AURORA and LOMBARD, IL / ACCESSWIRE / November 30, 2021 / Old Second Bancorp, Inc. (Nasdaq:OSBC) ("Old Second") and West Suburban Bancorp, Inc. ("West Suburban") jointly announced today that each has received shareholder approval for the merger of West Suburban into Old Second in a cash and stock transaction. The merger, which was announced on July 25, 2021, is expected to close on December 1, 2021, subject to satisfaction of customary closing conditions. The combined company, on a pro forma basis using September 30, 2021 financial information, will have approximately $6.2 billion in assets, $5.3 billion in deposits and $3.4 billion in loans, and will be one of the largest community banks under $10 billion in assets in the Chicago market.
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