NEWS

Old Second Bancorp, Inc. (“Old Second Bancorp”) (NASDAQ: OSBC), the parent company of Old Second National Bank (“Old Second”), and First Merchants Corporation (“First Merchants Corp.”) (NASDAQ: FRME), the parent company of First Merchants Bank (“First Merchants”), jointly announced today that Old Second and First Merchants have entered into a Purchase and Assumption Agreement where Old Second will purchase 5 Illinois branch locations in the Southeast Chicago MSA as well as certain branch related loans and deposits from First Merchants.

First Merchants Bank and First Merchants Private Wealth Advisors are pleased to announce Doug Miltenberger's addition to their team as Regional Managers for the West Region.

First Merchants Corporation (the “Corporation) has reported second quarter 2024 net income available to common stockholders of $39.5 million compared to $60.4 million during the same period in 2023. Diluted earnings per common share for the period totaled $.68 per share compared to the second quarter of 2023 result of $1.02 per share.

Homeownership can do more than improve someone’s physical and mental well-being—it can change the course of a family’s future for generations to come. That’s why First Merchants Bank is proud to work closely with Habitat for Humanity chapters within our four-state footprint.

First Merchants Bank announced recognition from workplace culture site Comparably for career growth and leadership awards. The bank was selected out of 70,000 companies across the U.S. and won two awards in this quarter’s categories, including Best Career Growth and Best Leadership Team.