Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 110

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 110
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) would result in a transaction that (1) involves consideration to the Bancorp Financial stockholders that is more favorable, from a financial point of view, than the consideration to be paid to the Bancorp Financial stockholders pursuant to the merger agreement, considering, among other things, the nature of the consideration being offered and any material regulatory approvals or other risks associated with the timing of the proposed transaction beyond or in addition to those specifically contemplated by the merger agreement (including any applicable termination fees, expense reimbursement provisions and conditions to consummation), and (2) is reasonably likely to be completed on the terms proposed, in each case taking into account all legal, financial, regulatory and other aspects of the proposal and the person or entity making such proposal.

#### Regulatory Matters
Old Second and Bancorp Financial have agreed to promptly prepare and file with the SEC a registration statement on Form S-4, which this proxy statement/prospectus forms a part, and Old Second has agreed to promptly prepare and file with the SEC a registration statement, in which this proxy statement/prospectus will be included as a prospectus. Old Second and Bancorp Financial have agreed to use reasonable best efforts to have the Form S-4 declared effective under the Securities Act, and will thereafter as promptly as practicable mail or deliver this proxy statement/prospectus to the Bancorp Financial stockholders. Old Second will also take any action required to be taken under any applicable state securities laws in connection with the merger and each of Old Second and Bancorp Financial will furnish all information concerning it and the holders of Bancorp Financial common stock as may be reasonably requested in connection with any such action.

Old Second and Bancorp Financial have agreed to cooperate with each other and use their reasonable best efforts to promptly prepare and file all necessary documentation and applications within 30 days from the date of the merger agreement, and to effect all applications, notices, petitions and filings, to obtain all consents from regulatory authorities and other third parties which are necessary to or advisable to consummate the transaction contemplated by the merger agreement. Old Second and Bancorp Financial have also agreed to consult with each other with respect to obtaining said consents and each party will keep the other apprised of the status of all matters related to the consummation of the transactions contemplated by the merger agreement, and to advise the other party upon receiving any communication from any regulatory authority or third party whose consent is required which causes such party to believe that a consent or approval will not be obtained or materially delayed.

#### Employee Benefit Matters