O2 Sponsor Finance Promotes Chris Gallun to First Vice President

Rhea-AI Summary

Old Second (NASDAQ:OSBC) announced that O2 Sponsor Finance has promoted Chris Gallun to First Vice President. Gallun has been with O2 Sponsor Finance since its launch over four and a half years ago and focuses on sponsor finance and credit analysis.

He has contributed to underwriting, originating new business, portfolio growth, and sponsor relationships. His prior experience includes roles at TCF Capital Funding, Huntington Sponsor Finance, Walgreens Boots Alliance, and Fitch Ratings. He is a graduate of the University of Wisconsin-Madison.

News Market Reaction – OSBC

+0.47%

+0.47% Session close to close

In the Jun 30 session, OSBC gained 0.47%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights O2 Sponsor Finance’s emphasis on experienced leadership, reinforcing OS...

Analysis

This announcement highlights O2 Sponsor Finance’s emphasis on experienced leadership, reinforcing OSBC’s middle-market lending focus. Prior news often saw muted or mixed follow-through, while recent insider net selling remains a background governance and sentiment risk to watch.

Historical Context

5 past events · Latest: Jun 15 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 15	Executive hire announcement	Positive	-2.2%	Appointment of senior middle market banking leader in Chicago region.
May 21	Credit facility deal	Positive	+0.5%	O2 Sponsor Finance backing recapitalization of Boston Green with senior credit.
Apr 22	Q1 2026 earnings	Positive	-6.4%	Reported solid net income and margin with declared quarterly cash dividend.
Mar 31	Credit facility deal	Positive	+1.6%	O2 Sponsor Finance providing $30MM senior facility for Gilman Cheese recapitalization.
Jan 21	Q4 2025 earnings	Positive	-1.0%	Stronger earnings, higher net interest income, and cash dividend declaration.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

OSBC has frequently sold off on generally positive news, particularly around earnings releases.

Key Terms

sponsor finance, credit analysis

2 terms

sponsor finance financial

"O2 Sponsor Finance, a division of Old Second National Bank, today announced"

Sponsor finance is funding provided by a deal backer—such as a private equity firm, special purpose acquisition company (SPAC) sponsor or project sponsor—to help buy, build, or support a business. Think of the sponsor as a trusted friend who lends money or guarantees a loan so a deal can close; this matters to investors because it affects how risky the deal is, how much debt a company carries, and whether ownership may be diluted or a transaction will actually happen.

credit analysis financial

"brings a strong foundation in sponsor finance and credit analysis."

Credit analysis is the process of assessing how likely a borrower—such as a company or government—is to repay its debt on time and in full. It combines a review of finances, cash flow, debt levels and business trends to estimate default risk; think of it as checking a borrower’s bill-paying history and current paycheck before lending. Investors use credit analysis to decide how safe a bond or loan is, what interest compensation is appropriate, and how a credit event might affect portfolio value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHICAGO, IL / ACCESS Newswire / June 30, 2026 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it has promoted Chris Gallun to First Vice President.

"We are pleased to announce Chris Gallun's promotion to First Vice President of O2 Sponsor Finance," said Joe Gaffigan, President of O2 Sponsor Finance. "Since joining the platform, Chris has played a key role in underwriting and originating new business, contributing meaningfully to portfolio growth while strengthening and expanding our sponsor relationships. We look forward to Chris's continued contributions and the team's ongoing success in 2026 and beyond."

"I'm grateful for the opportunity to be a part of O2 Sponsor Finance since day one," said Gallun. "It's been a privilege to be part of building the business alongside a great team, and I look forward to continuing to support our sponsor partners and drive the business forward."

Chris has been with O2 Sponsor Finance since its inception over four and half years ago and brings a strong foundation in sponsor finance and credit analysis. Prior to joining O2, he held roles at TCF Capital Funding, Huntington Sponsor Finance, Walgreens Boots Alliance, and Fitch Ratings. Chris is a graduate of the University of Wisconsin-Madison.

About O2 Sponsor Finance: O2 Sponsor Finance is a national provider of cash flow-based loans to lower middle market businesses with typically $10 to $100 million in revenue and between $2 million and $10 million in EBITDA. O2 Sponsor Finance focuses on supporting private equity sponsors, independent sponsors and family offices in their acquisition or recapitalization of lower middle market companies. www.O2sponsorfinance.com.

About Old Second Bancorp, Inc.: Old Second Bancorp, Inc., headquartered in Aurora, Illinois, is the bank holding company for Old Second National Bank, which celebrated 150 years of operation in 2021. Old Second's common stock trades on The NASDAQ Stock Market under the symbol "OSBC". More information about Old Second is available by visiting the "Investor Relations" section of its website: www.oldsecond.com.

As of March 31, 2026, Old Second has approximately $6.8 billion in assets, $5.6 billion in deposits and $5.2 billion in loans.

Old Second National Bank, Member FDIC.

Contact:

Bradley S. Adams EVP, Chief Operating Officer and Chief Financial Officer (630) 906-5484

SOURCE: Old Second Bancorp Inc.

View the original press release on ACCESS Newswire

FAQ

What management change did Old Second (NASDAQ:OSBC) announce on June 30, 2026?

Old Second announced that Chris Gallun was promoted to First Vice President at O2 Sponsor Finance. According to the company, Gallun has helped underwrite and originate new business and support portfolio growth and sponsor relationships.

Who is Chris Gallun at O2 Sponsor Finance and what is his new role?

Chris Gallun is a longtime team member at O2 Sponsor Finance, now promoted to First Vice President. According to the company, he focuses on underwriting, origination, and sponsor relationships, drawing on sponsor finance and credit analysis experience.

How long has Chris Gallun been with O2 Sponsor Finance, a division of Old Second (OSBC)?

Chris Gallun has been with O2 Sponsor Finance since its inception, over four and a half years. According to the company, he joined at launch and has contributed to business building and portfolio growth during that period.

What prior experience does Chris Gallun bring to his First Vice President role at O2 Sponsor Finance?

Chris Gallun brings prior roles at TCF Capital Funding, Huntington Sponsor Finance, Walgreens Boots Alliance, and Fitch Ratings. According to Old Second, this background supports his work in sponsor finance, credit analysis, and relationship-driven portfolio development.

What did leadership at O2 Sponsor Finance say about Chris Gallun’s promotion?

Leadership highlighted Gallun’s key role in underwriting, originating new business, and portfolio growth. According to President Joe Gaffigan, he has also strengthened and expanded sponsor relationships and is expected to support the team’s continued success beyond 2026.