Old Second Bancorp, Inc. and First Merchants Corporation Announce Acquisition of 5 Illinois Branches

Old Second Bancorp, Inc. and First Merchants Corporation jointly announced a Purchase and Assumption Agreement, where Old Second will purchase 5 Illinois branch locations in the Southeast Chicago MSA as well as certain branch related loans and deposits from First Merchants. The acquisition will enhance Old Second’s position as one of the largest banks headquartered in Chicago and add meaningfully to its existing branch network and in the Southeast Chicago market.