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M&A Deal Summary

Old Second Acquires Bancorp Financial

On February 25, 2025, Old Second acquired financial services company Bancorp Financial for 197M USD

Acquisition Highlights
  • This is Old Second’s 6th transaction in the Financial Services sector.
  • This is Old Second’s largest (disclosed) transaction.
  • This is Old Second’s 6th transaction in the United States.
  • This is Old Second’s 4th transaction in Illinois.

M&A Deal Summary
Date 2025-02-25
Target Bancorp Financial
Sector Financial Services
Buyer(s) Old Second
Deal Type Merger
Deal Value 197M USD
Advisor(s) Keefe, Bruyette & Woods (Financial)
Vedder Price (Legal)

Target

Bancorp Financial

Oak Brook, Illinois, United States
Bancorp Financial operates as the bank holding company for Evergreen Bank Group, which maintains three banking locations in DuPage and Cook counties in Illinois, and one loan production office in Reno, Nevada. Bancorp Financial was founded in 2007 and is based in Oak Brook, Illinois.

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Buyer(S) 1

Buyer

Old Second

Aurora, Illinois, United States
Category Company
Founded 1981
Sector Financial Services
Employees834
Revenue 281M USD (2023)
DESCRIPTION

Old Second is a financial services company. The Company is the holding company for Old Second National Bank, a national banking organization which provides commercial, treasury management and retail banking services, as well as trust and wealth management services, through offices located in Kane, Kendall, DeKalb, DuPage, LaSalle, Will and Cook counties in Illinois. Old Second was founded in 1981 and is based in Aurora, Illinois.

DEAL STATS #
Overall 6 of 6
Sector (Financial Services) 6 of 6
Type (Merger) 2 of 2
State (Illinois) 4 of 4
Country (United States) 6 of 6
Year (2025) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-26 Greater Chicago Financial

Chicago, Illinois, United States

Greater Chicago Financial Corp. is a provider of financial services. Greater Chicago Financial was founded in 1891 and is based in Chicago, Illinois.

Buy $41M
Mergr

Product

Company

Legal