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Get filing alertsOld Second Bancorp authorizes up to $61.2M share buyback program through June 2027
Filed June 25, 2026 · Period ending June 25, 2026 · ~1 min read
Key Changes
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high
Board approved new up to $61.2 million share repurchase program running July 1, 2026 through June 30, 2027, replacing the expiring plan; Federal Reserve Bank of Chicago provided nonobjection
Item 8.01 verify on EDGAR → -
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Company retains full discretion over timing, method, and size of repurchases; may use open market purchases, Rule 10b5-1 plans, or private transactions; no obligation to complete any buybacks
Item 8.01 verify on EDGAR →
Summary
Old Second Bancorp disclosed a new up to $61.2 million share repurchase authorization covering the twelve months from July 2026 through June 2027. The Federal Reserve Bank of Chicago has provided nonobjection, a standard regulatory step for bank holding companies. This replaces the company's existing buyback program expiring June 30, 2026.
For shareholders, the authorization signals management's view that the stock represents attractive value and provides a mechanism to return capital. The up to $61.2 million figure represents roughly of the company's market capitalization based on typical regional bank valuations.
Management retains complete flexibility: it may execute repurchases through open market transactions, pre-arranged trading plans, or private deals, and can suspend or restart activity at any time based on market conditions, stock price, and capital priorities. The company is not obligated to buy back any shares, so actual deployment will depend on management's assessment of competing uses of capital and market opportunities over the coming year.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Repurchases by the Company under the Repurchase Program may be made from time to time through open market purchases, trading plans established in accordance with U.S. Securities and Exchange Commission rules, privately negotiated transactions, or by other means. The actual means and timing of any repurchases, quantity of purchased shares and prices will be, subject to certain limitations, at the discretion of management and will depend on a number of factors, including, without limitation, market prices of the Company’s common stock, general market and economic conditions, and applicable legal and regulatory requirements. Repurchases under the Repurchase Program may be initiated, discontinued, suspended or restarted at any time. The Company is not obligated to repurchase any shares under the Repurchase Program.
The company has full discretion over the timing, method, and extent of repurchases. Management may use open market purchases, Rule 10b5-1 trading plans, or private transactions, and can suspend or restart the program at any time. The company is not obligated to repurchase any shares.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 29, 2026 · How we verify