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| Old National Bank | |
| Company type | Public |
| Nasdaq: ONB S&P 400 Component | |
| Industry | Finance |
| Founded | 1834; 192 years ago (1834) (as Evansville National Bank) |
| Headquarters | Chicago, Illinois Evansville, Indiana U.S. |
Number of locations | 180+ |
Area served | Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Tennessee, Wisconsin[1] |
Key people | James "Jim" Ryan (CEO) Jeff C. Newcom (COO) |
| Products | Financial services |
 $277.5 million (2021) $226.5 million (2020)[2] | |
| Total assets | $24.5 billion (2021) $23.0 billion (2020) |
Number of employees | 2,900+ (2019) |
| Website | oldnational |
Old National Bank is an Americanregional bank with nearly 200 retail branches operated byOld National Bancorp and based inChicago andEvansville, Indiana. With assets at $48.5 billion and 250 banking centers, Old National Bancorp is the largest financial services bankholding company headquartered in Indiana and one of the top 30 banking companies in the U.S.[4] Old National Bank has locations in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Tennessee, and Wisconsin.[1]
The bank was founded in 1834 as Evansville'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. The bank holding company Old National Bancorp was formed in 1983 as a multi-bank holding company and now operates in Indiana, Michigan, Wisconsin, Minnesota, Kentucky and Illinois.[5]
In November 1995, Old National acquired theGreencastle-based First United Savings Bank for $18 million in stock.[6][7] 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.[8]
Old National participated in theTreasury Department'sTroubled 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.[9][10] In January 2011, Old National acquiredBloomington-based Monroe Bancorp with its Monroe Bank subsidiary for $90 million in stock.[11][12] Later that year,Integra Bank was closed by theFederal Deposit Insurance Corporation and all deposit accounts, excluding certain brokered deposits, were transferred to Old National.[13] In 2012, Old National acquired 24 retail bank branches ofBank of America in northern Indiana and southwest Michigan.[14] In 2014, Old National acquired four banks: Tower Bank inFort Wayne, Indiana, United Bank inAnn Arbor, Michigan, Lafayette Savings Bank inLafayette, Indiana, and Founders Bank & Trust inGrand Rapids, Michigan.
In May 2016, AnchorBank, the third-largest bank based inWisconsin, was bought by Old National for approximately $461 million.[15]
In August 2017, Old National agreed to buy Anchor Bank ofMinnesota for $303 million. The acquisition will add 17 locations in theTwin Cities and 1 inMankato plus $1.7 billion in deposits and $2.1 billion in assets.[16] In June 2018,KleinBank, based inChaska, Minnesota, announced its 21 locations were being acquired by Old National, increasing Old National's presence in the western suburbs of Minneapolis.[17]
In 2021, Old National merged withFirst Midwest Bancorp, combining the companies' assets, retaining the Old National name, and maintaining headquarters in Chicago andEvansville.[18]
On April 10, 2023,a mass shooting at the Louisville, Kentucky branch resulted in five fatalities (all employees) and eight other injured people, including a rookie police officer. The injured officer's partner subsequently killed the perpetrator, who was a current bank employee.[19]
In 2024, it was announced that CapStar Financial Holdings Inc. merged its operations with those of the bank. As a result,CapStar Bank became a division of Old National Bank.[20]
On November 25, 2024, Old National announced its purchase of Minnesota-basedBremer Bank in a $1.4 billion sale which was finalized in October, 2025. The merger created a combined bank worth $70 billion.[21]
The company offers retail banking (checking accounts, savings accounts and certificates of deposit, consumer loans including home mortgages, 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.[22]
In 1995, ONB was ranked number one in earnings momentum by banking journalFinancial World. The bank was rated the 28th top performing bank in the nation for 2008 byBank Director magazine.
Old National Bancorp plans to enter the Bloomington, Ind., banking market with the acquisition of a thrift based in Greencastle. First United Savings Bank of Greencastle has agreed to a stock-swap merger with Old National valued at about $18 million.
Beginning Thursday, First United Savings Bank in Bloomington, will become ONB Bank, a subsidiary of Evansville-based Old National Bancorp. Old National Bancorp is a $4.8 billion multi-bank holding company, formed in 1982. It is the largest Indiana-based bank in the state, with 122 banking offices operating from 26 affiliate banks. Earnings for 1995 are expected to be more than $50 million, company officials said... Old National Bancorp actually completed a merger with First United Savings, which is based in Greencastle, last November.
One of Bloomington's oldest businesses - 111-year-old Workingmens Federal Savings Bank - officially will become Workingmens/ONB Bank at the end of business today. The ONB Bank office in Fountain Square Mall at the corner of Kirkwood and College avenues will close and operations will be blended into the Workingmens building at 121 E. Kirkwood Ave... The merger of Workingmens and ONB was announced in April, but it has taken this long to get the necessary stockholder and regulatory approval. ONB stands for Old National Bancorp of Evansville. It is the state's largest Indiana-based bank holding company, with assets of more than $5 billion.
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