Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 94

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 94
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 3 of the Bank Holding Company Act of 1956, which we refer to as the “BHC Act.” In evaluating an application under Section 3 of the BHC Act, the Federal Reserve Board considers several

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statutory factors. These include the competitive effects of the proposed transaction; the financial and managerial resources and future prospects of the bank holding companies and banks involved; and the convenience and needs of the communities to be served. In assessing financial and managerial resources, the Federal Reserve Board evaluates, among other things, the capital, liquidity, and earnings of the organizations; the competence, experience, and integrity of the officers, directors, and principal stockholders; and the organizations’ records of compliance with applicable laws and regulations. The Federal Reserve Board also considers the effectiveness of the institutions involved in combating money laundering and related financial crimes.

In recent years, the Federal Reserve Board has placed increased emphasis on the systemic risk implications of banking combinations. As a result, the Federal Reserve Board will also evaluate whether the proposed transaction could result in greater or more concentrated risks to the stability of the U.S. banking or financial system. In addition, the Federal Reserve Board will review the record of performance of each insured depository institution involved in the merger under the Community Reinvestment Act of 1977, as amended, which we refer to as the “CRA.”

#### Office of the Comptroller of the Currency
The prior approval of the OCC under the Bank Merger Act is required for the merger of Evergreen Bank Group with and into Old Second National Bank. In reviewing applications under the Bank Merger Act, the OCC is required to consider a number of statutory factors, including the effect of the proposed merger on competition; the financial and managerial resources and future prospects of the existing banks and the resulting institution; the convenience and needs of the communities to be served; the effectiveness of the banks in combating money laundering; and the potential risks posed by the transaction to the stability of the U.S. banking or financial system.

In line with recent OCC policy, the agency also considers whether the proposed merger is consistent with safe and sound banking practices and whether the resulting institution has a credible plan to continue to meet the needs of all communities it will serve. The OCC evaluates the capital levels of the resulting bank, the legality and purpose of the merger, and the expected impact of the transaction on the safety and soundness of the resulting institution, as well as on the interests of its stockholders, deposit