Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 413

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 413
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 reports and other communications of Bancorp Financial and Old Second provided to their respective stockholders; and (x) other financial information concerning the businesses and operations of Bancorp Financial and Old Second furnished to us by Bancorp Financial and Old Second or which we were otherwise directed to use for purposes of our analyses. Our consideration of financial information and other factors that we deemed appropriate under the circumstances or relevant to our analyses included, among others, the following: (i) the historical and current financial position and results of operations of Bancorp Financial and Old Second; (ii) the assets and liabilities of Bancorp Financial and Old Second; (iii) the nature and terms of certain other merger transactions and business combinations in the banking industry; (iv) a comparison of certain financial information for Bancorp Financial and certain financial and stock market information for Old Second with similar information for certain other companies, the securities of which are publicly traded; (v) financial and operating forecasts and projections of Bancorp Financial that were prepared by Bancorp Financial management, provided to and discussed with us by such management, and used and relied upon by us at the direction of such management and with the consent of the Board; and (vi) publicly available consensus “street estimates” of Old Second, as well as assumed Old Second long-term growth rates that were provided to us by Old Second management, all of which information was discussed with us by such management and used and relied upon by us based on such discussions, at the direction of Bancorp Financial management and with the consent of the Board. We have also performed such other studies and analyses as we considered appropriate and have taken into account our assessment of general economic, market and financial conditions and our experience in other transactions, as well as our experience in securities valuation and knowledge of the banking industry generally. We have 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 we have deemed relevant to our inquiry.

In conducting our review and arriving at our opinion, we have relied upon and assumed the accuracy and completeness of all of the financial and other information that was provided to or discussed with us or that was publicly available and we have not independently verified the accuracy or completeness of any such information or assumed any responsibility or liability for such verification, accuracy or completeness. We have relied upon the management of Bancorp Financial as to the reasonableness and achievability of the financial and