Old Second National Bank and West Suburban Bank plan to merge Aurora-based Old Second Bancorp Inc., parent company of Old Second National Bank, plans to merge with Lombard-based West Suburban Bancorp Inc. in a cash-and-stock deal valued at $297 million. DAILY HERALD FILE PHOTO
Old Second National Bank and West Suburban Bank announced plans Monday to merge.
Aurora-based Old Second Bancorp Inc. is to acquire Lombard-based West Suburban Bancorp Inc. in a cash-and-stock deal valued at $297 million. The board of directors of both parent companies unanimously agreed to the merger agreement.
In a 32-minute conference call Monday, Old Second Bancorp President and CEO James Eccher said West Suburban Bank President Keith Acker and two other West Suburban directors would join the Old Second board of directors.
Illinois
United-states
Chicago
Ralph-acker
James-eccher
Keith-acker
Old-second-bancorp
Old-second-bancorp-inc
Bancorp-inc
Old-second-national-bank
West-suburban-bank
Lombard-based-west-suburban-bancorp