Old National Bancorp (ONB): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind Old National Bancorp (ONB), a name synonymous with Midwestern banking? Tracing its roots back to 1834, ONB has grown into a top 30 U.S. banking company with approximately $54 billion in assets as of April 2025, but how did it get here, and what makes it tick? Keep reading to explore the rich history, ownership structure, and the mission that drives this financial institution, plus, uncover how it operates and generates revenue in today's dynamic market.

Old National Bancorp (ONB) History

Old National Bancorp Founding Timeline

Year established

The bank was established in 1834.

Original location

The bank was originally located in Evansville, Indiana.

Founding team members

The founding of the company involved a group of individuals from Evansville, Indiana, who aimed to establish a local financial institution. Although specific names of all founding members are not widely documented, the initiative was driven by prominent local businessmen and community leaders of that time.

Initial capital/funding

The initial capital funding was $100,000.

Old National Bancorp's Evolution Milestones

Old National Bancorp's Transformative Moments

• Early Innovations in Banking Services: The bank was among the first to introduce savings accounts and offer loans to local businesses, fostering economic development in its community.
• Navigating Economic Crises: Successfully navigated several economic downturns, including the Great Depression, by implementing conservative lending practices and maintaining strong relationships with its customers.
• Digital Transformation: Embraced digital banking technologies in the late 20th and early 21st centuries, enhancing customer convenience and operational efficiency.
• Strategic Acquisitions: Executed key acquisitions to expand its geographic footprint and service offerings, enhancing its competitive position.
• Community Engagement Initiatives: Implemented various community development programs, demonstrating a commitment to social responsibility and local prosperity.

Learn more about ONB's investors: Exploring Old National Bancorp (ONB) Investor Profile: Who’s Buying and Why?

Old National Bancorp (ONB) Ownership Structure

Old National Bancorp operates with a mixed ownership structure, encompassing both institutional and individual shareholders, which influences its corporate governance and strategic direction.

Old National Bancorp's Current Status

Old National Bancorp is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange. As a publicly-traded entity, Old National Bancorp is subject to regulatory oversight and reporting requirements, providing transparency to investors and stakeholders.

Old National Bancorp's Ownership Breakdown

The ownership of Old National Bancorp is distributed among various types of shareholders, including institutional investors, individual shareholders, and company insiders. Here is a breakdown of the ownership percentages:

Old National Bancorp's Leadership

The leadership team at Old National Bancorp is responsible for setting the strategic direction of the company and overseeing its operations. Key members of the leadership team as of April 2025 include:

• Jim Ryan: Chief Executive Officer
• Brenda Schneider: Chief Financial Officer

Understanding who owns and leads Old National Bancorp provides valuable insight into the company's governance and strategic decision-making processes. For more detailed insights into Old National Bancorp's investor profile, you might find this resource helpful: Exploring Old National Bancorp (ONB) Investor Profile: Who’s Buying and Why?

Old National Bancorp (ONB) Mission and Values

Old National Bancorp strives to be more than just a financial institution; it aims to be a trusted community partner. Its mission and values reflect a commitment to integrity, customer service, and community investment.

Old National Bancorp's Core Purpose

Official mission statement

While a specific, publicly declared mission statement for Old National Bancorp can be difficult to pinpoint, their actions and communications emphasize a commitment to:

• Building long-term relationships with clients.
• Supporting the economic growth and vitality of the communities they serve.
• Providing a positive and inclusive work environment for their employees.

These elements are evident in their community involvement, customer service initiatives, and employee programs.

Vision statement

Similarly, an explicit vision statement isn't readily available. However, based on their strategic direction and public statements, Old National Bancorp's vision appears to center on:

• Being a leading financial services provider in the Midwest.
• Delivering innovative and tailored financial solutions to meet the evolving needs of their clients.
• Creating sustainable value for their shareholders, employees, and communities.

Company slogan/tagline

Old National Bancorp uses the tagline 'My Bank. And More. Old National.' This slogan encapsulates the company's ambition to be more than just a bank, highlighting its commitment to providing comprehensive financial services and building strong relationships with its customers and communities. The 'And More' suggests a dedication to exceeding expectations and offering value beyond traditional banking.

To gain more insights into Old National Bancorp and its investors, check out this related article: Exploring Old National Bancorp (ONB) Investor Profile: Who’s Buying and Why?

Old National Bancorp (ONB) How It Works

Old National Bancorp operates as a financial holding company, delivering a comprehensive suite of banking and financial services to individuals, businesses, and community organizations.

Old National Bancorp's Product/Service Portfolio

Old National Bancorp provides diverse financial solutions. For more information, check this link: Breaking Down Old National Bancorp (ONB) Financial Health: Key Insights for Investors

Old National Bancorp's Operational Framework

Old National Bancorp's operational framework is built around several key processes that drive value creation:

• Customer Relationship Management: ONB emphasizes building strong, long-term relationships with its customers by offering personalized service and tailored financial solutions.
• Risk Management: A robust risk management framework is in place to identify, assess, and mitigate various risks, including credit, market, operational, and compliance risks.
• Digital Transformation: ONB is focused on enhancing its digital capabilities to improve customer experience, streamline operations, and drive efficiency. This includes investments in online and mobile banking platforms, as well as data analytics and automation technologies.
• Community Engagement: ONB actively participates in community development initiatives, supporting local organizations and promoting financial literacy to foster economic growth and improve the well-being of the communities it serves.

Old National Bancorp's Strategic Advantages

Old National Bancorp maintains several strategic advantages that enable its success in the competitive financial services market:

• Strong Regional Presence: ONB has a well-established presence in the Midwest, with a network of branches and offices serving communities across Indiana, Kentucky, Michigan, Wisconsin, and Illinois. This regional focus allows ONB to develop deep local market knowledge and build strong customer relationships.
• Diversified Business Model: ONB offers a diversified range of financial products and services, including commercial banking, retail banking, wealth management, and insurance. This diversification reduces reliance on any single line of business and provides multiple revenue streams.
• Experienced Management Team: ONB has an experienced and dedicated management team with a proven track record of success. The leadership team is focused on executing the company's strategic plan, driving growth, and delivering value to shareholders.
• Commitment to Technology and Innovation: ONB is committed to investing in technology and innovation to enhance its products and services, improve customer experience, and drive efficiency. This includes investments in digital banking platforms, data analytics, and automation technologies.

Old National Bancorp (ONB) How It Makes Money

Old National Bancorp primarily generates revenue through traditional banking activities, including interest income from loans and investment securities, as well as fees from various banking services.

Old National Bancorp's Revenue Breakdown

Here's a look at the estimated revenue streams:

Old National Bancorp's Business Economics

Old National Bancorp's business economics are influenced by several key factors:

• Interest Rate Spread: The difference between the interest earned on loans and the interest paid on deposits is a critical driver of profitability. Wider spreads generally lead to higher net interest income.
• Loan Portfolio Composition: The mix of commercial, residential, and consumer loans impacts the overall yield and risk profile of the bank's assets.
• Operating Efficiency: Managing operating expenses, including salaries, technology, and occupancy costs, is essential for maintaining a healthy bottom line.
• Regulatory Environment: Banking regulations and compliance requirements can affect operational costs and business strategies.
• Market Conditions: Economic growth, unemployment rates, and housing market trends in the bank's geographic footprint influence loan demand and credit quality.

Old National Bancorp's Financial Performance

Key aspects of Old National Bancorp's financial performance include:

• Revenue Growth: Consistent growth in net interest income and fee income is vital for long-term success.
• Profitability: Metrics such as return on assets (ROA) and return on equity (ROE) indicate how efficiently the bank is using its assets and equity to generate profits.
• Asset Quality: Monitoring non-performing loans and charge-offs is crucial for assessing the health of the loan portfolio.
• Capital Adequacy: Maintaining sufficient capital levels is essential for absorbing potential losses and supporting future growth.
• Efficiency Ratio: A lower efficiency ratio (operating expenses as a percentage of revenue) indicates better operational efficiency.

For more in-depth information about Old National Bancorp, check out: Exploring Old National Bancorp (ONB) Investor Profile: Who’s Buying and Why?

Old National Bancorp (ONB) Market Position & Future Outlook

As of April 2025, Old National Bancorp (ONB) navigates a dynamic financial landscape, striving to solidify its market position and capitalize on emerging opportunities while mitigating potential risks. Exploring Old National Bancorp (ONB) Investor Profile: Who’s Buying and Why?

Competitive Landscape

Opportunities & Challenges

Industry Position

Old National Bancorp operates within the highly competitive banking industry, facing both established national players and regional peers. Its industry position can be further described by:

• Community Focus: ONB differentiates itself through a strong commitment to community banking, emphasizing local relationships and personalized service.
• Regional Strength: With a significant presence in the Midwest, ONB benefits from regional economic growth and development opportunities.
• Digital Transformation: ONB is investing in digital technologies to enhance customer experience, improve operational efficiency, and expand its reach.