Company: OSBC
Filing Date: 2025-02-26
Form Type: 425
Source: 0000357173-25-000023
Chunk: 1

Company: OLD SECOND BANCORP INC
Filing Date: 2025-02-26
Form: 425
Chunk 1
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 additional information about the merger and where to find it, please see the slide titled additional information and the related investor presentation.

In addition, we'd like to caution you that this call and the related investor presentation contains forward-looking statements about our expectations or predictions of future financial or business performance or conditions with respect to the proposed merger. Please refer to the cautionary note regarding forward-looking statements in the investor presentation for a description of the risks and uncertainties that could cause actual results to differ materially from those reflected in any forward-looking statements.

We are very excited to announce this morning a combination of Old Second and Evergreen. Importantly, as we start this off, I would like to welcome the Evergreen team members to Old Second. We believe we have a strong future together, and we look forward to working with you.

The opportunity to pursue this combination is particularly exciting for us because Evergreen is a franchise we have known and respected for a very long time. From its founding following a merger in the Western suburbs of Chicago, Darin Campbell, the CEO of Evergreen and his team have built a highly profitable franchise by concentrating on the business if they know best. They have built a best-in-class consumer lending franchise that has competed and won against some of the biggest and best banks in the country. We feel that Evergreen is the perfect partner in helping us diversify and grow our asset generation capability.

As many of you know, we have spent much of the last years following the acquisition of an unlevered deposit franchise focused on this goal. This transaction is an important step forward in continuing to build a better and more diversified lending franchise. It will improve our profitability and operating efficiencies by adding a strong risk-adjusted return lending franchise.

Darin Campbell, who led Evergreen, along with the executive management team and all of their employees have built a first-class organization that is extremely complementary to our organization with shared core values and commitments to all their stakeholders.

Upon the closing of the transaction, we expect to welcome Darin to our Board of Directors and our executive management team. I'm excited he has agreed to join the team and lead our consumer lending efforts. Darin is both an entrepreneur and a charismatic leader.

Shortly, Brad will run through the financial highlights of the transaction, but I'm extremely optimistic about our future as we believe this acquisition will be a catalyst for continued earnings and balance sheet growth. The combination will result in the balance sheet with substantially less interest rate sensitivity, driving both from the asset side and the liability side.

Closing of the transaction will