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Old Second Bancorp calls remaining 31,553 of series B TARP preferreds
By Susanna Moon
Chicago, July 16 – Old Second Bancorp, Inc. called its remaining 31,553 series B fixed-rate cumulative perpetual preferred shares on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.
The redemption price will be the liquidation price of $1,000 per share plus accrued dividends to the redemption date of Aug. 14.
The preferreds were issued in January 2009 under the U.S. Treasury’s Troubled Asset Relief Program – Capital Purchase Program. Third parties purchased the securities from the U.S. Treasury in auctions held in the first quarter of 2013.
Old Second is an Aurora, Ill., bank holding company.
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