M&A Deal Summary

Old National Bank Acquires Anchor BanCorp Wisconsin

On May 2, 2016, Old National Bank acquired financial services company Anchor BanCorp Wisconsin for 443M USD

Acquisition Highlights
  • This is Old National Bank’s 16th transaction in the Financial Services sector.
  • This is Old National Bank’s largest (disclosed) transaction.
  • This is Old National Bank’s 19th transaction in the United States.
  • This is Old National Bank’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2016-05-02
Target Anchor BanCorp Wisconsin
Sector Financial Services
Buyer(s) Old National Bank
Deal Type Add-on Acquisition
Deal Value 443M USD
Advisor(s) J.P. Morgan Securities (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Anchor BanCorp Wisconsin

Madison, Wisconsin, United States
website
Anchor BanCorp Wisconsin, Inc. is a depository institution with over 50 branches across the state of Wisconsin.

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Buyer(S) 1

Buyer

Old National Bank

Evansville, Indiana, United States

website


Category Company
Founded 1834
Sector Financial Services
Employees2,445
Revenue 1.7B USD (2022)
DESCRIPTION

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


DEAL STATS #
Overall 19 of 20
Sector (Financial Services) 16 of 17
Type (Add-on Acquisition) 15 of 15
State (Wisconsin) 1 of 1
Country (United States) 19 of 20
Year (2016) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 Old National Bancorp - Five Branches

United States

Old National Bancorp - Five Branches is a provider of financial services. Five Branches located in Portland, Richmond, Brownstown, and Batesville, Indiana as well as one branch located in Union City, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 First Midwest Bank

Chicago, Illinois, United States

First Midwest Bank is a provides a full range of both business and retail banking and trust and investment management services through some 100 offices located in 64 communities primarily in metropolitan Chicago. First Midwest Bank was founded in 1982 and is based in Chicago, Illinois.

Buy -