Old National Bank - M&A Summary and Business Overview

Financial ServicesCompany

Old National Bank M&A Summary

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%).

Old National Bank Business Overview

Where is Old National Bank headquartered?

Old National Bank is headquartered in Evansville, Indiana.

What is Old National Bank’s revenue?

Old National Bank disclosed revenue of 1,728M USD for 2022 and 811M USD for 2021.

How many employees does Old National Bank have?

Old National Bank has 2,445 employees.

What sector is Old National Bank in?

Old National Bank is a financial services company.

When was Old National Bank founded?

Old National Bank was founded in 1834.

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 ≤ '19 '20 '21 '22 '23 '24 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
Keefe, Bruyette, & Woods, Inc.
2
Sandler O'Neill + Partners LP
2
Raymond James - Investment Banking
1
Legal Deals
Krieg DeVault
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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