Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 102

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 102
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 in the merger agreement;

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will not survive consummation of the merger;

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may be intended not as statements of fact, but rather as a way of allocating the risk to one of the parties to the merger agreement if those statements turn out to be inaccurate;

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are in some cases subject to a materiality standard described in the merger agreement which may differ from what may be viewed as material by you; and

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were made only as of the date of the merger agreement or such other date as is specified in the merger agreement.

The merger agreement contains representations and warranties made by each of Old Second and Bancorp Financial relating to a number of matters. With respect to Bancorp Financial, these representations and warranties include the following:

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TABLE OF CONTENTS

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corporate matters, including due organization and qualification and subsidiaries;

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capitalization;

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authority relative to execution and delivery of the merger agreement and the absence of conflicts with, or violations of, organizational documents or other obligations as a result of the merger;

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required governmental and other regulatory filings and consents and approvals in connection with the merger;

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reports filed with regulatory authorities;

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financial statements and matters, internal controls, and books and records;

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absence of undisclosed liabilities;

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broker’s fees payable in connection with the merger and opinion of its financial advisor;

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absence of certain changes or events;

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legal and regulatory proceedings;

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tax matters;

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employee and employee benefit plan matters;

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labor relations;

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compliance with applicable laws;

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certain material contracts;

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environmental matters;

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investment securities, and interest rate risk management instruments;

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real property and title to assets;

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intellectual property;

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related party transactions;

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inapplicability of takeover statutes;

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absence of action or circumstance that would prevent the merger from qualifying as a “reorganization” under Section 368(a) of the Code;

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the accuracy of information supplied for inclusion in this proxy statement/prospectus and other similar documents;

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loan matters;

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deposits;

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allowance for credit losses;

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insurance matters;

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no investment advisory, insurance or broker-dealer activities; and

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indemnification matters.

Old Second’s representations and warranties in the merger agreement include the following:

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corporate matters, including due organization and qualification and subsidiaries;

•

capitalization;

•

authority relative to execution and delivery of the merger agreement and the absence of conflicts with, or violations of, organizational documents or other obligations