# Old National Bank

Old National Bank is an Asset Manager based in Evansville, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Evansville, United States
- **Region:** North America
- **Address:** Evansville, IN, United States
- **Founded:** 1834
- **Assets under management:** Undisclosed
- **Website:** oldnational.com
- **LinkedIn:** https://www.linkedin.com/company/old-national-bank

## Regulatory record

- **Reports private funds:** No

## About

Old National Bank is a U.S. bank offering personal and business banking, mortgages, home equity, investing options, and wealth management. Founded in 1834 in what would later become Evansville, Indiana, it positions itself as a long-standing local banking partner. The bank emphasizes community involvement through grants, scholarships, volunteering, and financial education across a multi-state footprint.

## People

- Jim Ryan — Chairman and CEO
- Christina Schwab — Relationship Banker, Bloomington, Ind.; 2025 Volunteer of the Year
- Anna Caroline Mullis — Banking Center Manager, Bloomington
- Jeff Boudreau
- Ben Joergens — host of The Real-Life Finance Podcast

## Questions

### What is Old National Bank's primary business model?

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.

### How did the First Midwest merger change Old National's footprint?

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.

### What investment stages or asset classes does Old National target?

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.

### Who makes strategic and investment decisions at Old National?

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.

## Related profiles

- [Old Mission Investment Company](https://altss.com/profile/old-mission-investment-company-llc)
- [Old Republic International Corp.](https://altss.com/profile/old-republic-international-corp)

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Last updated: 2026-08-11T15:07:41.444Z

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