### Old Second Expands Chicago Footprint with $197M Evergreen Acquisition
Old Second Bancorp has announced an agreement to acquire Bancorp Financial, the parent company of Evergreen Bank Group, in a cash-and-stock transaction valued at approximately $197 million.
The acquisition will see Aurora-based Old Second Bank take over Oak Brook-based Evergreen Bank, creating the second-largest community bank in the Chicago area. Upon completion of the deal, expected in the third quarter of 2025, Old Second will add $1.45 billion in assets and three bank branches in Cook and DuPage counties to its operations.
“Bancorp Financial and its wholly owned subsidiary, Evergreen Bank Group, are thrilled to announce the merger with Old Second, a move that is expected to create a stronger banking institution for our customers and communities of nearly 18 years,” said Darin Campbell, Chairman of Bancorp Financial.
This acquisition follows Old Second’s purchase of five Chicago-area branches from Indiana-based First Merchants Bank in August.
