m_and_a
confidence high
sentiment positive
materiality 0.80
Old Second completes merger with Bancorp Financial; pro forma assets ~$6.98B
OLD SECOND BANCORP INC
- Bancorp Financial shareholders receive 2.5814 OSBC shares + $15.93 cash per share; merger closed July 1, 2025.
- Pro forma combined: ~$6.98B assets, $5.95B deposits, $5.09B loans, 56 locations in Chicago market.
- Darin Campbell (former Bancorp Financial CEO) joins OSBC board; appointed EVP, President of three lending units; $550k base salary.
- Jill Voss (former Bancorp Financial CFO) joins Old Second National Bank board.
- Campbell receives CBAA with 2x severance on change-in-control termination, plus other benefits.
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