Old Second Bancorp Inc (OQ:OSBC)
Business Focus: Commercial Banks
Apr 17, 2024 04:30 pm ET
Old Second Bancorp, Inc. Reports First Quarter 2024 Net Income of $21.3 Million, or $0.47 per Diluted Share
AURORA, IL / ACCESSWIRE / April 17, 2024 / Old Second Bancorp, Inc. (the "Company," "Old Second," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the first quarter of 2024. Our net income was $21.3 million, or $0.47 per diluted share, for the first quarter of 2024, compared to net income of $18.2 million, or $0.40 per diluted share, for the fourth quarter of 2023, and net income of $23.6 million, or $0.52 per diluted share, for th
Apr 15, 2024 11:00 am ET
O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Catalina Finer Food, LLC in their Acquisition of Saugatuck Kitchens, LLC
CHICAGO, IL / ACCESSWIRE / April 15, 2024 / O2 Sponsor Finance, a division of Old Second National Bank, announced that it provided senior secured credit facilities to support their client Catalina Finer Food, LLC ("Catalina") in their acquisition of Saugatuck Kitchens, LLC in partnership with shareholders Midwest Growth Partners, Promise Holdings, Gemini Investors, Farragut Capital Partners, Lake Country Capital, SharpVue Capital, and Spring Capital ("the Sponsors").
Mar 20, 2024 11:00 am ET
O2 Sponsor Finance provides Senior Secured Credit Facilities to Support Corridor Capital in its Acquisition of Association Headquarters
CHICAGO, IL / ACCESSWIRE / March 20, 2024 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided senior secured credit facilities to support Corridor Capital in its acquisition of Association Headquarters, LLC ("Association HQ").
Mar 07, 2024 11:00 am ET
Daniele Joins Old Second National Bank
AURORA, IL / ACCESSWIRE / March 7, 2024 / Old Second National Bank welcomes the addition of Mike Daniele as Senior Vice President in the Commercial Banking group. Having a career of over 20 years as a relationship banker, Daniele has served and advised privately-owned businesses in and around Chicagoland.
Mar 07, 2024 11:00 am ET
Rankins Joins Old Second National Bank
AURORA, IL / ACCESSWIRE / March 7, 2024 / Old Second National Bank (NASDAQ:OSBC) welcomes the addition of Steve Rankins as a Senior Vice President/Senior Managing Director in our Commercial Banking Group. Having over 30 years in commercial banking as a relationship banker, manager and leader, Steve has led banking teams serving and advising privately owned businesses in and around Chicagoland, most recently with Fifth Third Bank and First Midwest Bank.
Feb 21, 2024 11:00 am ET
O2 Sponsor Finance Promotes Nick O’Brien to Senior Vice President
CHICAGO, IL / ACCESSWIRE / February 21, 2024 / O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ:OSBC), today announced that it has promoted Nick O'Brien to Senior Vice President.
Jan 24, 2024 04:30 pm ET
Old Second Bancorp, Inc. Reports Fourth Quarter 2023 Net Income of $18.2 Million, or $0.40 per Diluted Share
AURORA, IL / ACCESSWIRE / January 24, 2024 / Old Second Bancorp, Inc. (the "Company," "Old Second," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the fourth quarter of 2023. Our net income was $18.2 million, or $0.40 per diluted share, for the fourth quarter of 2023, compared to net income of $24.3 million, or $0.54 per diluted share, for the third quarter of 2023, and net income of $23.6 million, or $0.52 per diluted share, for
Jan 03, 2024 11:00 am ET
O2 Sponsor Finance provides $12 Million in Senior Secured Credit Facilities to Support Soundcore Capital Partners’ Acquisitions of Top Notch Dock & Door, Top Notch Garage Door and Premier Overhead Doo
CHICAGO, IL / ACCESSWIRE / January 3, 2024 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided $12 million in senior secured credit facilities to support Soundcore Capital Partners' formation of Door & Dock Holdings, LLC ("Door & Dock Holdings") through its investment into both Top Notch Dock & Door and Top Notch Garage Door (collectively "Top Notch") and Premier Overhead Doors ("Premier").
Oct 18, 2023 04:45 pm ET
Old Second Bancorp, Inc. Reports Third Quarter 2023 Net Income of $24.3 Million, or $0.54 per Diluted Share
AURORA, IL / ACCESSWIRE / October 18, 2023 / Old Second Bancorp, Inc. (the "Company," "Old Second," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the third quarter of 2023. Our net income was $24.3 million, or $0.54 per diluted share, for the third quarter of 2023, compared to net income of $25.6 million, or $0.56 per diluted share, for the second quarter of 2023, and net income of $19.5 million, or $0.43 per diluted share, for
Sep 01, 2023 11:00 am ET
Anfenson Joins Old Second
CHICAGO, IL / ACCESSWIRE / September 1, 2023 / Old Second National Bank welcomes the addition of Carl Anfenson as a Senior Vice President in our middle market Commercial Banking group. Having a career of over 30 years as a middle-market relationship banker, Carl has led banking teams serving and advising privately-owned businesses in and around Chicagoland most recently with MB Financial Bank and Huntington Bank.
Aug 08, 2023 11:00 am ET
O2 Sponsor Finance Provides $25MM Credit Facility to Support Pike Street Capital Portfolio Company PumpTech in its Acquisitions of Alpha Southwest & Pipestone
CHICAGO, IL / ACCESSWIRE / August 8, 2023 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided $25,000,000 in senior secured credit facilities to support Pike Street Capital's portfolio company PumpTech in its acquisitions of Alpha Southwest and Pipestone (together "PumpTech").
Jul 19, 2023 04:50 pm ET
Old Second Bancorp, Inc. Reports Second Quarter 2023 Net Income of $25.6 Million, or $0.56 per Diluted Share
AURORA, IL / ACCESSWIRE / July 19, 2023 / Old Second Bancorp, Inc. (the "Company," "Old Second," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the second quarter of 2023. Our net income was $25.6 million, or $0.56 per diluted share, for the second quarter of 2023, compared to net income of $23.6 million, or $0.52 per diluted share, for the first quarter of 2023, and net income of $12.2 million, or $0.27 per diluted share, for th
Jun 22, 2023 11:00 am ET
O2 Sponsor Finance Provides $24.5MM Credit Facility to Support Tilia Holding’s Recapitalization of Refrig-IT
CHICAGO, IL / ACCESSWIRE / June 22, 2023 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided $24,581,000 in senior secured credit facilities to support Tilia Holding's recapitalization of Refrig-IT Inc. and its affiliate Trilogy Warehouse Partners (together "Refrig-IT").
May 04, 2023 11:00 am ET
O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Graycliff Partners’ Growth Investment in Republic Electric Company
CHICAGO, IL / ACCESSWIRE / May 4, 2023 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided senior secured credit facilities to support Graycliff Partners' growth investment in Republic Electric Company ("Republic").
Apr 19, 2023 05:00 pm ET
Old Second Bancorp, Inc. Reports First Quarter 2023 Net Income of $23.6 Million, or $0.52 per Diluted Share
AURORA, IL / ACCESSWIRE / April 19, 2023 / Old Second Bancorp, Inc. (the "Company," "Old Second," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the first quarter of 2023. Our net income was $23.6 million, or $0.52 per diluted share, for the first quarter of 2023, compared to net income of $23.6 million, or $0.52 per diluted share, for the fourth quarter of 2022, and net income of $12.0 million, or $0.27 per diluted share, for th
Apr 13, 2023 11:00 am ET
O2 Sponsor Finance provides $23 Million in Senior Secured Credit Facilities to Support Hastings Equity Partners’ acquisition of TERRA Staffing Group
CHICAGO, IL / ACCESSWIRE / April 13, 2023 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided senior secured credit facilities to support Hastings Equity Partners' acquisition of TERRA Staffing Group ("TERRA").
Mar 21, 2023 11:00 am ET
O2 Sponsor Finance Provides over $44 Million in Senior Secured Credit Facilities to Support Soundcore Capital Partners’ Acquisitions of ACI Asphalt & Concrete, LLC & ACS Asphalt Concrete Solutions
CHICAGO, IL / ACCESSWIRE / March 21, 2023 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it served as senior secured credit facilities administrative agent and lead arranger for over $44 million in senior secured credit facilities to support Soundcore Capital Partners' acquisitions of ACI Asphalt & Concrete, LLC ("ACI") and ACS Asphalt Concrete Solutions ("ACS").
Jan 25, 2023 04:30 pm ET
Old Second Bancorp, Inc. Reports Fourth Quarter 2022 Net Income of $23.6 Million, or $0.52 per Diluted Share
AURORA, IL / ACCESSWIRE / January 25, 2023 / Old Second Bancorp, Inc. (the "Company," "Old Second," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the fourth quarter of 2022. Our net income was $23.6 million, or $0.52 per diluted share, for the fourth quarter of 2022, compared to net income of $19.5 million, or $0.43 per diluted share, for the third quarter of 2022, and a net loss of $9.1 million, or $0.26 per diluted share, for
Nov 21, 2022 09:00 am ET
O2 Sponsor Finance Provides $13.3MM Senior Credit Facility to Support West Edge Partners' Acquisition of Dakotaland Autoglass
CHICAGO, IL / ACCESSWIRE / November 21, 2022 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided $13,350,000 in senior secured credit facilities to support West Edge Partners acquisition of Dakotaland Autoglass ("DAG" or the "Company").
Oct 26, 2022 05:55 pm ET
Old Second Bancorp, Inc. Reports Third Quarter 2022 Net Income of $19.5 Million, or $0.43 per Diluted Share
AURORA, IL / ACCESSWIRE / October 26, 2022 / Old Second Bancorp, Inc. (the "Company," "Old Second," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the third quarter of 2022. Our net income was $19.5 million, or $0.43 per diluted share, for the third quarter of 2022, compared to net income of $12.2 million, or $0.27 per diluted share, for the second quarter of 2022, and net income of $8.4 million, or $0.29 per diluted share, for t
Sep 19, 2022 09:00 am ET
O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Prospect Partners' Recapitalization of Blackwood Solutions
CHICAGO, IL / ACCESSWIRE / September 19, 2022 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided senior secured credit facilities to support Prospect Partners' recapitalization, with management, of Blackwood Solutions & its related entities (together "Blackwood").
Aug 19, 2022 11:00 am ET
O2 Sponsor Finance provides $41.5MM Credit Facility to Support Borgman Capital's Gilman Cheese acquisition of Dairyfood USA
CHICAGO, IL / ACCESSWIRE / August 19, 2022 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it acted as Administrative Agent and Lead Arranger for $41.5 in senior secured credit facilities to support Borgman Capital's portfolio company Gilman Cheese Corporation in its acquisition of Dairyfood USA. (together the "Company").
Jul 11, 2022 11:00 am ET
O2 Sponsor Finance Provides Over $22.8 Million of Secured Financing to Support Cairngorm Capital Partners LLP and SageHome Inc. in Their Acquisition of New Bath Today Inc.
CHICAGO, IL / ACCESSWIRE / July 11, 2022 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided over $22,800,000 of secured financing to support Cairngorm Capital Partners LLP ("Cairngorm") and SageHome Inc. ("SageHome") in their acquisition of New Bath Today Inc. ("NBT").
Apr 29, 2022 02:30 pm ET
Pike Joins Old Second National Bank
AURORA, IL / ACCESSWIRE / April 29, 2022 / Gregory S. Pike of Buffalo Grove has been named Executive Vice President and Chief Credit Officer at Old Second National Bank. He will lead the bank's credit functions. His responsibilities include credit administration, investment analysis, risk analysis, and management and development of credit staff. He brings to the bank over 20 years of commercial credit experience.
Apr 19, 2022 08:00 am ET
Old Second National Bank Expands Collaboration with Jack Henry
Expanded relationship will deliver greater efficiencies, new digital capabilities, and stronger connections
Apr 05, 2022 04:30 pm ET
Mar 31, 2022 10:00 am ET
Balogh Promoted To Executive Vice President At Old Second
AURORA, IL / ACCESSWIRE / March 31, 2022 / Sylvia Balogh of Elmhurst has been promoted to Executive Vice President of Retail Banking at Old Second National Bank. She will continue to head the bank's retail banking division which now includes a total of 48 branches across the Chicago Metro market following the acquisition of West Suburban Bank in December of 2021. She brings to the bank over 25 years of banking experience with expertise in regional sales management, business banking, and investment banking.
Jan 19, 2022 07:00 am ET
Old Second Bank Creates O2 Sponsor Finance with Addition of Five Prominent Sponsor Finance Professionals
New team will help propel Old Second's growth, leadership position within the banking and private equity industries and better serve customers
Dec 01, 2021 08:50 am ET
Old Second Completes Merger with West Suburban
AURORA, IL / ACCESSWIRE / December 1, 2021 / Old Second Bancorp, Inc. (NASDAQ:OSBC) ("Old Second") announced today that it has completed its previously announced merger with West Suburban Bancorp, Inc. ("West Suburban"), effective December 1, 2021. Also effective December 1, 2021, West Suburban's subsidiary bank, West Suburban Bank, merged into Old Second's subsidiary bank, Old Second National Bank.
Nov 30, 2021 11:15 am ET
Old Second and West Suburban Announce Shareholder Approval of Merger
AURORA and LOMBARD, IL / ACCESSWIRE / November 30, 2021 / Old Second Bancorp, Inc. (Nasdaq:OSBC) ("Old Second") and West Suburban Bancorp, Inc. ("West Suburban") jointly announced today that each has received shareholder approval for the merger of West Suburban into Old Second in a cash and stock transaction. The merger, which was announced on July 25, 2021, is expected to close on December 1, 2021, subject to satisfaction of customary closing conditions. The combined company, on a pro forma basis using September 30, 2021 financial information, will have ap
Nov 09, 2021 10:40 pm ET
WEST SUBURBAN INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of West Suburban Bancorp, Inc. - WNRP
NEW ORLEANS, Nov. 9, 2021 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of West Suburban Bancorp, Inc. (OTC: WNRP) to Old Second Bancorp, Inc. (Nasdaq: OSBC). Under the terms of the proposed transaction, shareholders of West Suburban will receive 42.413 shares of Old Second common stock and $271.15 in cash for each share of West Suburban that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the co
Oct 20, 2021 07:31 pm ET
Old Second Reports Third Quarter Net Income of $8.4 million, or $0.29 per Diluted Share
AURORA, Ill., Oct. 20, 2021 /PRNewswire/ -- Old Second Bancorp, Inc. (the "Company," "Old Second," "we," "us," and "our") (NASDAQ: OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the third quarter of 2021. Our net income was $8.4 million, or $0.29 per diluted share, for the third quarter of 2021, compared to net income of $8.8 million, or $0.30 per diluted share, for the second quarter of 2021, and net income of $10.3 million, or $0.34 per diluted share, for the third quarter of 2020. Net income for the third quarter of 2021 reflect
Oct 15, 2021 11:02 am ET
Old Second Bancorp, Inc. Announces Receipt of Regulatory Approvals to Complete its Merger Transaction with West Suburban Bancorp, Inc.
AURORA, Ill., Oct. 15, 2021 /PRNewswire/ -- Aurora, IL-based Old Second Bancorp, Inc. ("Old Second", NASDAQ: OSBC), the holding company for Old Second National Bank, announced today that it has received the bank regulatory approvals required to complete its previously announced merger with Lombard, IL-based West Suburban Bancorp, Inc. ("West Suburban"), and its wholly-owned subsidiary, West Suburban Bank.
Oct 04, 2021 07:00 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates MSON, RIVE, OSBC, IRT, ISBC; Shareholders are Encouraged to Contact the Firm
NEW YORK, Oct. 4, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:
Oct 01, 2021 10:25 pm ET
SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Old Second Bancorp, Inc. - OSBC
NEW YORK, Oct. 1, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Old Second Bancorp, Inc. ("OSBC" or the "Company") (OSBC) relating to its proposed merger with West Suburban Bancorp. Under the terms of the agreement, West Suburban shareholders will receive 42.413 shares of OSBC and $271.15 in cash per share they own.
Sep 26, 2021 11:02 pm ET
ALERT: Halper Sadeh LLP Investigates INOV, GWB, OSBC, NLOK, SIC, ADTN; Shareholders are Encouraged to Contact the Firm
NEW YORK, Sept. 26, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:
Aug 25, 2021 02:06 pm ET
Old Second Bancorp Announces the Appointment of New Director
AURORA, Ill., Aug. 25, 2021 /PRNewswire/ -- Old Second Bancorp, Inc. (the "Old Second ) (NASDAQ: OSBC), the holding company for Old Second National Bank (the "Bank"), announced today that it has increased the size of the Board of Directors to 14 members and appointed Dennis Klaeser to the Board, effective August 17, 2021. Mr. Klaeser was also appointed to the Board of Directors of the Bank.
Aug 05, 2021 08:00 am ET
INVESTIGATION ALERT: Halper Sadeh LLP Investigates SQ, TBIO, OSBC, IKNX; Shareholders are Encouraged to Contact the Firm
Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Square, Inc. (NYSE: SQ) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its...
Aug 04, 2021 11:41 am ET
Lifshitz Law Firm, P.C. Announces Investigation of HFC, OSBC, RYFL and TBIO
HollyFrontier Corporation (NYSE: HFC) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the merger of HFC and Sinclair Oil Corporation. If you are an investor, and would like...
Aug 03, 2021 08:51 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates MDLA, SQ, TBIO, OSBC; Shareholders are Encouraged to Contact the Firm
NEW YORK, Aug. 3, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:
Jul 29, 2021 10:29 am ET
Lifshitz Law Firm, P.C. Announces Investigation of ALTA, CMO, VLLX, and OSBC
Altabancorp (NasdaqCM: ALTA) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the merger of ALTA with GBCI. If you are an investor, and would like information about our investigation,...
Jul 28, 2021 02:15 pm ET
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of West Suburban Bancorp, Inc. Merger
Rigrodsky Law, P.A. announces that it is investigating West Suburban Bancorp, Inc. (“West Suburban Bancorp”) (OTC: WNRP) regarding possible breaches of fiduciary duties and other violations of law related to West Suburban Bancorp’s agreement to be...
Jul 27, 2021 04:55 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates MDLA, OSBC, CMO, LDL; Shareholders are Encouraged to Contact the Firm
NEW YORK, July 27, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:
Jul 27, 2021 03:31 pm ET
WEST SUBURBAN BANCORP ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of WNRP and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of West Suburban Bancorp, Inc. (Other OTC: WNRP) breached their fiduciary duties or violated the...
Jul 26, 2021 05:50 pm ET
SHAREHOLDER ALERT: WeissLaw LLP Investigates West Suburban Bancorp, Inc.
NEW YORK, July 26, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of West Suburban Bancorp, Inc. ("West Suburban" or the "Company") (OTC: WNRP) in connection with the Company's proposed merger with Old Second Bancorp Inc. ("Old Second") (NASDAQ: OSBC)). Under the terms of the merger agreement, West Suburban shareholders will receive $271.15 in cash and 42.413 shares of Old Second stock for each West Suburban share they own, representing implied per-share merger consideration of approximately $769.93
Jul 26, 2021 11:33 am ET
Old Second Bancorp Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Old Second Bancorp, Inc. is Fair to Shareholders; Investors are Encouraged to Contact the Firm – O
Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Old Second Bancorp, Inc. (NASDAQ: OSBC) and West Suburban Bancorp, Inc. is fair to Old Second Bancorp shareholders. Under the terms of the merger agreement,...
Jul 26, 2021 05:44 am ET
Old Second and West Suburban Announce Combination to Create the Leading Community Bank in Chicago
AURORA, Ill. and LOMBARD, Ill., July 26, 2021 /PRNewswire/ -- Old Second Bancorp, Inc. (Nasdaq: OSBC) ("Old Second") and West Suburban Bancorp, Inc. ("West Suburban") jointly announced today the signing of a definitive merger agreement for Old Second to acquire West Suburban in a cash and stock transaction.
Jul 21, 2021 05:30 pm ET
Old Second Reports Second Quarter Net Income of $8.8 million, or $0.30 per Diluted Share
AURORA, IL / ACCESSWIRE / July 21, 2021 / Old Second Bancorp, Inc. (the "Company," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the second quarter of 2021. Our net income was $8.8 million, or $0.30 per diluted share, for the second quarter of 2021, compared to net income of $11.9 million, or $0.40 per diluted share, for the first quarter of 2021, and net income of $9.2 million, or $0.31 per diluted share, for the second quarter of 2020.
Jun 30, 2021 04:21 pm ET
Old Second National Bank Named #1 Bank in Illinois by Customers for Second Straight Year
AURORA, Ill., June 30, 2021 /PRNewswire/ -- Old Second National Bank repeated as number one among "Best Banks in Illinois 2021." The annual survey was conducted by Forbes and research firm Statista. In 2020, Old Second was also #1 and in 2019 among the top five.
Apr 21, 2021 05:30 pm ET
Old Second Reports First Quarter Net Income of $11.9 million, or $0.40 per Diluted Share, Increases Quarterly Dividend to $0.05 per Share
AURORA, IL / ACCESSWIRE / April 21, 2021 / Old Second Bancorp, Inc. (the "Company," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the first quarter of 2021. Our net income was $11.9 million, or $0.40 per diluted share, for the first quarter of 2021, compared to net income of $8.0 million, or $0.27 per diluted share, for the fourth quarter of 2020, and net income of $275,000, or $0.01 per diluted share, for the first quarter of 2020. Net income for
Jan 27, 2021 06:00 pm ET
Old Second Reports Fourth Quarter Net Income of $8.0 Million, or $0.27 per Diluted Share
AURORA, IL / ACCESSWIRE / January 27, 2021 / Old Second Bancorp, Inc. (the "Company," "we," "us," and "our") (NASDAQ: OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the fourth quarter of 2020. Our net income was $8.0 million, or $0.27 per diluted share, for the fourth quarter of 2020, compared to net income of $10.3 million, or $0.34 per diluted share, for the third quarter of 2020, and net income of $9.5 million, or $0.31 per diluted share, for the fourth quarter of 2019. Net in
Oct 21, 2020 05:15 pm ET
Old Second Reports Third Quarter Net Income of $10.3 million, or $0.34 per Diluted Share
AURORA, IL / ACCESSWIRE / October 21, 2020 / Old Second Bancorp, Inc. (the "Company," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the third quarter of 2020. Our net income was $10.3 million, or $0.34 per diluted share, for the third quarter of 2020, compared to net income of $9.2 million, or $0.31 per diluted share, for the second quarter of 2020, and net income of $12.2 million, or $0.40 per diluted share, for the third quarter of 2019. Net inco
Oct 19, 2020 02:00 pm ET
Old Second Bancorp Announces the Appointment of Two New Directors
AURORA, Ill., Oct. 19, 2020 /PRNewswire/ -- Old Second Bancorp, Inc. (the "Old Second ) (NASDAQ: OSBC), the holding company for Old Second National Bank (the "Bank"), announced today that it has increased the size of the Board of Directors to 13 members and appointed Billy J. Lyons, Jr. and Jill E. York to the Board, effective October 19, 2020. Mr. Lyons and Ms. York were also appointed to the Board of Directors of the Bank.
Jul 22, 2020 06:00 pm ET
Old Second Reports Second Quarter Net Income of $9.2 million, or $0.31 per Diluted Share
AURORA, IL / ACCESSWIRE / July 22, 2020 / Old Second Bancorp, Inc. (the "Company," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the second quarter of 2020. Our net income was $9.2 million, or $0.31 per diluted share, for the second quarter of 2020, compared to net income of $275,000, or $0.01 per diluted share, for the first quarter of 2020, and net income of $9.3 million, or $0.31 per diluted share, for the second quarter of 2019. Net income for
Apr 28, 2020 05:25 pm ET
Old Second Announces Postponement of 2020 Annual Meeting of Stockholders
AURORA, IL / ACCESSWIRE / April 28, 2020 / Old Second Bancorp, Inc. (the "Company," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced the postponement of the Company's 2020 Annual Meeting of Stockholders until August 18, 2020. The Board of Directors has rescheduled the Annual Meeting, which is usually held in May, after considering, among other things, ongoing developments with respect to the public health impacts of the coronavirus (COVID-19) outbreak, the he
Apr 22, 2020 05:30 pm ET
Old Second Reports First Quarter Net Income of $275,000, or $0.01 per Diluted Share, Driven by Provision for Credit Losses of $8.0 million
AURORA, IL / ACCESSWIRE / April 22, 2020 / Old Second Bancorp, Inc. (the "Company," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the first quarter of 2020. Our net income was $275,000, or $0.01 per diluted share, for the first quarter of 2020, compared to net income of $9.5 million, or $0.31 per diluted share, for the fourth quarter of 2019, and net income of $8.5 million, or $0.28 per diluted share, for the first quarter of 2019. Net income for t
Jan 22, 2020 05:00 pm ET
Old Second Reports Fourth Quarter 2019 Net Income of $9.5 million
AURORA, IL / ACCESSWIRE / January 22, 2020 / Old Second Bancorp, Inc. (the "Company," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the fourth quarter of 2019. Our net income was $9.5 million, or $0.31 per diluted share, for the fourth quarter of 2019, compared to net income of $12.2 million, or $0.40 per diluted share, in the third quarter of 2019, and net income of $8.6 million, or $0.28 per diluted share, for the fourth quarter of 2018.
Oct 23, 2019 05:00 pm ET
Old Second Reports Third Quarter 2019 Net Income of $12.2 million
AURORA, IL / ACCESSWIRE / October 23, 2019 / Old Second Bancorp, Inc. (the "Company," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the third quarter of 2019. Our net income was $12.2 million, or $0.40 per diluted share, for the third quarter of 2019, compared to net income of $9.3 million, or $0.31 per diluted share, in the second quarter of 2019, and net income of $9.6 million, or $0.32 per diluted share, for the third quarter of 2018.
Jul 25, 2019 11:20 am ET
Clark Joins Old Second
CHICAGO, July 25, 2019 /PRNewswire/ -- Donald J. Clark of Chicago has been named Senior Vice President, Commercial Banking, with Old Second National Bank, operating from the Chicago—Loop location. He will be responsible for developing and growing commercial banking, specializing in the senior housing and healthcare space.
Jul 25, 2019 11:20 am ET
Kohn Joins Old Second
CHICAGO, July 25, 2019 /PRNewswire/ -- Alan H. Kohn of Chicago has been named Group Market President, Senior Managing Director, with Old Second National Bank and will be located in the Chicago—Loop location. He will be responsible for expanding Old Second's national healthcare business line and augmenting well established middle market commercial banking business. Included in this effort will be recruiting seasoned commercial bankers with expertise in senior housing and other healthcare related industries, in addition to marketing the Bank's full suite of financial products.
Jul 25, 2019 11:20 am ET
Weinzelbaum Joins Old Second
CHICAGO, July 25, 2019 /PRNewswire/ -- Louis L. Weinzelbaum of Clarendon Hills has been named Group Market President, Senior Managing Director, with Old Second National Bank and will be located in Old Second's Chicago-Loop office. Louis will be responsible for developing and growing commercial banking business and leading the Professional Services practice. This includes assembling teams of seasoned commercial banking experts in commercial, industrial and professional service businesses, while also marketing Old Second's full suite of financial products to customers and prospects.
Jul 24, 2019 05:00 pm ET
Old Second Reports Second Quarter 2019 Net Income of $9.3 million New Commercial Lending Additions
AURORA, IL / ACCESSWIRE / July 24, 2019 / Old Second Bancorp, Inc. (the “Company” or “Old Second”) (NASDAQ: OSBC), the parent company of Old Second National Bank (the “Bank”), today announced financial results for the second quarter of 2019. The Company’s net income was $9.3 million, or $0.31 per diluted share, for the second quarter of 2019, compared to net income of $8.5 million, or $0.28 per diluted share, in the first quarter of 2019, and net income of $6.3 million, or $0.21 per diluted share, for the second quarter of 2018.
Jul 09, 2019 05:22 pm ET
Old Second National Bank Named Among Best Banks In Illinois
AURORA, Ill., July 9, 2019 /PRNewswire/ -- Old Second National Bank was recently named among "Best Banks in Illinois 2019" in a survey conducted by Forbes and research firm Statista.
Apr 24, 2019 05:10 pm ET
Old Second Reports First Quarter 2019 Net Income of $8.5 million
AURORA, IL / ACCESSWIRE / April 24, 2019 / Old Second Bancorp, Inc. (the ''Company'' or ''Old Second'') (NASDAQ: OSBC), the parent company of Old Second National Bank (the ''Bank''), today announced financial results for the first quarter of 2019. The Company's net income was $8.5 million, or $0.28 per diluted share, for the first quarter of 2019, compared to net income of $8.6 million, or $0.28 per diluted share, in the fourth quarter of 2018, and net income of $9.5 million, or $0.31 per diluted share, for the first quarter of 2018.
Jan 23, 2019 05:00 pm ET
Old Second Reports Fourth Quarter 2018 Net Income of $8.6 million
AURORA, IL / ACCESSWIRE / January 23, 2019 / Old Second Bancorp, Inc. (the "Company" or "Old Second") (NASDAQ: OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the fourth quarter of 2018. The Company's net income was $8.6 million, or $0.28 per diluted share, for the fourth quarter of 2018, compared to net income of $9.6 million, or $0.32 per diluted share, in the third quarter of 2018, and net loss of $2.5 million, or $0.08 per diluted share, for the fourth quarter of 2017.
Oct 24, 2018 05:00 pm ET
Old Second Reports Third Quarter 2018 Net Income of $9.6 Million
AURORA, IL / ACCESSWIRE / October 24, 2018 / Old Second Bancorp, Inc. (the "Company" or "Old Second") (NASDAQ: OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the third quarter of 2018. The Company's net income was $9.6 million, or $0.32 per diluted share, for the third quarter of 2018, compared to net income of $6.3 million, or $0.21 per diluted share, in the second quarter of 2018, and net income of $8.1 million, or $0.27 per diluted share, for the third quarter of 2017.
Aug 23, 2018 08:11 pm ET
Old Second Receives "Outstanding" CRA Rating
AURORA, Ill., Aug. 23, 2018 /PRNewswire/ -- Old Second National Bank (NASDAQ: OSBC) received the rating of "Outstanding" in its recent Community Reinvestment Act (CRA) Performance Evaluation.
Aug 08, 2018 08:20 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within ON Semiconductor, Old Second, Legg Mason, Praxair, Seritage Growth Properties, and Alexandria Real Estate Equities — New Research Em
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ON Semiconductor Corporation (NASDAQ:ON), Old Second Bancorp, Inc....
Jul 25, 2018 05:00 pm ET
Old Second Reports Second Quarter 2018 Net Income of $6.3 million
AURORA, IL / ACCESSWIRE / July 25, 2018 / Old Second Bancorp, Inc. (the "Company" or "Old Second") (NASDAQ: OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the second quarter of 2018. The Company's net income was $6.3 million, or $0.21 per diluted share, for the second quarter of 2018, compared to net income of $9.5 million, or $0.31 per diluted share, in the first quarter of 2018, and net income of $5.1 million, or $0.17 per diluted share, for the second quarter of 2017.On April 20, 2018, the Company completed it
May 04, 2018 07:55 am ET
Market Trends Toward New Normal in LRAD, Xencor, QuinStreet, Old Second, WesBanco, and Invitae — Emerging Consolidated Expectations, Analyst Ratings
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of LRAD Corporation (NASDAQ:LRAD), Xencor, Inc. (NASDAQ:XNCR), QuinStreet,...
Apr 25, 2018 05:00 pm ET
Old Second Reports First Quarter 2018 Net Income of $9.5 million
Successfully Completed the Acquisition of Greater Chicago Financial Corp. (ABC Bank)
Mar 21, 2018 07:30 am ET
Report: Developing Opportunities within TerraForm Power, Chase, Tompkins Financial, Nelnet, United Insurance, and Old Second — Future Expectations, Projections Moving into 2018
NEW YORK, March 21, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of TerraForm Power, Inc. (NASDAQ:TERP), Chase Corporation...
Jan 24, 2018 05:00 pm ET
Old Second Reports Fourth Quarter 2017 Net Loss of $2.5 Million
AURORA, IL / ACCESSWIRE / January 24, 2018 / Old Second Bancorp, Inc. (the ''Company'' or ''Old Second'') (NASDAQ: OSBC), the parent company of Old Second National Bank (the ''Bank''), today announced financial results for the fourth quarter of 2017. The Company's net loss was $2.5 million, or $0.08 per diluted share, for the fourth quarter of 2017, as compared to net income of $5.0 million, or $0.17 per diluted share, for the fourth quarter of 2016.
Jan 18, 2018 08:25 am ET
New Research: Key Drivers of Growth for Real Goods Solar, Cray, International Seaways, Straight Path Communications, Gorman-Rupp, and Old Second — Factors of Influence, Major Initiatives and Sustained
NEW YORK, Jan. 18, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Real Goods Solar, Inc. (NASDAQ:RGSE), Cray...
Dec 26, 2017 06:43 pm ET
Old Second Announces Strategic Acquisition Of Greater Chicago Financial Corp.
AURORA, Ill., Dec. 26, 2017 /PRNewswire/ -- Old Second Bancorp, Inc. (Nasdaq: OSBC) and Greater Chicago Financial Corp. jointly announced today the signing of a definitive agreement and plan of merger (the "Agreement") whereby Old Second Bancorp, Inc. will acquire Greater Chicago Financial Corp. and its wholly-owned bank subsidiary, ABC Bank, in an all cash transaction. Under the terms of the Agreement, Old Second Bancorp will acquire all of the outstanding common stock of Greater Chicago Financial Corp. in a transaction valued at approximately $41.1 million.
Oct 18, 2017 05:00 pm ET
Old Second Reports Third Quarter 2017 Net Income of $8.1 Million
AURORA, IL / ACCESSWIRE / October 18, 2017 / Old Second Bancorp, Inc. (the "Company" or "Old Second") (NASDAQ: OSBC), parent company of Old Second National Bank (the "Bank"), today announced financial results for the third quarter of 2017. The Company's net income was $8.1 million, or $0.27 per diluted share, for the third quarter of 2017, as compared to $5.1 million, or $0.17 per diluted share, for the second quarter of 2017, and $3.5 million, or $0.12 per diluted share, for the third quarter of 2016.
Apr 25, 2017 10:15 am ET
Old Second Bancorp Names Brad Adams Executive Vice President and Chief Financial Officer
AURORA, Ill., April 25, 2017 /PRNewswire/ -- Old Second Bancorp, Inc. (NASDAQ: OSBC), parent company of Old Second National Bank, today announced that Bradley S. Adams, 43, will join the Company as executive vice president and chief financial officer, effective May 2, 2017. Adams will also serve as the Company's principal financial officer and principal accounting officer. He most recently served as executive vice president and director of corporate development and strategy for TCF National Bank.
Feb 07, 2017 05:00 pm ET
Old Second Bancorp's CFO Doug Cheatham to Retire
AURORA, Ill., Feb. 7, 2017 /PRNewswire/ -- Old Second Bancorp, Inc. (NASDAQ: OSBC), parent company of Old Second National Bank, today announced that J. Douglas Cheatham, Executive Vice President, Chief Financial Officer and a member of the Board of Directors, will retire from the Company and the Board, effective March 15, 2017.
Dec 15, 2016 05:15 pm ET
Old Second Completes Senior Notes Offering
AURORA, Ill., Dec. 15, 2016 /PRNewswire/ -- Old Second Bancorp, Inc. (the "Company" or "Old Second") (NASDAQ: OSBC), the parent company of Old Second National Bank, today announced that it has completed an underwritten public offering of $45.0 million in aggregate principal amount of its 5.750% Fixed-to-Floating Rate Senior Notes due 2026. The Company used the net proceeds of the offering, together with cash on hand, to repay all of its outstanding senior secured term debt and subordinated debt, which was scheduled to mature in the first quarter of 2018.
Oct 31, 2016 12:25 pm ET
Old Second Completes Chicago Acquisition
AURORA, Ill., Oct. 31, 2016 /PRNewswire/ -- Old Second Bancorp, Inc. (the "Company" or "Old Second") (NASDAQ: OSBC) today announced that its banking subsidiary, Old Second National Bank (the "Bank"), completed its previously announced acquisition of the Chicago branch of Talmer Bank and Trust, effective October 28, 2016. As a result of this transaction, Old Second acquired approximately $48.9 million of deposits and approximately $223.4 million of loans.
Aug 01, 2016 10:00 am ET
Old Second Announces Agreement to Acquire the Chicago Branch of Talmer Bank and Trust
AURORA, Ill., Aug. 1, 2016 /PRNewswire/ -- Old Second Bancorp, Inc. (the "Company" or "Old Second") (NASDAQ: OSBC) today announced that its banking subsidiary, Old Second National Bank (the "Bank"), has agreed to acquire the Chicago branch of Talmer Bank and Trust, the banking subsidiary of Talmer Bancorp, Inc. ("Talmer") (NASDAQ: TLMR), including approximately $82 million of deposits and approximately $238 million of loans.
Feb 18, 2016 12:10 pm ET
Temple Rocks Joins Old Second Board
AURORA, Ill., Feb. 18, 2016 /PRNewswire/ -- Patti Temple Rocks of Geneva has joined the Old Second Bancorp Board of Directors. She currently serves as Managing Director for GOLIN, a global communications agency where she manages the agency's largest office. Prior to that, she served as Vice President of Global Public Affairs with Dow Chemical in Midland, Michigan. She has also served as Chief Reputation Officer with Leo Burnett Advertising in Chicago. Temple Rocks began her career with Dow Chemical and moved on to a number of agency roles including building and managing her own agency in C
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