The Bank Slate

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How Old Second Landed an Evergreen Deal
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How Old Second Landed an Evergreen Deal

Three offers and nearly a year of talks lead to a $197 million acquisition aimed at expanding the buyer’s Chicago operations.

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Paul Davis
May 08, 2025
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The Bank Slate
How Old Second Landed an Evergreen Deal
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Hello, Bank Slaters!

Hope you’re making your way through this week. So far, so good on our end.

Today, we’re looking at Old Second Bancorp’s deal for Bancorp Financial. It took nearly a year and three rounds of talks for the deal to come together. In this week's breakdown, I walk through how the transaction unfolded. Enjoy!

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