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M&A Deal Summary

Old National Bank Acquires Southern Illinois Holding

On April 25, 1991, Old National Bank acquired financial services company Southern Illinois Holding for 4M USD

Acquisition Highlights
  • This is Old National Bank’s 4th transaction in the Financial Services sector.
  • This is Old National Bank’s 8th largest (disclosed) transaction.
  • This is Old National Bank’s 4th transaction in the United States.
  • This is Old National Bank’s 1st transaction in Illinois.

M&A Deal Summary
Date 1991-04-25
Target Southern Illinois Holding
Sector Financial Services
Buyer(s) Old National Bank
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Southern Illinois Holding

Carmi, Illinois, United States
Southern Illinois Holding Co. operates as a bank holding company provides 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 4 of 20
Sector (Financial Services) 4 of 17
Type (Add-on Acquisition) 4 of 15
State (Illinois) 1 of 2
Country (United States) 4 of 20
Year (1991) 1 of 2
Size (of disclosed) 8 of 8
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1991-11-07 U.S.B.

Orangeburg, New York, United States

U.S.B. Corp. is a provider of commercial banking and financial services in New York.

Buy $26M
Mergr

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