Company Overview

Old National Bancorp (ONB) is a U.S.-based financial services holding company that operates primarily through its principal subsidiary, Old National Bank. The company is engaged in the regional banking industry, offering a broad range of commercial and consumer banking services, wealth management, and investment products. ONB’s core revenue drivers include net interest income from lending activities, fee-based income from deposit services, and asset-based fees from wealth and investment management operations. The company primarily serves retail consumers, small and mid-sized businesses, and commercial clients, with a strategic focus on relationship-driven banking in its regional markets.

Founded in 1834 in Evansville, Indiana, Old National Bank is one of the oldest continuously operating banks in the United States. Over nearly two centuries, the company evolved from a local community bank into a multi-state regional banking organization through organic growth and a series of acquisitions. Its strategic positioning emphasizes local market knowledge, long-term customer relationships, and a diversified balance between consumer, commercial, and wealth management services.

Business Operations

Old National Bancorp operates through several primary business segments: Commercial Banking, Consumer Banking, and Wealth Management. Commercial Banking provides lending, treasury management, and capital services to middle-market companies, professional firms, and public sector entities. Consumer Banking includes traditional retail banking services such as deposits, residential mortgage lending, consumer loans, and digital banking platforms. Wealth Management offers trust services, investment management, retirement planning, and private banking to individuals, families, and institutions.

The company generates revenue through interest income on loans and securities, service charges on deposit accounts, and advisory and management fees. Operations are conducted primarily in the United States, with no material international banking presence. Old National Bancorp controls a full-service branch network, digital banking infrastructure, and specialized advisory teams. The company operates solely through wholly owned subsidiaries, with Old National Bank as its dominant operating entity, and does not report material joint ventures.

Strategic Position & Investments

Old National Bancorp’s strategic direction focuses on disciplined balance sheet growth, market expansion within its regional footprint, and enhanced fee-based revenue streams. Growth initiatives emphasize commercial lending, treasury management services, and the expansion of wealth management capabilities. The company has historically pursued growth through targeted acquisitions of compatible regional banks to deepen market density and achieve operational scale.

A major strategic milestone was the acquisition of First Midwest Bancorp, which significantly expanded ONB’s presence in the Midwest and increased its asset base, commercial banking scale, and customer reach. ONB continues to invest in digital banking technologies, data analytics, and cybersecurity to improve customer experience and operational efficiency. While the company is not directly involved in speculative or emerging financial technologies, it selectively adopts proven banking innovations that align with regulatory expectations and customer demand.

Geographic Footprint

Old National Bancorp is headquartered in Evansville, Indiana, and operates across the Midwestern United States. Its primary markets include Indiana, Illinois, Michigan, Wisconsin, Kentucky, Minnesota, and Iowa, where it maintains a strong branch-based and commercial banking presence. The company’s geographic strategy emphasizes contiguous markets that allow for operational efficiency and brand consistency.

ONB’s operations are entirely domestic, with no significant international branches or foreign banking subsidiaries. Its regional concentration allows the company to leverage local market expertise while maintaining sufficient geographic diversification to manage economic cycles across multiple Midwestern states.

Leadership & Governance

Old National Bancorp is led by an experienced executive team with deep backgrounds in regional banking, risk management, and financial services. Leadership emphasizes a community-focused banking philosophy, prudent risk management, and long-term shareholder value creation. The company operates under a traditional governance structure with oversight from an independent board of directors and adherence to U.S. banking regulations.

Key executives include:

• James C. Ryan – Chairman and Chief Executive Officer
• Robert G. Jones – Chief Financial Officer
• Mark Sander – President of Commercial Banking
• Kathleen H. Schuller – Chief Risk Officer
• John Moran – Chief Operating Officer

The leadership team’s strategic vision centers on sustainable growth, strong credit quality, and maintaining Old National’s long-standing reputation as a relationship-oriented regional bank.