M&A Deal Summary

Old National Bank Acquires Farmers Bank National Association

On March 7, 1990, Old National Bank acquired financial services company Farmers Bank National Association for 20M USD

Acquisition Highlights
  • This is Old National Bank’s 2nd transaction in the Financial Services sector.
  • This is Old National Bank’s 6th largest (disclosed) transaction.
  • This is Old National Bank’s 2nd transaction in the United States.
  • This is Old National Bank’s 1st transaction in Kentucky.

M&A Deal Summary

Date 1990-03-07
Target Farmers Bank National Association
Sector Financial Services
Buyer(s) Old National Bank
Deal Type Add-on Acquisition
Deal Value 20M USD
Advisor(s) Sheshunoff & Co. Investment Banking (Financial)
Pedley & Blaurock PLLC (Legal)

Target

Farmers Bank National Association

Owensboro, Kentucky, United States
Farmers Bank National Association is a provider of various banking services and products.

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Buyer(S) 1

Buyer

Old National Bank

Evansville, Indiana, United States

Category Company
Founded 1834
Sector Financial Services
Employees3,955
Revenue 1.8B USD (2023)
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 2 of 20
Sector (Financial Services) 2 of 17
Type (Add-on Acquisition) 2 of 15
State (Kentucky) 1 of 1
Country (United States) 2 of 20
Year (1990) 1 of 2
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1989-12-20 SBT Bancorp

Simsbury, Connecticut, United States

SBT Bancorp, Inc. is a provider of banking and investment services to individual consumers and small businesses in Connecticut.

Buy $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1990-05-09 Warrick National Bank

Boonville, Indiana, United States

Warrick National Bank offers personal banking products and services, including current, savings, and Murabaha accounts, as well as time deposits;

Buy $131M