Old National Bank Overview and Services

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Old National Bank has been around since 1834, making it one of the oldest banks in the US.

Old National Bank offers a wide range of personal and business banking services, including checking and savings accounts, credit cards, and loans.

About Old National Bank

Old National Bank has a rich history dating back to 1834 when it was founded as Evansville's first bank.

The bank has operated under several names, including Evansville National Bank and Old State National Bank, before being officially named Old National Bank in 1922.

Old National Bank has expanded significantly over the years, with a bank holding company formed in 1983 to operate in multiple states.

In 1995, Old National Bank was ranked number one in earnings momentum by banking journal Financial World, a notable achievement in its history.

The bank has also received recognition for its performance, being rated the 28th top performing bank in the nation for 2008 by Bank Director magazine.

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Old National Bank has made several strategic acquisitions to expand its presence, including buying Charter One's Indiana operations in 2009 and acquiring 24 retail bank branches of Bank of America in 2012.

In 2016, Old National Bank bought AnchorBank in Wisconsin for approximately $461 million, and in 2017, it agreed to buy Anchor Bank of Minnesota for $303 million.

History

Old National Bank was founded in 1834 as Evansville's first bank, operating under several names before being officially named Old National Bank in 1922.

The bank holding company Old National Bancorp was formed in 1983 as a multi-bank holding company, operating in multiple states including Indiana, Michigan, Wisconsin, Minnesota, Kentucky, and Illinois.

Old National participated in the Treasury Department's Troubled Asset Relief Program (TARP) in 2008, with the Treasury Department buying $100 million in preferred, non-voting stock.

By March 2009, Old National had repurchased all of its outstanding stock and had fully exited the TARP program.

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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.

Old National acquired AnchorBank, the third-largest bank based in Wisconsin, for approximately $461 million in May 2016, expanding its presence in the state.

In August 2017, Old National agreed to buy Anchor Bank of Minnesota for $303 million, adding 18 locations and $1.7 billion in deposits to its operations.

The bank continued to grow through acquisitions, including the 2021 merger with First Midwest Bancorp, which combined the companies' assets and retained the Old National name.

In 2024, Old National merged with CapStar Financial Holdings Inc., incorporating its operations and renaming CapStar Bank as a division of Old National Bank.

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Locations

Old National Bank has a significant presence across the United States, with multiple locations where you can visit or get directions.

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You can find their primary location at One Main Street in Evansville, IN 47705, US, where you can get directions easily.

Here are some of their key locations listed out:

  • Evansville, IN - Primary location: One Main Street, Evansville, IN 47705, US
  • Chicago, IL - Suite 1300, 8750 W Bryn Mawr Ave, Chicago, IL 60631, US
  • Banking services are also available in: Saint Paul, MN, Cincinnati, OH, Minneapolis, MN, Columbus, OH, and Chicago, IL
  • Financial Services are offered in: Pittsburgh, PA, Green Bay, WI, San Francisco, CA, New York, NY, and Rosemont, IL

Updates

Old National Bank has a long history of community involvement, dating back to 1834 when it was founded as Elkhart Bank in Indiana.

The bank's commitment to community development is evident in its efforts to revitalize urban areas, such as the redevelopment of the historic downtown area in Evansville, Indiana.

Old National Bank has been recognized for its commitment to community development, receiving the 2019 Community Reinvestment Act (CRA) Outstanding Community Development Award.

The bank's strong financial performance has allowed it to maintain a high level of liquidity, with a loan-to-deposit ratio of 80% as of 2022.

Old National Bank has a diverse range of products and services, including personal and commercial banking, wealth management, and mortgage lending.

Community Involvement

Old National Bank is deeply rooted in its community, and it shows in the way they give back. They have a long history of supporting local organizations and initiatives.

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One notable example is their commitment to financial literacy. They offer free financial education programs to help people understand their money and make informed decisions.

Old National Bank also believes in empowering women and girls through education and economic opportunities. They partner with organizations that share this vision.

Their community involvement doesn't stop at financial education; they also support local food banks and pantries. They've donated food and funds to help those in need.

Old National Bank's commitment to community involvement is evident in their volunteer program. Employees are encouraged to give back by volunteering their time.

Their community involvement has a ripple effect, inspiring others to get involved and make a difference.

Comparison and Resources

Old National Bank is a great option for those looking for a community-focused banking experience. Their commitment to philanthropy is evident in their charitable efforts, donating over $100 million to local organizations since 2010.

One of the unique features of Old National Bank is their investment in local businesses. They have a dedicated team that provides financial guidance and resources to entrepreneurs and small business owners in their community.

In terms of convenience, Old National Bank has an extensive network of branches and ATMs across the Midwest region, making it easy for customers to access their services whenever they need to.

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Similar Banks

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If you're looking for banks similar to Wells Fargo, consider Bank of America, which offers a wide range of financial services, including mobile banking and investment products.

Bank of America has a large network of branches and ATMs, making it a convenient option for those with multiple locations.

Like Wells Fargo, Bank of America offers a variety of credit cards with rewards programs and competitive interest rates.

Chase Bank is another option to consider, with a user-friendly online banking platform and a wide range of financial products, including mortgages and home equity loans.

Chase Bank also offers a mobile banking app with bill pay and transfer capabilities, making it easy to manage your finances on the go.

US Bank is a smaller bank with a strong presence in the Midwest, offering competitive interest rates on savings accounts and CDs.

US Bank also offers a mobile banking app with features such as mobile deposit and account alerts.

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Citi Bank is a global bank with a wide range of financial products, including credit cards and mortgages.

Citi Bank offers a mobile banking app with features such as mobile deposit and transfer capabilities.

PNC Bank is a regional bank with a strong presence in the Midwest, offering competitive interest rates on savings accounts and CDs.

PNC Bank also offers a mobile banking app with features such as mobile deposit and account alerts.

TD Bank is a large bank with a strong presence on the East Coast, offering a wide range of financial products, including mortgages and home equity loans.

TD Bank offers a mobile banking app with features such as mobile deposit and transfer capabilities.

Capital One is a digital bank with a mobile banking app that allows you to manage your finances on the go.

Capital One offers a range of financial products, including credit cards and personal loans.

Barclays is a global bank with a wide range of financial products, including credit cards and mortgages.

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Barclays offers a mobile banking app with features such as mobile deposit and transfer capabilities.

Discover Bank is a digital bank with a mobile banking app that allows you to manage your finances on the go.

Discover Bank offers a range of financial products, including credit cards and personal loans.

HSBC is a global bank with a wide range of financial products, including credit cards and mortgages.

HSBC offers a mobile banking app with features such as mobile deposit and transfer capabilities.

Kristen Bruen

Senior Assigning Editor

Kristen Bruen is a seasoned Assigning Editor with a keen eye for compelling stories. With a background in journalism, she has honed her skills in assigning and editing articles that captivate and inform readers. Her areas of expertise include cryptocurrency exchanges, where she has a deep understanding of the rapidly evolving market and its complex nuances.

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