Company: OSBC
Filing Date: 2025-02-26
Form Type: 425
Source: 0000357173-25-000023
Chunk: 11

Company: OLD SECOND BANCORP INC
Filing Date: 2025-02-26
Form: 425
Chunk 11
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. I am excited about this deal for one reason only, the amount of capital it takes to do it is relatively small. The marks are not onerous, yet the balance sheet impact is quite profound.

The ability to raise asset sensitivity to earn more money doing so and to not take duration associated with it is exceptional. That is a terrific capital investment opportunity right now. Given that I said in the last call that I believe risk were relatively balanced between higher and lower interest rates. So being more balanced is a pretty good thing. So that's very exciting to me. In that sense, I love this transaction. But a big part of why I like it so much is because I spent a lot of time with Darin. And he and his team are very good managers and very good people, and they run a good business.

And when you're trying to build a top-performing community bank, finding good management is difficult to do. And they add something. They make us better, which is great. So, in that sense, it is a terrific use of capital. Is that always true in M&A? Most certainly is not. So that's why, I guess those comments were written that way.

Q:Got it. Well, it looks like a great transaction for you and the team, so congratulations.

Bradley Adams - EVP, Chief Operating & Chief Financial Officer, Old Second Bancorp, Inc.

Yes, we certainly think so.

Operator

Thank you. We have a question from Brian Martin with Janney. Your line is live.

Q:Hey, good morning, guys. Congratulations.

James Eccher - Chairman and CEO of Old Second Bancorp, Inc. & Old Second National Bank

Thank you.

Bradley Adams - EVP, Chief Operating & Chief Financial Officer, Old Second Bancorp, Inc.

Good morning, Brian. Thank you.

Q:Brad, just on the use of capital back there for a moment. Just on the buyback, given the announcement of the transaction, if you were to consider the buyback, how quickly could you get back into that if you opted to do that?

Bradley Adams - EVP, Chief Operating & Chief Financial Officer, Old Second Bancorp, Inc.

48 hours from today.

Q:Okay. So, you could be doing it before the transaction closes, without an issue here in the next couple of quarters.

Bradley Adams - EVP, Chief Operating & Chief Financial Officer, Old Second Bancorp, Inc.

I mean I haven't had a lawyer op