Old National to acquire Minnesota bank in $1.4B deal
Wall Street appeared to welcome the deal. Shares of Evansville-based Old National were trading at $23.30 shortly after 11 a.m. Monday, up 7.6% from Friday’s closing price.
Old National
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Former Old National CFO, on leave following criminal charges, parts ways with bank
Old National, the largest bank based in Indiana, placed CFO Brendon Falconer on leave in April after he was charged with two counts of child molestation.
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TechPoint’s annual Mira Awards moving to Old National Centre
Next year’s gala, which is slated for April 26, will feature an awards show in the Murat Theatre followed by a community celebration and afterparty in the Egyptian Room inside the venue.
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Lawsuit alleges Old National Bank redlined against Black Indy residents
The Fair Housing Center of Central Indiana, or FHCCI, brought the legal action Thursday after a multiyear investigation of the Indiana-based financial institution and meeting with bank officials.
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Old National Bank merging with Chicago-based bank to create $45B firm
The deal is the largest to date by far for Old National, which has grown dramatically over the past decade through a series of acquisitions.
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Articles
Old National to expand southward with $344M acquisition of Nashville-based bank
The acquisition includes 22 CapStar banking centers in 13 Tennessee counties, including seven branches in the Nashville area, and one banking center in Asheville, North Carolina.
Old National Bank sues over failed software
The Evansville-based bank is suing financial technology firm Backbase over what it calls Backbase’s “unmitigated failure” to fulfill $18 million in software contracts for a Chicago bank Old National acquired.
The Freedom Forum podcast: Rafael Sanchez, Old National Bank exec
In this episode host, Angela B. Freeman talks with Sanchez about diversity, equity and inclusion from a unique and authentic vantage point as a Hispanic male executive in the banking and lending industry.
Old National Bank to sell its health savings account business
The deal, expected to close in the fourth quarter, includes about $500 million in client assets held in about 157,000 accounts associated with more than 3,000 employer groups.
Old National Bank settles allegations of redlining against Black Indy residents
The bank was accused in a lawsuit earlier this year of providing disproportionately fewer mortgages to Black borrowers, closing branches in predominantly Black neighborhoods and giving Black people less information during the mortgage-application process.
Banks changing branch operations due to coronavirus
Chase has temporarily closed a few of its local branches, while many others are moving to appointment-only service and drive-through service in response to the outbreak.
Indiana firms restrict travel, postpone product intros, distribute hand sanitizer in reaction to coronavirus
A growing number of employers have restricted international travel and are now considering what they might need to do within the U.S.
Hoosier banks post increases in profit
Old National Bancorp, the largest Indiana-based bank, reported a 43% increase in second-quarter profit.
Old National CEO stepping aside
Old National has undergone a transformation since Jones joined the bank, shifting from low-growth markets to entering markets that offered a better opportunity for growth.
Investors thrashing bank stocks, despite solid earnings
Investors have turned pessimistic about everything from the inevitability of a U.S. recession to growing international trade disruptions and higher loan defaults.
Old National’s Bob Jones to lead banking council
The chairman and CEO of Evansville-based Old National Bancorp, has been named chairman of the American Bankers Association’s American Bankers Council for the 2018-2019 membership year.
Old National making entry into Minnesota with $303M acquisition
Old National Bancorp. announced plans Tuesday to acquire St. Paul, Minnesota-based Anchor Bancorp Inc.
Changing times for the bank branch
In-branch transactions are declining as customers complete more business via online and mobile banking. Still, banks say physical offices remain important for a variety of reasons.
Butler to launch business center with $5M gift from Old National
The center, to be called the Old National Bank Center for Closely Held Business, will have its offices in Butler’s Andre B. Lacy School of Business, but it will work with companies around the state.
Old National Bank names new local chief executive
Mark Bradford has been named CEO of Old National’s Indianapolis Region, replacing Randy Reichmann, who held the position for more than decade.
Old National moving local base to Monument Circle
The Evansville-based bank has secured space in the IPL Building and plans to relocate local executives and a downtown branch there this fall.
Old National to acquire Anchor BanCorp Wisconsin
Evansville-based Old National Bank said it will purchase Anchor, the third largest bank in Wisconsin, in a stock-and-cash deal valued at $461 million.
Indiana banks cash in on overdraft fees as low rates linger
Now we know exactly how much of a fortune—or not—that larger, Indiana-based banks are generating from those ill-timed debit and ATM transactions.
Old National profit slips on merger, consolidation costs
The Indiana-based bank holding company’s quarterly earnings met analyst expectations, but revenue fell slightly short of predictions.