Old National Bank Mergers and Acquisitions Summary

Financial ServicesCompany

Old National Bank has acquired 20 companies, including 1 in the last 5 years. It has also divested 3 assets.

Old National Bank’s largest acquisition to date was in 2016, when it acquired Anchor BanCorp Wisconsin for $443M. Old National Bank has acquired in 9 different US states. The Company’s most targeted sectors include financial services (85%) and insurance (15%).

Join Mergr and gain access to Old National Bank’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity20
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6
  • M&A Advisors 5

Old National Bank

Old National Bancorp.

One Main Street,
Evansville, Indiana 47708
United States,
(800) 731-2265
www.oldnational.com

Old National Bank is a financial services holding company. Old National Bank was founded in 1834 and is based in Evansville, Indiana.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.2/yr) # 19 - - - 1 - 20
vol $815M $815M
Sell (0.2/yr) # 2 - - - - 1 3
  23

Most Recent M&A

Company Date Value Type
Old National Bancorp. - HSA Business 2022-06-27 - Divestiture
Evansville, Indiana
First Midwest Bancorp, Inc. 2021-06-01 - Merger
Chicago, Illinois · www.firstmidwest.com
Anchor BanCorp Wisconsin, Inc. 2016-05-02 443M USD Add-on Acquisition
Madison, Wisconsin · www.anchorbank.com
Old National Bancorp - Five Branches 2015-08-17 - Divestiture
, United States
Founders Financial Corp. 2014-07-30 88M USD Add-on Acquisition
Grand Rapids, Michigan
United Bank & Trust 2014-07-14 - Merger
Ann Arbor, Michigan · www.ubat.com
LSB Financial Corp. 2014-06-04 - Add-on Acquisition
Lafayette, Indiana · www.lsbank.com
Tower Financial Corp. 2014-04-25 - Add-on Acquisition
Fort Wayne, Indiana · www.towerbank.net
Bank of America - 24 Retail Banks 2013-01-09 - Divestiture
, United States
Indiana Community Bancorp. 2012-01-25 - Add-on Acquisition
Columbus, Indiana
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 17 (85%) 815M (100%) 3 (100%) -
Insurance 3 (15%) - - -
Total 20 $815M 3 -

By Geo

State/Country Buy Value Sell Value
United States 20 815M 3 -
  Indiana 10 221M 1 -
  Michigan 2 88M - -
  Illinois 2 4M - -
  Wisconsin 1 443M - -
  New York 1 26M - -
  Missouri 1 - - -
  Kentucky 1 20M - -
  Connecticut 1 13M - -
Total 20 $815M 3 -

Top M&A Advisors

Financial Deals
Sandler O'Neill + Partners LP
2
Keefe, Bruyette, & Woods, Inc.
2
Raymond James - Investment Banking
1
Legal Deals
Krieg DeVault LLP
9
Squire Patton Boggs
1

Deal Values

buy # Total
$100M to $1B 2 $575M
< $100M 6 $241M
TOTAL $815M
Largest Anchor BanCorp Wisconsin, Inc.
$443M (2016-05-02)

M&A Connections

Deals
Acquired from
Strategic(s)
15%
3 (15%)
Divested to
Strategic(s)
100%
3 (100%)

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