A Brief History of Old NationalTechnology has made banking easier, faster and more convenient. But there remains value in personal relationships, individualized service and a long-standing history of serving families and business since 1834. At Old National, clients feel a sense of community that sets the foundation for trust and, ultimately, better working relationships. Show
Old National: Nurturing growth since 1834It started on the shore of the Ohio River in 1834, in one small room at the heart of what would eventually become Evansville, Indiana. That first Old National Bank (as it would later be known) provided financial solutions for community residents, local merchants and those passing through. New loans allowed families to realize their dreams and businesses to grow. Old National grew, too, and soon would successfully navigate the difficult periods that forced many other banks to close, including the Panic of 1837 and the 1929 Wall Street crash that ushered in the Great Depression. Through it all, Old National remained strong. By the end of World War II, the bank’s growth meant it also could expand geographically—a trend that would continue over the years. A midsize bank with community bank DNAIn June 2021, Old National announced a merger of equals with First Midwest Bank, a Chicago-based financial institution. This merger was officially completed in February 2022, making First Midwest a division of Old National until offices and computer systems can be fully integrated in July 2022. This powerful combination, with $46 billion in total assets and dual headquarters in Evansville and Chicago, provides even greater convenience for clients with expanded access to more than 250 banking centers across the Midwest. Despite significant growth over the past decade, Old National has maintained our dedication to being a true community bank with team members who are active members of the cities and towns they call home. In 2021 alone, our team members donated more than 40,000 volunteer hours to 1,500+ organizations. Additionally,
our focus on ethical banking, financial education, leadership and inclusion (which has led to multiple awards) is emblematic of our commitment to exceeding client expectations. Today, the Old National story is reflected in the stories of our clients and the communities we support. Hopeful entrepreneurs. First-time homebuyers. Nonprofit groups. Students. Parents
and families. Business owners. Retirees. And now, as a top 35 U.S. bank, Old National is every bit as committed as we were nearly 190 years ago to exceeding client expectations and strengthening and supporting the communities we call home.
Old National Bancorp
 Old National Bank's Downtown Evansville riverfront headquarters was the first highrise in the state of Indiana to be built with LEED principles.[2] Old National Bank is an American regional bank with nearly 200 retail branches operated by Old National Bancorp and based in Evansville, Indiana. With assets at $23.0 billion and 162 banking centers, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and one of the top 100 banking companies in the U.S.[3] Its primary banking footprint is in Illinois, Indiana, Kentucky, Michigan, Minnesota, and Wisconsin. History[edit]The bank was founded in 1834 as the city's first bank. It has operated under several names, including Evansville National Bank and Old State National Bank. In 1922, it was officially named Old National Bank. At the time the stock market crashed in 1929, there were 11 banks operating in Evansville; by 1935, seven of those banks had been forced to close their doors. Old National was one of the four that continued to operate. In anticipation of the impending reform of banking regulations at the state and federal levels in the late 1980s and early 1990s, the bank holding company called Old National Bancorp was formed in 1983 as a multi-bank holding company and now operates in Indiana, Michigan, Wisconsin, Minnesota, Kentucky and Illinois[4] In November 1995, Old National acquired the Greencastle-based First United Savings Bank for $18 million in stock.[5][6] In the following year, Old National acquired the Bloomington-based Workingmens Capital Holdings with its Workingmens Federal Savings Bank subsidiary for an undisclosed amount in stock.[7] Old National participated in the Treasury Department's Troubled Asset Relief Program (TARP) with the Treasury Department buying $100 million in preferred, non-voting stock. However, by March 2009 Old National had repurchased all of its outstanding stock and had fully exited the TARP program. In 2009, Charter One's Indiana bank branches became Old National Bank after Old National Bank bought Charter One's Indiana operations.[8][9] In January 2011, Old National acquired Bloomington-based Monroe Bancorp with its Monroe Bank subsidiary for $90 million in stock.[10][11] Later that year, Integra Bank was closed by the Federal Deposit Insurance Corporation and all deposit accounts, excluding certain brokered deposits, were transferred to Old National.[12] In 2012, Old National acquired 24 retail bank branches of Bank of America in northern Indiana and southwest Michigan.[13] In 2014, Old National acquired four banks: Tower Bank in Fort Wayne, Indiana, United Bank in Ann Arbor, Michigan, Lafayette Savings Bank in Lafayette, Indiana, and Founders Bank & Trust in Grand Rapids, Michigan. In January 2016, Anchor BanCorp Wisconsin, the parent company of AnchorBank, the third-largest bank based in Wisconsin, announced that Old National intends to buy Anchor for approximately $461 million. The transaction closed in May of the same year.[14] In August 2017, Old National agreed to buy Anchor Bank of Minnesota for $303 million. The acquisition will add 17 locations in the Twin Cities and 1 in Mankato plus $1.7 billion in deposits and $2.1 billion in assets.[15] In June 2018, KleinBank, based out of Chaska, Minnesota, announced its 21 locatons were being acquired by Old National, increasing Old National's presence in the western suburbs of Minneapolis.[16] In 2021, Old National merged with First Midwest Bancorp, combining the companies assets, retaining the Old National name and maintaining headquarters in Chicago and Evansville.[17] Services[edit]The company offers retail banking (checking accounts, savings accounts and certificates of deposit, consumer loans including home mortgages, health savings accounts and small business banking & lending), business or commercial banking (checking accounts, savings accounts & CDs, commercial loans and lines of credit, credit cards, capital markets, treasury management, and merchant services), and wealth management, investment, trust and retirement products and services.[18] In 1995, ONB was ranked number one in earnings momentum by banking journal Financial World. The bank was rated the 28th top performing bank in the nation for 2008 by Bank Director magazine. References[edit]
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What bank merged with Old National Bank?− Old National Bank officials said the company maintains a strong Evansville-area presence after completion of its merger earlier this year with Chicago's First Midwest Bank.
What was Old National Bank before?In 2009, Charter One's Indiana bank branches became Old National Bank after Old National Bank bought Charter One's Indiana operations.
What happened to Old National Bank?In June 2021, Old National announced a merger of equals with First Midwest Bank, a Chicago-based financial institution.
Who did Old National buy out?EVANSVILLE, Ind. - Evansville-based Old National Bancorp (Nasdaq: ONB) and Chicago-based First Midwest Bancorp Inc. have completed their previously-announced $6.5 billion merger.
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What bank did Old National buy?
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