Investors have turned pessimistic about everything from the inevitability of a U.S. recession to growing international trade disruptions and higher loan defaults.
Old National Bancorp. announced plans Tuesday to acquire St. Paul, Minnesota-based Anchor Bancorp Inc.
The center, to be called the Old National Bank Center for Closely Held Business, will have its offices in Butler’s Andre B. Lacy School of Business, but it will work with companies around the state.
Now we know exactly how much of a fortune—or not—that larger, Indiana-based banks are generating from those ill-timed debit and ATM transactions.
The Indiana-based bank holding company’s quarterly earnings met analyst expectations, but revenue fell slightly short of predictions.
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.
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.
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.