- Business
- Old National Bancorp operates as a regional financial services holding company primarily serving the Midwest and Southeastern United States. Founded in 1834 and headquartered in Evansville, Indiana, Old National Bancorp offers a diversified suite of products and services including retail banking; commercial banking; wealth management; capital markets; and insurance. Its retail banking services encompass checking and savings accounts, certificates of deposit, consumer loans such as home mortgages, home equity lines of credit, personal and auto loans, and credit cards. For business clients, it offers commercial loans, lines of credit, treasury management, merchant services, equipment financing, and commercial real estate financing. Wealth management services include investment management, trust and estate services, financial planning, and retirement planning. The company operates over 350 banking centers with a robust digital banking platform supporting both consumer and commercial clients.
In recent major developments, Old National Bancorp announced a significant acquisition of Bremer Financial, a Minnesota-based bank, in a cash-and-stock transaction valued at $1.4 billion, completed or expected by mid-2025. This strategic acquisition expands Old National's footprint in the Midwest, particularly enhancing its presence in Minnesota, North Dakota, and Wisconsin, while positioning it as the third-largest bank in the Twin Cities area. The deal is expected to increase Old National's assets to over $70 billion and improve its deposit structure with low-cost and diversified deposits. Additionally, in 2025, Old National provided a $5 million credit facility to American Resources Corporation to support their rare earth and critical mineral feedstock acquisition strategy, indicating its engagement with innovative and sustainable industries.
Old National Bancorp continues to prioritize a client-centric approach, community engagement, and disciplined expense management. It leverages a multi-channel operational model that blends personalized, community bank service with extensive digital capabilities. The company focuses on long-term partnerships with clients including individuals, families, small to mid-sized businesses, and institutions across its geographic markets which primarily include the Midwest and Southeast. It ranks as one of the top 25 banking companies headquartered in the United States by assets and offers comprehensive financial solutions that extend beyond traditional banking to include capital markets services and insurance products. Old National Bancorp remains committed to growth through strategic acquisitions, enhanced service offerings, and community partnership initiatives.