The largest Indiana-based bank has tapped former Lt. Gov. Becky Skillman for its board.
Evansville-based Old National Corp. will pay Gov. Mitch Daniels’ sidekick Skillman $70,000 a year in a combination of cash and stock to serve as a director.
Skillman is CEO of Radius Indiana, an economic development firm focused on south-central Indiana.
“She has focused her career on serving the community, and that experience will complement Old National’s community-banking commitment,” ONB Chairman Larry Dunigan said in a statement.
Translation: Skillman could drive business to the bank.
Old National, which has $9.7 billion in assets, this month got the green light from the Office of the Comptroller of the Currency to snap up 24 Bank of America branches in northern Indiana and southwestern Michigan.
Indianapolis, not Evansville, used to be the bastion of the biggest Indiana-based banks. American Fletcher National Bank, Indiana National Bank and Merchants National Corp. were acquired decades ago by bigger regional banks from outside the state.