NewsTalk

Welcome to the archives for NewsTalk, an IBJ blog published from November 2007 through December 2010.

Odd behavior at Old National

April 8, 2008
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Lots of big news is swirling in banking circles these days, including what might become of financially challenged National City Bank.

But a small piece of unusual news that unfolded yesterday is generating about as much talk locally.

Old National Bancorp announced that a former loan officer in Indianapolis had forged loan documents. But the bank doesnâ??t seem to know why the officer did it.

No money was skimmed. The borrowers were legitimate businesses that had sought the loans and presumably would have been given their money without the need for forged signatures.

Whatâ??s more, the borrowers didnâ??t even know the signatures had been forged.

Maybe an FBI investigation that started recently will turn up more.

Old National isnâ??t releasing the name of the employee, who was fired, but CEO Bob Jones says heâ??s utterly mystified about what might have motivated the officer to engage in misconduct.

What do you think?
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