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Old National Bancorp
Financial services / Banking and Financial Services
At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
Old National Bancorp is American financial services company headquartered in Evansville, Indiana. It was founded in 1834 as the Old National Bank and has since expanded to become one of the largest financial institutions in the Midwest with more than $23 billion in assets. The company offers a wide range of banking and financial services to individuals and businesses including checking and savings accounts, mortgages, loans, investment services, and insurance. Old National Bancorp also operates a network of over 190 banking centers in Indiana, Kentucky, Michigan, Wisconsin, and Illinois, and has over 1900 employees. The company is publicly traded on the NASDAQ stock exchange under the ticker symbol ONB.
What is special about the company?
1. Long History: Old National Bancorp has a long history dating back to 1834, making it one of the oldest financial institutions in the United States. It has survived through numerous economic downturns and has a proven track record of resilience.
2. Strong Community Focus: As a community bank, Old National Bancorp has a strong focus on investing in and giving back to the communities it serves. It has a dedicated Corporate Responsibility program that supports various causes and organizations.
3. Diversified Financial Services: Old National Bancorp offers a wide range of financial services, including personal and business banking, wealth management, insurance, and trust services. This makes it a one-stop-shop for all financial needs.
4. Customer Satisfaction: Old National Bancorp has consistently received high customer satisfaction ratings, demonstrating its commitment to providing excellent customer service and meeting the needs of its clients.
5. Strong Financial Performance: The company has a track record of strong financial performance, with consistent revenue and earnings growth, solid asset quality, and strong capital levels.
6. Well-Established Presence: With over 190 banking centers and 300 ATMs across the Midwest, Old National Bancorp has a well-established presence in its markets, making it a trusted and reliable option for customers.
7. Commitment to Diversity and Inclusion: The company has a strong commitment to diversity and inclusion, both within its workforce and in the communities it serves. It has received multiple awards and recognition for its efforts in this area.
8. Emphasis on Innovation: Old National Bancorp is committed to staying ahead of the curve in terms of technology and innovation. It continuously invests in digital capabilities to enhance the customer experience and increase efficiency.
9. Strong Leadership: The company has a strong leadership team with years of experience in the financial industry, providing stability and direction for the company.
10. Financial Stability: With a strong balance sheet, healthy asset quality, and diversified revenue streams, Old National Bancorp has a solid foundation for long-term growth and success.
2. Strong Community Focus: As a community bank, Old National Bancorp has a strong focus on investing in and giving back to the communities it serves. It has a dedicated Corporate Responsibility program that supports various causes and organizations.
3. Diversified Financial Services: Old National Bancorp offers a wide range of financial services, including personal and business banking, wealth management, insurance, and trust services. This makes it a one-stop-shop for all financial needs.
4. Customer Satisfaction: Old National Bancorp has consistently received high customer satisfaction ratings, demonstrating its commitment to providing excellent customer service and meeting the needs of its clients.
5. Strong Financial Performance: The company has a track record of strong financial performance, with consistent revenue and earnings growth, solid asset quality, and strong capital levels.
6. Well-Established Presence: With over 190 banking centers and 300 ATMs across the Midwest, Old National Bancorp has a well-established presence in its markets, making it a trusted and reliable option for customers.
7. Commitment to Diversity and Inclusion: The company has a strong commitment to diversity and inclusion, both within its workforce and in the communities it serves. It has received multiple awards and recognition for its efforts in this area.
8. Emphasis on Innovation: Old National Bancorp is committed to staying ahead of the curve in terms of technology and innovation. It continuously invests in digital capabilities to enhance the customer experience and increase efficiency.
9. Strong Leadership: The company has a strong leadership team with years of experience in the financial industry, providing stability and direction for the company.
10. Financial Stability: With a strong balance sheet, healthy asset quality, and diversified revenue streams, Old National Bancorp has a solid foundation for long-term growth and success.
What the company's business model?
The business model of Old National Bancorp centers around providing financial services, primarily banking and lending, to individuals and businesses in the midwestern United States. This includes traditional banking services such as checking and savings accounts, loans, credit cards, and wealth management services. The company also offers online and mobile banking options. In addition, Old National Bancorp focuses on community involvement and reinvesting in local communities through philanthropy and volunteer efforts. The company aims to provide convenient and personalized financial solutions while maintaining strong relationships with its customers and communities.
Interesting facts about the company
1. Old National Bancorp was established in 1834 as the Lafayette, Indiana, branch of the State Bank of Indiana.
2. The bank was originally called the Lafayette branch of the State Bank of Indiana, but changed its name to Old National Bank in 1922.
3. The bank’s headquarters is located in Evansville, Indiana.
4. Old National Bancorp is the largest financial services bank holding company headquartered in Indiana.
5. As of December 31, 2020, Old National Bancorp had assets of approximately $23.5 billion and over 200 banking centers serving Indiana, Kentucky, Michigan, Wisconsin, and Minnesota.
6. Old National Bancorp is consistently recognized as one of the top-performing banks in the United States, ranking on Forbes’ list of the 100 Best Banks in America for five consecutive years.
7. In 2020, Old National Bancorp was named one of the World’s Most Ethical Companies by the Ethisphere Institute, the eighth consecutive year the company has received this honor.
8. Old National Bancorp offers a variety of financial services, including personal and business banking, wealth management, insurance, and lending solutions.
9. The company prides itself on its commitment to diversity and inclusion, with a strong focus on creating an inclusive workplace for all employees.
10. Old National Bancorp is actively involved in its local communities, with a strong emphasis on supporting education, economic development, and community growth initiatives.
See Company Due Diligence:
2. The bank was originally called the Lafayette branch of the State Bank of Indiana, but changed its name to Old National Bank in 1922.
3. The bank’s headquarters is located in Evansville, Indiana.
4. Old National Bancorp is the largest financial services bank holding company headquartered in Indiana.
5. As of December 31, 2020, Old National Bancorp had assets of approximately $23.5 billion and over 200 banking centers serving Indiana, Kentucky, Michigan, Wisconsin, and Minnesota.
6. Old National Bancorp is consistently recognized as one of the top-performing banks in the United States, ranking on Forbes’ list of the 100 Best Banks in America for five consecutive years.
7. In 2020, Old National Bancorp was named one of the World’s Most Ethical Companies by the Ethisphere Institute, the eighth consecutive year the company has received this honor.
8. Old National Bancorp offers a variety of financial services, including personal and business banking, wealth management, insurance, and lending solutions.
9. The company prides itself on its commitment to diversity and inclusion, with a strong focus on creating an inclusive workplace for all employees.
10. Old National Bancorp is actively involved in its local communities, with a strong emphasis on supporting education, economic development, and community growth initiatives.
See Company Due Diligence:
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