Old National

Old National scoops up Lafayette Savings Bank for $42M

June 4, 2014
 IBJ Staff
The purchase of LSB Financial Corp., parent of Lafayette Savings Bank, will add $366 million in assets and five branches to Old National's portfolio.
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Banks whittle down Indy-area branches

April 18, 2014
Chris O'Malley
Since January 2013, banks have closed 35 branches in Marion County and surrounding counties but have opened only six new ones.
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Fee push helping banks overcome low interest ratesRestricted Content

November 9, 2013
Chris O'Malley
Two Indiana-based banks showed up on a national ranking of best non-interest income as a percentage of operating revenue: Evansville-based Old National Bancorp and South Bend’s 1st Source Corp.
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Old National to acquire Fort Wayne's top local bank

September 10, 2013
 IBJ Staff
Old National Bancorp, the largest financial services company headquartered in Indiana, has agreed to buy Fort Wayne-based Tower Financial Corp. for about $107.7 million, the companies announced Tuesday.
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Ex-Lt. Gov. Skillman joins Old National boardRestricted Content

June 29, 2013
 IBJ Staff
Evansville-based Old National Corp. will pay Gov. Mitch Daniels’ sidekick Becky Skillman $70,000 a year in a combination of cash and stock to serve as a director.
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Old National to close 13 Indy bank branches

May 29, 2013
Mason King
The move, part of a statewide effort to streamline operations and save money, will leave 27 Old National branches in the nine-county area.
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First Merchants' deal to make it state's second-biggest bank

May 13, 2013
Greg Andrews
The acquisition of CFS Bancorp Inc. will increase First Merchants' assets to $5.4 billion and leave it with nearly 100 offices.
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Banks scale back real estate needs as transactions shift online

April 23, 2013
Scott Olson
After zooming higher in the last decade, the number of bank branches in Indiana slipped to 2,056 in 2011, the lowest level since 2006.
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Bank foreclosing on former charter school property

February 25, 2013
Old National Bank is suing the operator of charter school that closed last summer in Indianapolis, claiming it failed to pay off the $1.8 million balance on its mortgage.
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Old National's earnings highest since 2002

January 28, 2013
Kathleen McLaughlin
Old National Bancorp's earnings rose 26 percent in 2012, to $91.7 million, its greatest since 2002, the Evansville-based company announced Monday morning.
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Old National buying 24 branches from Bank of America

January 9, 2013
Bloomberg News
Bank of America Corp. plans to sell 24 branches in northern Indiana and southwest Michigan with about $779 million in deposits to Old National Bancorp.
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PROXY CORNER: Old National BancorpRestricted Content

November 24, 2012
Evansville-based Old National Bancorp is a bank holding company with $9.4 billion in assets and more than 180 branches in Indiana, Illinois and Kentucky.
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Many banks still digging out from Great Recession traumaRestricted Content

October 13, 2012
The following statistics reflect performance of the 10 banks with the largest market shares in the Indianapolis Metropolitan Statistical Area.
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Old National to close nine branches in Indianapolis area

August 16, 2012
J.K. Wall
Evansville-based Old National Bank will close nine Indianapolis-area branches near the end of the year and consolidate them into nearby branches in a move to streamline its operations.
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Old National reports higher profit, revenue

July 30, 2012
Loan growth in the consumer and real estate sectors helped Evansville-based Old National Bancorp report higher profit and revenue in the second quarter, the company said Monday morning.
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Regional investing conference heavy on Indiana banksRestricted Content

July 14, 2012
Event organizers say Wall Street isn't the only place to drum up interest in stocks.
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Old National names ex-Indiana chief justice as director

July 9, 2012
Associated Press
Old National Bancorp has appointed former Indiana Chief Justice Randall Shepard to its board of directors.
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Sale of storied bank reflects industry's difficult timesRestricted Content

February 4, 2012
Greg Andrews
John Keach Jr., the third generation of his family to lead Indiana Bank & Trust, looked into the future and wondered how—given the lackluster economy and increasing costs for everything from employee benefits to regulatory compliance—it would generate robust earnings growth.
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Old National buying Indiana Community for $79M

January 25, 2012
J.K. Wall
Evansville-based Old National will absorb 20 Indiana Community branches, including three on the southern edge of Indianapolis. Indiana Community Bank & Trust has nearly $985 million in assets.
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West-side Godby building in foreclosure

November 7, 2011
Scott Olson
A building at 4701 Rockville Road, owned by local businessman Thomas Godby, is the target of a $2 million foreclosure suit filed by Old National Bank. The building's tenants include Tony Stewart Racing Enterprises and Sara Fisher Racing LLC.
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Old National’s profit grows 41 percent

October 31, 2011
The Evansville-based financial services holding company reported third-quarter profit of $16.8 million. Earnings would have been even better without expenses related to its purchase of Integra Bank.
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Cost cutting planned by Integra Bank's new owner

August 1, 2011
 IBJ Staff and Associated Press
Old National Bank President Bob Jones said an undetermined number of jobs will be eliminated, with the bulk of them being branch managers and other management positions.
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Local banks see small-business lending surging

April 4, 2011
J.K. Wall
Chase and Fifth Third of Indiana saw 57-percent and 56-percent spikes, respectively, in loans to state businesses last year. They forecast similar growth this year.
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Old National-Monroe merger costing 59 jobs

February 17, 2011
 IBJ Staff
Almost 60 employees of Old National Bank and Monroe Bank are losing their jobs as the financial institutions combine their operations.
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Sale of 118-year-old bank symptom of tough timesRestricted Content

December 11, 2010
Greg Andrews
A sale is suddenly more appealing to Monroe Bancorp and other financial institutions that used to be fiercely independent.
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