Old Second Bancorp (OSBC) in Aurora, Ill., has raised $59.4 million through a public offering.

The $2 billion-asset company said in a press release Tuesday that it sold 13.5 million shares of common stock at $4.40 each. Old Second also gave underwriters a 30-day option to buy an additional 2 million shares of common stock to cover any over-allotments.

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