Old Second Bancorp completes merger with Bancorp Financial

Old Second Bancorp (OSBC) has completed its previously announced merger with Bancorp Financial. Also, effective July 1, 2025, Bancorp Financial’s subsidiary bank, Evergreen Bank Group, merged into Old Second’s subsidiary bank, Old Second National Bank. Under the terms of the merger agreement, Bancorp Financial shareholders will receive 2.5814 shares of Old Second common stock and $15.93 in cash for each share of Bancorp Financial common stock. Subsequent to the closing, Old Second had, on a proforma basis as of March 31, 2025, approximately $6.98 billion in assets, $5.95B in deposits and $5.09B in loans, with 56 locations in the downtown, west and south suburban Chicago market. In connection with the merger, Darin Campbell, Bancorp Financial’s and Evergreen Bank Group’s President and CEO, joined the Old Second and Old Second National Bank boards of directors, and Jill Voss, Bancorp Financial’s CFO, joined the Old Second National Bank board of directors.