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Old Second Bancorp announced that Bancorp Financial has received stockholder approval for their previously announced merger on June 18, 2025. The merger, initially disclosed on February 25, 2025, is expected to close on July 1, 2025, subject to customary closing conditions.
Key points about the merger:
- The transaction involves Bancorp Financial merging into Old Second Bancorp
- Trading under symbol OSBC on Nasdaq Stock Market
- Disclosed potential risk factors include: - Failure to satisfy remaining closing conditions - Possible termination rights by either party - External risks such as litigation, regulatory actions, or market destabilization
The filing was signed by Bradley S. Adams, Executive Vice President, Chief Operating Officer and Chief Financial Officer, under Regulation FD disclosure requirements.