Wednesday, June 23 2010
Evansville-based Old National Bank (NYSE: ONB) is joining AT&T, Intel and Campbell's Soup as a recipient of the 2010 Corporate Engagement Award of Excellence. The Points of Light Institute chose the companies for their volunteer efforts to solve community problems. Old National will be honored at the National Conference on Volunteering and Service June 29 in New York City.
Evansville, Ind., June 17, 2010… Old National Bank (NYSE: ONB) joined AT&T, Intel and Campbell’s Soup as a recipient of the 2010 Corporate Engagement Award of Excellence, which is presented annually by the Points of Light Institute. This prestigious national award honors companies for their extraordinary employee volunteer efforts to solve community problems.
The Points of Light Corporate Engagement Award of Excellence, established in 1993, is recognized as one of the most prestigious awards that can be bestowed upon a U.S. company in recognition of community partnership and corporate engagement. The award supports the mission of the Points of Light Institute: to inspire, equip, and mobilize people to change the world through volunteer service.
“We are incredibly proud and humbled that Old National Bank has been chosen for this prestigious honor,” said Bob Jones, Old National President and CEO. “It is a testament to our associate commitment to community leadership and service, and a powerful illustration that you don’t have to be a big company to make a big impact in the community.”
Jones continued, “Being a community bank in 2010 and beyond is about far more than meeting the financial needs of families and businesses. It requires a true passion for community service and a commitment to servant leadership. For us, it’s also about empowering and encouraging our associates to be every bit as engaged in community organizations, activities and causes as we are as a company.”
Old National will be recognized and officially receive the award at the National Conference on Volunteering and Service on June 29 in New York City. The conference is the world’s largest gathering of volunteer and service leaders from the nonprofit, government and corporate sectors.
“As we continue to usher in a renewed surge of civic engagement, we are seeing an impressive number organizations stepping up and answering the call to service,” said Michelle Nunn, CEO of Points of Light Institute. “It is truly inspiring to see companies leading the way, leveraging their unique assets and mobilizing their employees to make a meaningful difference in their communities.”
Community Leaders Respond to Old National’s Achievement
“Old National Bank has strived to develop far-reaching, actionable community programs to significantly increase Americans’ understanding of their financial opportunities within their communities,” said Doug Gibbens, Executive Director, Indiana Committee of Employer Support of the Guard and Reserve.
“Old National Bank provides countless volunteer hours to support the needs of the Evansville Vanderburgh School Corporation students and families,” said Cathlin Gray, Associate Superintendent – Family, School and Community Partnerships. “In 2009 alone, they logged more than 770 volunteer hours supporting EVSC initiatives. Old National Bank, under the leadership of Bob Jones, serves as an example of corporate engagement at its best.”
About Points of Light Institute
About Old National Bancorp
Source: Old National Bancorp & Inside INdiana Business
Monday, January 11 2010
Top-Rated Bank in Indiana and Kentucky
EVANSVILLE, Ind., Jan. 11, 2010 (GLOBE NEWSWIRE) -- Old National Bancorp (NYSE:ONB) is the 18th best performing bank in the nation and the highest rated bank in Indiana and Kentucky, according to a comprehensive Forbes Magazine ranking of the nation's 100 largest banks. The list was published December 30, 2009, in a Forbes.com article titled "America's Best and Worst Banks." Forbes.com is the online arm of Forbes Magazine.
"This is a tremendous validation of Old National's strength and stability from one of the world's foremost business and financial publications," said Bob Jones. "We are honored by this prestigious recognition and the dedication to exceptional client service that it represents."
In order to measure the health and stability of the nation's largest financial institutions on the list, Forbes turned to SNL Financial, a renowned Charlottesville, Va.-based financial research firm. SNL examined eight key financial measures:
* Return on average equity * Net interest margin * Non-performing loans as a percentage of loans * Non-performing assets as percentage of assets * Reserves as a percentage of NPLs * Two capital ratios (Tier 1 and risk-based) * Leverage ratio
The asset size of the 100 financial institutions on the Forbes list ranges from $5.2 billion to $2.3 trillion.
About Old National Bancorp
Old National Bancorp, which celebrated its 175th anniversary in 2009, is the largest financial services holding company headquartered in Indiana and, with $8 billion in assets, ranks among the top 100 banking companies in the United States. Since its founding in Evansville in 1834, Old National has focused on community banking by building long-term, highly valued partnerships with clients in its primary footprint of Indiana, Illinois and Kentucky. In addition to providing extensive services in retail and commercial banking, wealth management, investments and brokerage, Old National also owns one of the largest independent insurance agencies headquartered in Indiana, offering complete personal and commercial insurance solutions. For more information and financial data, please visit the Company's website at www.oldnational.com.
The Old National Bancorp logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1872
CONTACT: Old National Bancorp Kathy Schoettlin (812) 465-7269 www.oldnational.com
Wednesday, September 23 2009
Old National Bancorp (NYSE: ONB) in Evansville has launched a $150 million public stock offering. The company plans to use the proceeds to support ongoing and anticipated growth, which could include acquisitions of other financial institutions, possibly involving assets of failed banks. The underwriters have an option to purchase up to an additional 15 percent of the shares.
Old National Bancorp (NYSE:ONB), the holding company for Old National Bank, today announced it has commenced an underwritten public offering of $150 million of its common stock, subject to adjustment.
The Company intends to use the net proceeds from the offering for general corporate purposes and to support ongoing and future anticipated growth, which may include opportunistic acquisitions of other financial institutions, possibly including acquisitions of assets and liabilities of failed or distressed financial institutions in FDIC-sponsored or assisted transactions.
Sandler O'Neill & Partners, L.P. is the sole book-running manager.
The Company intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the shares offered to cover over-allotments, if any. The shares will be issued pursuant to a prospectus supplement to the prospectus filed as a part of the Company's effective shelf-registration statement on Form S-3 (File No.
Old National Bancorp, with $8.0 billion in assets, is a financial holding company headquartered in Indiana. Old National Bank, its banking subsidiary, is focused on community banking in its primary footprint in Indiana, eastern and southeastern Illinois, and central and western Kentucky. Old National Bancorp also owns financial services companies that provide services to supplement its banking business, including fiduciary and wealth management services, insurance and other financial services.
Source: Old National Bancorp http://www.insideindianabusiness.com/newsitem.asp?ID=37789