Item 7.01. Regulation FD Disclosure.

On January 28, 2020, Old Second Bancorp, Inc. issued a redemption notice with respect to its 7.80% subordinated debentures due June 30, 2033 (the "Subordinated Debentures") relating to the outstanding 7.80% cumulative trust preferred securities (NASDAQ: OSBCP) (the "Trust Securities") issued by Old Second Capital Trust I (the "Trust"), which are guaranteed on a subordinated basis by Old Second Bancorp, Inc. An aggregate principal amount of Subordinated Debentures of $32,604,000 is expected to be redeemed on March 2, 2020, plus accrued and unpaid interest to the redemption date. Following receipt of such notice of redemption relating to the Subordinated Debentures, the property trustee under the Trust will issue a notice of redemption with respect to all of the outstanding Trust Securities, which are expected to be redeemed on March 2, 2020, at a redemption price of $10.00 per Trust Security, which reflects 100% of the liquidation amount, to the extent of applicable proceeds from the contemporaneous redemption of the Subordinated Debentures, including accrued and unpaid distributions to the redemption date. In connection with the redemption, we expect that the Trust Securities will be delisted from The Nasdaq Stock Market.

Forward-Looking Statements: This Current Report on Form 8-K contains forward-looking statements. Forward looking statements can be identified by words such as "intends," "anticipated," "expected," "believes," "may," "likely," "will" or other words or phrases that indicate future periods. Examples of such forward-looking statements include, among others, the expected timing of the redemption of the Subordinated Debentures and Trust Securities. Such forward-looking statements are subject to risks, uncertainties, and other factors, including a change in our capital position, the timing of actions by or on behalf of the property trustee of the Trust Securities, a downturn in the economy, particularly in our markets, volatile credit and financial markets both domestic and foreign, potential deterioration in real estate values, regulatory changes and excessive loan losses, as well as additional risks and uncertainties contained in the "Risk Factors" and forward-looking statements disclosure contained in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, any or all of which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The inclusion of this forward-looking information should not be construed as a representation by us or any person that future events, plans, or expectations contemplated by us will be achieved. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

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