Question 1

What is Old National Bank?

Accepted Answer

Old National Bank is a large regional commercial bank headquartered in Evansville, Indiana, and one of the largest banking institutions based in the Midwest. With approximately $71 billion in assets and over 360 banking centers, Old National ranks among the top 30 banks in the United States.

The bank serves individuals, small businesses, and commercial clients across multiple states, offering a full range of financial services from retail banking to wealth management. Old National is known for its community-focused approach, combining the comprehensive offerings of a large regional bank with personalized service characteristic of community banking.

Question 2

When was Old National Bank founded?

Accepted Answer

Old National Bank was founded in 1834 as the Branch Bank at Evansville of the State Bank of Indiana, making it one of the oldest banking institutions in the United States. The bank was established to provide capital, security, and cash flow for Evansville's river-based economy along the Ohio River.

John Mitchell served as the bank's first president, while John Douglas held the combined responsibilities of bookkeeper, teller, and janitor. The bank received its first charter as a 20-year authorization and reported total deposits of over $29,000 in its first year of operation.

Throughout its history, the bank underwent several charter renewals and name changes. In 1855, it became the Evansville Branch Bank of the State Bank of Indiana, shortened to Evansville National Bank in 1866. By 1884, it adopted the name Old National Bank of Evansville, and in 1922, received its sixth and permanent charter as The Old National Bank in Evansville.

The bank earned national recognition during the financial panics of 1837 and 1857 by remaining solvent and redeeming all notes with cash while many other banks failed. In 1983, the bank formed Old National Bancorp as a holding company in anticipation of banking regulation reforms, positioning itself for expansion beyond Indiana's borders.

Question 3

Where is Old National Bank headquartered?

Accepted Answer

Old National Bank is headquartered in Evansville, Indiana, at One Main Street. The bank has maintained its headquarters in Evansville since its founding in 1834, demonstrating nearly two centuries of commitment to its original community.

Following its 2022 merger with First Midwest Bank, Old National established a dual headquarters structure, maintaining executive offices in both Evansville and Chicago, Illinois, though Evansville remains the primary headquarters location.

Question 4

Where does Old National Bank operate?

Accepted Answer

Old National Bank operates across seven states in the Midwest and Southeast regions of the United States. The bank's primary markets include Indiana, Illinois, Wisconsin, Michigan, Minnesota, Kentucky, and Tennessee, with recent expansion into North Carolina.

As of 2025, Old National maintains over 360 banking centers across these states. The bank has significant presence in major metropolitan areas including the Evansville, IN-KY region, Chicago, Indianapolis, Nashville, the Twin Cities (Minneapolis-St. Paul), Milwaukee, Grand Rapids, and other growing markets.

The bank's geographic footprint expanded significantly through strategic acquisitions. The 2022 merger with First Midwest Bank established a strong presence in the Chicago market. The 2024 acquisition of CapStar Bank provided entry into Tennessee and North Carolina with 23 banking centers, including seven in Greater Nashville. Most recently, the 2025 acquisition of Bremer Bank added 70 branches across Minnesota, North Dakota, and Wisconsin, making Old National the third-largest bank in the Twin Cities metropolitan area.

Question 5

What services does Old National Bank offer?

Accepted Answer

Old National Bank provides a comprehensive suite of financial services designed to serve individuals, businesses, and organizations. The bank operates through multiple business lines to deliver specialized solutions.

Retail Banking Services include checking and savings accounts, mortgages, home equity lines of credit, personal loans, auto loans, and credit cards. The bank offers competitive interest rates and a variety of account options tailored to different customer needs.

Commercial Banking Services encompass commercial lending, commercial real estate financing, equipment financing, treasury management services, and credit lines for businesses of all sizes. Old National specializes in serving small to mid-sized businesses with customized financial solutions.

Wealth Management Services are provided through its 1834 division (named after the bank's founding year), offering financial planning, investment management, trust and estate services, and retirement planning for high-net-worth individuals, families, and institutions.

Digital Banking Services include a full-featured online banking platform and mobile banking app, both highly rated (4.7/5 on Apple App Store and 4.6/5 on Google Play Store). Digital capabilities include mobile deposit, bill pay, account transfers, Zelle payments, text banking, eStatements, card controls, and money management tools. The bank launched a new digital banking platform specifically for small businesses in 2024.

Additional Services include insurance products (property, casualty, life, health, and employee benefits), ATM access through 246 proprietary ATMs plus the nationwide Allpoint network of 32,000 ATMs, and 24/7 customer service support.

Question 6

What makes Old National Bank unique?

Accepted Answer

Old National Bank distinguishes itself through its community-focused banking model that emphasizes long-term client relationships and local market expertise. Despite being a top-30 U.S. bank, Old National maintains the personalized service approach characteristic of community banks.

Historic Stability and Longevity: With operations dating back to 1834, Old National is one of America's oldest banks. The institution gained national recognition for its financial strength during the economic panics of 1837 and 1857, when it remained solvent and redeemed all notes with cash while competitors failed. This legacy of stability continues to define the bank's conservative lending practices and disciplined risk management.

Strategic Growth Through Acquisitions: Old National has executed a deliberate expansion strategy, completing numerous significant acquisitions since forming its holding company in 1983. Major transactions include First Midwest Bank ($2.5 billion, 2022), CapStar Bank ($344 million, 2024), and Bremer Bank ($1.4 billion, 2025). This growth strategy has been carefully managed to preserve the bank's community-oriented culture while expanding its geographic reach and service capabilities.

Community Commitment: Old National has been recognized as one of "The Civic 50" for multiple consecutive years, acknowledging its exceptional community involvement. The bank maintains a comprehensive $9.5 billion, five-year Community Growth Plan focused on supporting historically underserved and economically disadvantaged individuals, families, and communities across its footprint.

Technology Innovation: The bank has embraced digital transformation while maintaining its personal touch. Old National partners with leading fintech providers including Finastra, Fiserv, and Jack Henry & Associates to deliver cutting-edge digital banking experiences. With over 1.2 million active digital banking users and 78% of transactions occurring through digital channels, the bank successfully balances technological innovation with traditional relationship banking.

Strong Financial Performance: Old National maintains solid financial metrics with a return on assets (ROA) of 1.09% and return on equity (ROE) of 9.55%, reflecting effective management and operational efficiency across its $71 billion asset base.

Question 7

What type of financial institution is Old National Bank?

Accepted Answer

Old National Bank is a regional commercial bank and one of the largest financial institutions headquartered in the Midwest. The bank holds a national bank charter and operates as a subsidiary of Old National Bancorp, a publicly traded bank holding company listed on NASDAQ.

As a regional commercial bank, Old National serves a diverse customer base spanning retail consumers, small businesses, middle-market companies, and large commercial clients. This classification reflects the bank's broad geographic footprint across multiple states, comprehensive product offerings, and significant asset size.

The bank combines characteristics of both retail and commercial banking, with substantial operations in community banking, business lending, commercial real estate financing, wealth management, and treasury services. Old National's business model emphasizes relationship banking with deep local market knowledge, distinguishing it from purely national banks while offering more extensive resources than traditional community banks.

With 361 domestic offices and assets exceeding $70 billion, Old National functions as a super-regional bank that bridges the gap between smaller community institutions and the largest national banking organizations. The bank is regulated by the Office of the Comptroller of the Currency (OCC) and the Federal Reserve, maintaining FDIC insurance for all deposit accounts.

Old National Bank

in the United States 🇺🇸

Crypto-Friendliness

All done!

About Old National Bank in the United States