Profile: Old National Bancorp (ONB.OQ)
20 Jan 2017
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. Through its non-bank affiliates, the Company provides full service insurance brokerage services and other financial services. The Company operates in two segments: banking and insurance.
The Company's banking segment operates through its subsidiary, Old National Bank. Old National Bank operates approximately 160 banking financial centers located in Indiana, Kentucky and Michigan. The banking segment consists of lending and depository activities along with cash management, private banking, brokerage, trust and investment advisory services. In addition, the banking segment includes Indiana Old National Insurance Company (IONIC), which reinsures credit life insurance. IONIC also provides property and casualty insurance for the Company and reinsures the coverage with non-affiliated carriers.
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. The Company's net loans include approximately $6.9 billion. The Company's total deposits include approximately $8.7 billion. The Company's investment securities portfolio includes approximately $3.4 billion.
The Company serves individuals and commercial clients by providing depository services. Its deposit accounts include products, such as noninterest-bearing demand, negotiable order of withdrawal (NOW), savings and money market, and time deposits. Debit and automated teller machine (ATM) cards provide clients with access to their accounts around the clock at any ATM location. The Company also provides around the clock telephone access and online banking, as well as other electronic and mobile banking services.
The Company's insurance segment offers full-service insurance brokerage services, including commercial property and casualty, surety, loss control services, employee benefits consulting and administration, and personal insurance. Its agencies offer products that are issued and underwritten by various insurance companies not affiliated with the Company. In addition, the Company has approximately two affiliated third party claims management companies that handle service claims for self-insured clients.
Old National Bancorp
1 Main St
EVANSVILLE IN 47708-1464
Company Web Links
- BRIEF-Old National Bancorp says unit entered into 4 purchase agreements for about $79.1 mln
- BRIEF-Old National Bancorp reports Q3 earnings per share $0.25
- BRIEF-Old National Bank names Mark Bradford Indianapolis region CEO
- BRIEF-Old National Bancorp's unit, Old National Bank, signs purchase agreements to acquire 3 bank properties for about $98.4 mln
- BRIEF-Old National Bancorp reports quarterly earnings per share $0.31