite yet. Summers said he did not discuss what uses the potential buyers might be interested in for the building.
“It’s a great value,” Summers said. “It’s built with all brick, and it’s a very solid building.”
He said if one were to build the building now, they could not do it for the price they are asking.
“Whatever goes in there will be good for Maple Park,” he said. “Whether it’s a straight office building, a call center or an educational use, there will be traffic coming through town.”