Company: OSBC
Filing Date: 2025-05-08
Form Type: 424B3
Source: 0001104659-25-046065
Chunk: 71

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-08
Form: 424B3
Chunk 71
---
W by Old Second management, all of which information was discussed with KBW by such management and used and relied upon by KBW based on such discussions, at the direction of Bancorp Financial management and with the consent of the Bancorp Financial board of directors.

KBW also performed such other studies and analyses as it considered appropriate and took into account its assessment of general economic, market and financial conditions and its experience in other transactions, as well as its experience in securities valuation and knowledge of the banking industry generally. KBW also participated in discussions held with the managements of Bancorp Financial and Old Second, respectively, regarding the past and current business operations, regulatory relations, financial condition and future prospects of Bancorp Financial and Old Second and such other matters as KBW deemed relevant to its inquiry.

<div align='center'>43</div>

TABLE OF CONTENTS

In conducting its review and arriving at its opinion, KBW relied upon and assumed the accuracy and completeness of all of the financial and other information that was provided to or discussed with it or that was publicly available and KBW did not independently verify the accuracy or completeness of any such information or assume any responsibility or liability for such verification, accuracy or completeness. KBW relied upon the management of Bancorp Financial as to the reasonableness and achievability of the financial and operating forecasts and projections of Bancorp Financial referred to above (and the assumptions and bases therefor), and KBW assumed that such forecasts and projections were reasonably prepared and represented the best currently available estimates and judgments of such management and that such forecasts and projections would be realized in the amounts and in the time periods estimated by such management. KBW further relied, with the consent of Bancorp Financial, upon Old Second management as to the reasonableness and achievability of the publicly available consensus “street estimates” of Old Second and the assumed Old Second long-term growth rates, all as referred to above (and the assumptions and bases for all such information), and KBW assumed that all such information was reasonably prepared and represented, or in the case of the Old Second consensus “street estimates” referred to above that such estimates were consistent with, the best currently available estimates and judgments of Old Second management and that the forecasts and projections reflected in such information would be realized in the amounts and in the time periods estimated.

It is understood that the portion of the foregoing financial information of Bancorp Financial and Old Second that was provided to KBW was not prepared with the expectation of public disclosure and that all of the foregoing financial information, including