Old Second Bancorp Inc.'s board authorized the repurchase of up to 1,494,826 shares of the company's common stock.
The Aurora, Ill.-based company on Sept. 19 received a notice of non-objection from the Federal Reserve Bank of Chicago for the repurchase program.
Share repurchases under the program may be initiated, discontinued, suspended or restarted at any time. Repurchases under the program after Sept. 19, 2020, will require Federal Reserve non-objection or approval.
