other material
confidence high
sentiment positive
materiality 0.55
Old Second Bancorp authorizes $43.9M share repurchase program, receives Fed nonobjection
OLD SECOND BANCORP INC
- Board authorized up to $43.9M in common stock repurchases; program expires Dec 31, 2026.
- Federal Reserve Bank of Chicago issued nonobjection letter dated Jan 8, 2026.
- Repurchases may be made via open market, trading plans, or private negotiations.
- Management has discretion over timing, quantity, and price; no obligation to buy shares.
- Program can be suspended or restarted at any time; post-2026 repurchases require new Fed nonobjection.