secwatch.observer — SEC 8-K summary
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Issuer:     OLD SECOND BANCORP INC (OSBC)
CIK:        0000357173
Form:       8-K
Filed at:   2021-12-01T23:59:59+00:00
Accession:  0000357173-21-000092
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old Second completes West Suburban merger; pro forma assets $6.2B, 65 locations
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- West Suburban shareholders receive 42.413 OSBC shares + $271.15 cash per share.
- Pro forma as of Sep 30, 2021: $6.2B assets, $5.3B deposits, $3.4B loans, 65 branches.
- Keith Acker, Keith Kotche, John Williams join Old Second board of directors.
- CEO Keith Acker's employment agreement includes death benefit up to $750,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357173/000035717321000092/0000357173-21-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357173/000035717321000092/osbc-20211201x8k.htm
  HTML page:      https://secwatch.observer/filing/0000357173-21-000092

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer