Profile: Old National Bancorp (ONB.OQ)
21 Aug 2018
Old National Bancorp, incorporated on July 19, 1982, is a financial holding company. The Company, through its banking subsidiary, provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory and other traditional banking services. The Company focuses on community banking. The Company's banking segment operates through its subsidiary, Old National Bank. As of December 31, 2016, Old National Bank operated approximately 203 banking centers located in Indiana, Kentucky, Michigan and Wisconsin. As of December 31, 2016, Old National Bank leased 81 banking centers from unaffiliated third parties. Each of the branches of Old National Bank provide a group of similar community banking services, including products and services, such as commercial, real estate and consumer loans, time deposits, checking and savings accounts, cash management, brokerage, trust and investment advisory services.
The Company's lending activities include loans to individuals, which primarily consist of home equity lines of credit, residential real estate loans and consumer loans, and loans to commercial clients, which include commercial loans, commercial real estate loans, letters of credit and lease financing. Its residential real estate loans are either kept in its loan portfolio or sold to secondary investors, with gains or losses from the sales being recognized. It serves individuals and commercial clients by providing depository services. It pays interest on the interest-bearing deposits and receives service fee revenue on various accounts. Its deposit accounts include products, such as noninterest-bearing demand, negotiable order of withdrawal (NOW), savings and money market, and time deposits. Its debit and automated teller machine (ATM) cards provide clients with access to their accounts round the clock at any ATM location. It also provides round the clock telephone access and online banking, as well as, other electronic and mobile banking services. As of December 31, 2016, the Company's net loans included $8,960,704. As of December 31, 2016, the Company's total deposits included $9,886,461. As of December 31, 2016, the Company's investment securities portfolio included approximately $3.4 billion.
Old National Bancorp
420 Main St
EVANSVILLE IN 47708-1509