M&A Deal Summary

Old Second Acquires HeritageBanc

On November 9, 2007, Old Second acquired financial services company HeritageBanc for 85M USD

Acquisition Highlights
  • This is Old Second’s 3rd transaction in the Financial Services sector.
  • This is Old Second’s largest (disclosed) transaction.
  • This is Old Second’s 3rd transaction in the United States.

M&A Deal Summary

Date 2007-11-09
Target HeritageBanc
Sector Financial Services
Buyer(s) Old Second
Deal Type Merger
Deal Value 85M USD

Target

HeritageBanc

United States
HeritageBanc, Inc. is a provider of personal and business banking products and services.

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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 3 of 5
Sector (Financial Services) 3 of 5
Type (Merger) 1 of 1
Country (United States) 3 of 5
Year (2007) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-10-22 Maple Park Bancshares

St. Charles, Illinois, United States

Maple Park Bancshares is the holding company for First State Bank of Maple Park and Maple Park Mortgage Company. Maple Park Mortgage is located in St. Charles, Illinois and also has offices in Sycamore, Oswego and Bannockburn, Illinois from which residential mortgage loans are originated for resale to the secondary market.

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Talmer Bank and Trust - Chicago Branch

Chicago, United States

Talmer Bank and Trust - Chicago Branch is a provider of various financial services and products with approximately $82 million of deposits and approximately $238 million of loans.

Buy -