Old Second Bancorp to acquire 5 Illinois branches from First Merchants Bank, pending regulatory approval. Old Second Bancorp adquirirá 5 sucursales de Illinois del First Merchants Bank, pendiente de aprobación regulatoria.

Old Second Bancorp, Inc. agrees to acquire five Illinois branch locations from First Merchants Bank, adding $304m in deposits and $12m in loans, pending regulatory approval. Old Second Bancorp, Inc. acepta adquirir cinco sucursales de Illinois del First Merchants Bank, sumando $304 millones en depósitos y $12 millones en préstamos, pendiente de aprobación reglamentaria. Old Second will pay a deposit premium of 7.5% ($23m) upon completion. Old Second pagará una prima de depósito del 7,5% ($23m) al finalizar. The deal is expected to close near year-end 2024 and will result in First Merchants completing its branch exit from suburban Chicago markets. Se espera que el acuerdo se cierre a finales de 2024 y dará como resultado que First Merchants complete su salida de sucursal de los mercados suburbanos de Chicago.