secwatch.observer — SEC 8-K summary
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Issuer:     OLD SECOND BANCORP INC (OSBC)
CIK:        0000357173
Form:       8-K
Filed at:   2025-07-01T23:59:59+00:00
Accession:  0000357173-25-000066
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old Second completes merger with Bancorp Financial; pro forma assets ~$6.98B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357173/000035717325000066/0000357173-25-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357173/000035717325000066/tmb-20250701x8k.htm
  HTML page:      https://secwatch.observer/filing/0000357173-25-000066

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