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Old Second and Evergreen Bank Group Announce Strategic Combination

1. Old Second Bancorp signs merger to acquire Bancorp Financial and its subsidiary. 2. Transaction offers Bancorp Financial shareholders OSBC shares and cash (75%/25% split).

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Why Bullish?

The acquisition is likely to boost OSBC's scale and market presence, similar to past successful banking mergers that improved long-term performance and investor sentiment.

How important is it?

This merger represents a major strategic move for OSBC, potentially reshaping its footprint and significantly impacting its valuation despite inherent integration risks.

Why Long Term?

The benefits of increased market share and operational synergies typically materialize over time as integration progresses, echoing historical bank merger trends.

Related Companies

Bancorp Financial
AURORA AND OAK BROOK, IL / ACCESS Newswire / February 25, 2025 / Old Second Bancorp, Inc. (NASDAQ:OSBC) ("Old Second") and Bancorp Financial, Inc. ("Bancorp Financial", "Evergreen Bank") jointly announced today the signing of a definitive merger agreement for Old Second to acquire Bancorp Financial and its wholly-owned bank subsidiary, Evergreen Bank Group, in a cash and stock transaction. Under the terms of the merger agreement, which was unanimously approved by the Boards of Directors of both companies, Bancorp Financial stockholders will receive 2.5814 shares of Old Second common stock and $15.93 in cash for each share of Bancorp Financial's common stock, for total consideration consisting of approximately 75% stock and 25% cash.

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