Old Second Bancorp Files 8-K

Ticker: OSBC · Form: 8-K · Filed: 2024-08-27T00:00:00.000Z

Sentiment: neutral

Topics: sec-filing, 8-k

Related Tickers: OSBC

TL;DR

OSBC filed an 8-K on Aug 27 for Aug 26 events. Details pending.

AI Summary

Old Second Bancorp, Inc. filed an 8-K on August 27, 2024, reporting events as of August 26, 2024. The filing primarily concerns Regulation FD Disclosure and includes Financial Statements and Exhibits. No specific financial figures or material events were detailed in the provided text excerpt.

Why It Matters

This filing indicates that Old Second Bancorp, Inc. is providing updates or disclosures to the SEC, which could contain material information for investors.

Risk Assessment

Risk Level: low — The provided text is a standard SEC filing notification without specific details of material events or financial performance, making it low risk.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is for Regulation FD Disclosure and to include Financial Statements and Exhibits.

What is the reporting date for this 8-K?

The report is dated August 27, 2024, and the earliest event reported is as of August 26, 2024.

What is the principal executive office address of Old Second Bancorp, Inc.?

The principal executive office is located at 37 South River Street, Aurora, Illinois 60507.

What is the telephone number for Old Second Bancorp, Inc.?

The registrant's telephone number, including area code, is (630) 892-0202.

Under which sections of the Securities Exchange Act is this report filed?

This Current Report is filed Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Filing Stats: 970 words · 4 min read · ~3 pages · Grade level 12.3 · Accepted 2024-08-27 08:50:30

Filing Documents

01

Item 7.01 Regulation FD Disclosure. On August 27, 2024, Old Second National Bank (the "Bank"), a subsidiary of Old Second Bancorp, Inc. (the "Company"), and First Merchants Bank ("First Merchants"), a subsidiary of First Merchants Corporation, issued a joint press release announcing the signing of a branch purchase and assumption agreement pursuant to which Old Second National Bank will acquire from First Merchants certain assets and assume certain liabilities of five bank branches located in the greater Chicago, Illinois MSA. The Company anticipates closing the transaction in the fourth quarter of 2024, subject to regulatory approval and other customary closing conditions. A copy of the press release is furnished as Exhibit 99.1 and incorporated herein by reference. The Company has prepared an investor presentation to provide additional information regarding the transaction. A copy of the presentation is furnished as Exhibit 99.2 hereto. As provided in General Instruction B.2 to Form 8-K, the information set forth in this Item 7.01, including Exhibits 99.1 and 99.2, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Forward-Looking Statements

Forward-Looking Statements Certain statements in this Current Report on Form 8-K are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding our expectations with respect to the proposed transaction. Forward-looking statements are based on our current beliefs, expectations and assumptions and on information currently available and, can be identified by the use of words such as "expects," "intends," "believes," "may," "will," "would," "could," "should," "plan," "anticipate," "estimate," "possible," "likely" or the negative thereof as well as other similar words and expressions of the future. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others: (i) the possibility that any of the anticipated benefits of the proposed transaction will not be realized or will not be realized within the expected time period; (ii) the risk that integration of the operations of the branch locations with the Bank will be materially delayed or will be more costly or difficult than expected; (iii) the effect of the announcement of the transaction on employee relationships, customer relationships and operating results; and (iv) the satisfaction of closing conditions, including, but not limited to, the receipt of requisite regulatory approvals. For a discussion of additional factors that could cause actual results to differ materially from those described in the forward-looking statements, please see the risk factors discussed in the Company's Form 10-K for the year ended December 31, 2023, its Forms 10-Q for the quarters ended March 31, 2024 and June 30, 2024, and other reports that ar

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit 99.1 Press Release of Old Second National Bank, dated August 27, 2024 99.2 Investor Presentation of Old Second Bancorp, Inc./Old Second National Bank, dated August 27, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. OLD SECOND BANCORP, INC. Dated: August 27, 2024 By: /s/ Bradley S. Adams Bradley S. Adams Executive Vice President, Chief Operating Officer and Chief Financial Officer

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