Company: OSBC
Filing Date: 2025-05-08
Form Type: 424B3
Source: 0001104659-25-046065
Chunk: 39

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-08
Form: 424B3
Chunk 39
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 may cause the combined company’s business to suffer.

In addition, the combined company’s continued growth and future success will depend, in part, on its ability to attract, motivate and retain highly qualified senior and middle management and other skilled employees. Competition for employees is intense, and the process of identifying and retaining key personnel with the combination of skills and attributes required to execute the combined company’s business strategy may be lengthy.

For various reasons, Old Second may not be able to locate suitable replacements for any key employees who leave the combined company, or to offer employment to potential replacements on reasonable terms, which could cause the combined company’s business to suffer.

The merger agreement may be terminated in accordance with its terms and the merger may not be c ompleted.

The merger agreement is subject to a number of conditions which must be fulfilled in order to complete the merger. Those conditions include: (a) the approval of the merger proposal and the stockholders agreement amendment proposal by the requisite votes of Bancorp Financial’s stockholders; (b) the receipt of all required regulatory approvals which are necessary to consummate the merger and the bank merger and the expiration of all statutory waiting periods, without the imposition of a condition or requirement that would reasonably be expected to have a material and adverse effect on Old Second and its subsidiaries, taken as a whole, after giving effect to the merger and bank merger; (c) the receipt by Bancorp Financial of all consents requested by Old Second that are necessary to renew or prevent a default or termination under certain identified contracts of Bancorp Financial in connection with the merger; (d) the effectiveness of the registration statement on Form S-4, of which this proxy statement/prospectus is a part, and the absence of any pending or threatened proceedings to suspend such effectiveness; (e) the absence of any law, order, injunction, decree, or other legal restraint or prohibition enacted, issued, or enforced by any governmental authority that prohibits, makes illegal, or otherwise prevents the consummation of the merger, the bank merger, or any of the other transactions contemplated by the merger agreement; (f) the authorization for listing on NASDAQ of the shares of Old Second common stock to be issued in the merger; (g) receipt by each party of an opinion from its tax advisor or legal counsel as to certain tax matters; (h) subject to materiality standards in the merger agreement, the accuracy of the representations and warranties of the other party; (i) the prior performance in all material respects by the other party of the