secwatch.observer — SEC 8-K summary
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Issuer:     OLD SECOND BANCORP INC (OSBC)
CIK:        0000357173
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0000357173-25-000018
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357173/000035717325000018/0000357173-25-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357173/000035717325000018/tmb-20250224x8k.htm
  HTML page:      https://secwatch.observer/filing/0000357173-25-000018

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