Old Second Bancorp Inc. (OSBC)

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On December 30, 2014, Old Second Bancorp, Inc. (the “Company”) provided notice of redemption of one-third of the issued and outstanding shares of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”) . The effective date for the redemption is January 31, 2015 , and the redemption price will be the stated liquidation value of $1,000 per share, together with any accrued and unpaid dividends accumulated to, but excluding, the redemption date. As of December 30, 2014, there were outstanding 47,331 shares of the Series B Preferred Stock, and redeeming one-third of the Series B Preferred Stock will result in the redemption of approximately 15,778 shares of Series B Preferred Stock. Following the redemption, approximately 31,553 shares of the Series B Preferred Stock will remain outstanding.

The Series B Preferred Stock was issued in January 2009 under the U.S. Treasury’s Troubled Asset Relief Program – Capital Purchase Program and is being redeemed from third parties that purchased the securities from the U.S. Treasury in auctions held in the first quarter of 2013 .