Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 68

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 68
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’s business prior to completion of the merger, which may delay or prevent Bancorp Financial from undertaking business opportunities that may arise pending completion of the merger;

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that Old Second could experience a decrease in profitability or regulatory pressure that would force it to reduce its dividends from historical levels;

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that the expected benefits and synergies sought in the merger, including cost savings and Old Second’s ability to successfully market its financial products and services to Bancorp Financial’s customers, may not be realized or may not be realized within the expected time period;

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the challenges of integrating the businesses, operations and employees of Bancorp Financial and Old Second;

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certain provisions of the merger agreement that prohibit Bancorp Financial from soliciting, and limit its ability to respond to, proposals for alternative transactions;

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that Bancorp Financial’s obligation to pay to Old Second a termination fee of $8,500,000 if Bancorp Financial recommends or accepts an alternative acquisition proposal may deter others from proposing an alternative transaction that may be more advantageous to Bancorp Financial’s stockholders;

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the possible effects on Bancorp Financial should the parties fail to complete the merger, including the possible effects on Bancorp Financial’s common stock and the associated business and opportunity costs;

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that Bancorp Financial’s directors and executive officers have interests in the merger that are different from or in addition to those of its stockholders generally, as described in the section below entitled “Interests of Bancorp Financial Directors and Executive Officers in the Merger”; and

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the other risks described in the section entitled “Risk Factors” beginning on page 19 and the risks of investing in Old Second’s common stock identified in the Risk Factors sections of Old Second’s periodic reports filed with the SEC and incorporated by reference herein.

This discussion of the information and factors considered by Bancorp Financial’s board of directors in reaching its conclusions and recommendation includes the principal factors considered by the board of directors, but is not intended to be exhaustive and may not include all of the factors considered by Bancorp Financial’s board of directors. In view of the wide variety of factors considered in connection with its evaluation of the merger and the other transactions contemplated by the merger agreement, and the complexity of these matters, the Bancorp Financial board of directors did not find it useful and did not attempt to quantify, rank or assign any relative or specific weights to the various factors that it considered in reaching its determination to adopt and approve the merger and the other transactions contemplated by the merger agreement. Rather, the Bancorp Financial board of directors viewed its decisions as being based