OSBC to Expand Chicago Presence With $197M Bancorp Financial Buyout
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Old Second National Bancorp (OSBC) is acquiring Bancorp Financial for $197 million to expand its presence in the Chicago area. The acquisition is expected to be 16% accretive to OSBC's earnings by 2026.
February 27, 2025 | 4:45 pm
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Old Second National Bancorp is acquiring Bancorp Financial for $197 million, aiming to enhance its Chicago market presence. The acquisition is projected to increase OSBC's earnings by 16% by 2026.
The acquisition of Bancorp Financial is a strategic move for OSBC to expand in the Chicago region. The deal's expected 16% accretion to earnings by 2026 suggests a positive financial impact, likely boosting investor confidence and stock price in the short term.
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