New Issue: Treasury auctions $2.97 million of Old Second's series B TARP preferreds

By Stephanie N. Rotondo

Phoenix, March 15 - The Department of the Treasury sold at auction $2.97 million of series B fixed-rate cumulative preferred stock issued by Old Second Bancorp Inc.

Aurora, Ill.-based Old Second issued the preferreds to the government agency under the Troubled Asset Relief Program. The modified Dutch auction began Tuesday and ended Thursday.

A total of 2.972 of the $1,000-par preferreds were sold at $377.02 apiece.

Total proceeds came to $1.12 million. The financial institution will not receive any of the funds.

Issuer:	Old Second Bancorp Inc.
Issue:	Series B fixed-rate cumulative preferred stock
Amount:	$2,972,000
Proceeds:	$1,120,503.44
Shares:	2,972
Price:	$377.02
Par:	$1,000

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