Old National Bank

Old National operates as a regional bank holding company deriving revenue primarily from net interest income on its loan portfolio. It also generates fee income through wealth management, treasury management, and deposit service charges. The bank's funding base is core deposits gathered across its Midwest and Southeast branch network.

Old National's wealth management division provides trust, investment management, and private banking services. However, it does not operate a stand-alone multi-family office or institutional asset management platform on the scale of a dedicated manager. Its wealth management activities are ancillary to its core commercial and retail banking operations.

The merger-of-equals with First Midwest, completed in February 2022, nearly doubled Old National's total assets to approximately $53 billion. It added significant density in the Chicago metropolitan area and northern Illinois markets, complementing Old National's existing Indiana, Kentucky, and Minnesota presence.

Old National does not operate as a venture capital or private equity firm. Its investment activities are concentrated in its loan portfolio—commercial and industrial loans, commercial real estate, and residential mortgages—and in its securities portfolio, which is predominantly high-quality liquid assets. The bank's wealth management division allocates client assets across public equities, fixed income, and third-party managed strategies.

Strategic decisions are overseen by the Chief Executive Officer and the board of directors, which includes long-tenured directors with regional business backgrounds. Day-to-day commercial lending and credit decisions follow a hierarchical approval framework governed by the bank's credit policy, with significant exposures escalated to senior credit officers and board committees.