Old Second Bancorp Files 8-K with Material Agreement
Ticker: OSBC · Form: 8-K · Filed: 2025-02-25T00:00:00.000Z
Sentiment: neutral
Topics: material-agreement, 8-k
TL;DR
Old Second Bancorp signed a material definitive agreement, filing an 8-K on Feb 25, 2025.
AI Summary
On February 24, 2025, Old Second Bancorp, Inc. filed an 8-K report detailing a material definitive agreement. The filing also includes information on other events and financial statements/exhibits, with the report being filed on February 25, 2025.
Why It Matters
This filing indicates a significant new agreement for Old Second Bancorp, which could impact its business operations and financial standing.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.
Key Players & Entities
- OLD SECOND BANCORP INC (company) — Registrant
- February 24, 2025 (date) — Date of earliest event reported
- February 25, 2025 (date) — Date of report filing
- 37 South River Street Aurora, Illinois 60507 (address) — Principal executive offices
FAQ
What is the nature of the material definitive agreement filed by Old Second Bancorp, Inc.?
The provided text does not specify the details of the material definitive agreement, only that one was entered into.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on February 24, 2025.
On what date was this 8-K filing submitted to the SEC?
The 8-K filing was submitted on February 25, 2025.
What is the principal executive office address for Old Second Bancorp, Inc.?
The principal executive office is located at 37 South River Street, Aurora, Illinois 60507.
What is the Standard Industrial Classification code for Old Second Bancorp, Inc.?
The Standard Industrial Classification code is 6022 for State Commercial Banks.
From the Filing
0000357173-25-000018.txt : 20250225 0000357173-25-000018.hdr.sgml : 20250225 20250225070038 ACCESSION NUMBER: 0000357173-25-000018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 41 CONFORMED PERIOD OF REPORT: 20250224 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250225 DATE AS OF CHANGE: 20250225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OLD SECOND BANCORP INC CENTRAL INDEX KEY: 0000357173 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 363143493 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-10537 FILM NUMBER: 25659330 BUSINESS ADDRESS: STREET 1: 37 S RIVER ST CITY: AURORA STATE: IL ZIP: 60507 BUSINESS PHONE: 6308920202 MAIL ADDRESS: STREET 1: 37 SOUTH RIVER STREET CITY: AURORA STATE: IL ZIP: 60507 8-K 1 tmb-20250224x8k.htm 8-K Old Second Bancorp, Inc OLD SECOND BANCORP INC 0000357173 false 0000357173 2025-02-24 2025-02-24 ​ I ​ United States Securities And Exchange Commission Washington, D.C. 20549 ​ FORM 8-K ​ Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 24, 2025 (Exact name of registrant as specified in its charter) ​ ​ ​ Delaware 000-10537 36-3143493 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) ​ 37 South River Street Aurora , Illinois 60507 (Address of principal executive offices) (Zip code) ( 630 ) 892-0202 ( Registrant’s telephone number, including area code) N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): ☒   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: ​ ​ ​ ​ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock OSBC The Nasdaq Stock Market ​ ​ ​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2). Emerging growth company   ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐ ​ ​ ​ ​ Item 1.01 Entry into a Definitive Material Agreement. ​ On February 24, 2025, Old Second Bancorp, Inc. (“ Old Second ”) and Bancorp Financial, Inc. (“ Bancorp Financial ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”).  The Merger Agreement provides that, upon the terms and subject to the conditions set forth therein, Bancorp Financial will merge with and into Old Second, with Old Second continuing as the surviving entity (the “ Merger ”).  Immediately following the Merger, Evergreen Bank Group, an Illinois state-chartered bank and wholly-owned subsidiary of Bancorp Financial, will merge with and into Old Second National Bank, a