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.
Colorado City has water restored to homes, issues persist
chieftain.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chieftain.com Daily Mail and Mail on Sunday newspapers.
Old Second and West Suburban Announce Combination to Create the Leading Community Bank in Chicago
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Old Second Bancorp buying West Suburban to bulk up in Chicago
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.