Old Second Bancorp Receives Regulatory Approvals to Proceed with Bancorp Financial Merger

Old Second Bancorp, Inc. (NASDAQ: OSBC) announced that it has secured all required regulatory approvals to complete its pending merger with Bancorp Financial, Inc., a community bank headquartered in Oakbrook, Illinois. The merger, initially disclosed earlier in 2025, is now expected to close in July, pending approval by Bancorp Financial’s stockholders and customary closing conditions.

The combined institution will operate 56 full-service branches, primarily in the greater Chicago area, with one loan production office in Reno, Nevada.

James Eccher, Old Second’s Chairman, President, and CEO, highlighted the strategic fit, stating: “This merger strengthens our position in the Chicago metro market and enhances our ability to serve customers with greater scale and resources.”

Old Second Bancorp, Inc. (“Old Second”) (NASDAQ: OSBC), announced the Annual Stockholders Meeting will be held on May 20, 2025 at 9:00 am CDT.

Old Second Bancorp Declares $0.06 Dividend for Q2 2025

Old Second Bancorp’s Board of Directors declared a quarterly cash dividend of $0.06 per share. The dividend will be payable on May 5, 2025, to shareholders of record as of April 25, 2025.

On January 21, 2025, the Board of Directors of Old Second Bancorp, Inc. declared a cash dividend of $0.06 per share. This dividend will be payable on February 10, 2025, to stockholders of record as of January 31, 2025. This announcement reflects the company’s continued commitment to providing value to its shareholders.