Old Second to acquire Evergreen Bank for ~$197M in 75% stock / 25% cash deal

OLD SECOND BANCORP INC

Aggregate transaction value of ~$197 million; implied purchase price of $62.60 per Bancorp Financial share.
Consideration: 2.5814 Old Second shares + $15.93 cash per Bancorp Financial share; 75% stock, 25% cash.
Expected ~16% EPS accretion to Old Second in first full year with cost savings fully phased in.
Pro forma company will have ~$7.1B assets, ~$6.0B deposits, ~$5.2B loans; second largest community bank <$10B in Chicago.
Merger expected to close in Q3 2025, subject to regulatory approvals and Bancorp Financial stockholder vote.

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