secwatch.observer — SEC 8-K summary
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Issuer:     OLD SECOND BANCORP INC (OSBC)
CIK:        0000357173
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0000357173-24-000078
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old Second completes five-branch acquisition from First Merchants Bank
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- Closed purchase of five Illinois branches from First Merchants Bank effective Dec 6, 2024.
- Assumed ~$274.2M in deposits and purchased ~$7.5M in loans, plus other branch assets.
- Acquired branches will open as Old Second on Monday, December 9, 2024.
- CEO James Eccher said the deal adds meaningfully to the company's Southeast Chicago network.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357173/000035717324000078/0000357173-24-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357173/000035717324000078/tmb-20241206x8k.htm
  HTML page:      https://secwatch.observer/filing/0000357173-24-000078

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