BuybackJun 25, 2026, 11:06 AM
Old Second Bancorp Authorizes New $61.2M Share Buyback Program
AI Summary
Old Second Bancorp, Inc. has authorized a new share repurchase program, allowing the company to buy back up to $61.2 million of its common stock. This program will run from July 1, 2026, to June 30, 2027, and has received non-objection from the Federal Reserve Bank of Chicago. The new program will commence after the current share repurchase plan expires on June 30, 2026.
Key Highlights
- New share repurchase program authorized by Old Second Bancorp's Board of Directors.
- Company may repurchase up to $61.2 million of additional common stock.
- The program is effective from July 1, 2026, through June 30, 2027.
- Received non-objection from the Federal Reserve Bank of Chicago for the program.
- The existing share repurchase plan is scheduled to expire on June 30, 2026.
Price Impact
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