Old Second Bancorp Acquires First Merchants Bank Branches

Old Second Bancorp (OSBC) has issued an update.

Old Second National Bank is set to expand its footprint in the Chicago area by acquiring assets and assuming liabilities of five First Merchants Bank branches. This strategic move, expected to finalize in the fourth quarter of 2024 pending regulatory approval, is part of the bank’s growth trajectory but comes with the usual caveats of forward-looking statements, including potential differences in actual results due to various risks and uncertainties associated with such transactions.

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