Old National Bank
Old National Bancorp (NASDAQ: ONB) is a $73 billion-asset regional bank holding company, operating 250+ branches across nine Midwest and Southeast states, serving consumer, small business, commercial, and wealth management clients through deposit, lending, treasury, and fee-based services.
- Company typePublic
- Founded1834
- HeadquartersEvansville, United States
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What Old National Bank does
Old National Bank is the banking subsidiary of Old National Bancorp, Inc. (NASDAQ: ONB), a $73 billion-asset regional bank holding company headquartered in Evansville, Indiana, with a secondary headquarters in Chicago. Founded in 1834 and operating as a federally chartered national bank, Old National provides deposit, lending, treasury management, merchant services, and wealth management products to consumer, small business, commercial, and institutional clients through more than 250 banking centers across nine Midwest and Southeast states (Iowa, Illinois, Indiana, Kentucky, Michigan, Minnesota, North Dakota, Tennessee, and Wisconsin). Its core revenue engine is net interest income, supplemented by fee-based non-interest income from the 1834 wealth management division, treasury management, and merchant services; Q1 2026 reported revenue of $702.69 million with a 3.55% net interest margin, 8.0% annualized loan growth to $49.8 billion, and a record-low 45.7% adjusted efficiency ratio.
The bank's technology stack combines traditional core banking infrastructure with a digital banking platform (online, mobile, Zelle, mobile check deposit), an SWIFT architecture upgraded to ISO 20022 compliance through the Axletree Solutions Symmetree integration, and a blockchain-based tokenized deposit pilot via the Cari Network partnership. Specialized commercial verticals include agribusiness, healthcare finance, commercial real estate, and government/nonprofit banking. Distribution blends physical branches with dedicated commercial relationship managers and the 1834 wealth advisory channel (now expanded into Florida). Old National has pursued an aggressive inorganic growth strategy, completing the $2.5 billion First Midwest merger of equals (2022), the $344.4 million CapStar acquisition (2024), and the $1.4 billion Bremer Financial Corporation acquisition (May 2025), supported by a $400 million common stock offering in December 2024.
Go-to-market combines community-based relationship banking with regional enterprise field sales and direct-to-consumer digital acquisition (promotional bonuses of $300-$800 for new deposit accounts). The institution holds Bauer Financial 5-Star Superior and CRA Outstanding ratings (achieved by fewer than 10% of U.S. banks), a three-time Civic 50 designation, and Military Friendly Employer recognition, signaling strong regulatory and community standing that underpins both deposit-gathering and lending franchise strength across its operating footprint.
Old National Bank firmographics
Firmographics- Name
- Old National Bank
- Legal name
- Old National Bancorp, Inc.
- Website
- https://oldnational.com
- Company type
- Public
- Founded year
- 1834
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Old National Bancorp (NASDAQ: ONB) is a $73 billion-asset regional bank holding company, operating 250+ branches across nine Midwest and Southeast states, serving consumer, small business, commercial, and wealth management clients through deposit, lending, treasury, and fee-based services.
- Ownership category
- akta.pro rank
Old National Bank industry classification
Industry- Product category
- Regional Banking
- NAICS
- Depository Credit Intermediation (5221), Commercial Banking (522110)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Real Estate (Commercial Property, REITs) (FSABACAH)
Keywords
Where Old National Bank is headquartered
LocationHeadquarters
- HQ city
- Evansville
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Old National Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Net Interest Income: Traditional banking revenue from interest earned on loans and securities minus interest paid on deposits. Core revenue driver with Q1 2026 showing strong loan growth of 8.0% annualized to $49.8 billion and net interest margin of 3.55%.
- Non-Interest Income: Fee income from banking services including wealth management (1834 division), treasury management, merchant services, credit card services, and service charges on deposit accounts.
- Wealth Management: Comprehensive wealth management services through 1834 division, serving high-net-worth individuals and institutions with financial planning, investment management, and private banking.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | ONB Everyday Checking - New customer promotional bonus up to $600 |
| Unit Pricing | Monthly | Market Monitor Money Market - 3.25% APY |
| Unit Pricing | Pay-as-you-go | 4-Month Certificate of Deposit - 4.00% APY |
| Usage-based | Monthly | HELOC Introductory Rate - 1.50% discount for first 6 billing cycles |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Old National Bank product offering
Product offeringCore offering
Old National Bank is a regional bank providing consumer and commercial banking services including checking, savings, money market, CDs, IRAs, mortgages, home equity, auto loans, credit cards, and student loans for individuals, alongside business checking, SBA loans, commercial lending, treasury management, merchant services, foreign exchange, and agribusiness and healthcare finance for businesses. It also delivers wealth management and investment advisory services through its 1834 division for high-net-worth individuals and institutions across the Midwest and Southeast United States.
Differentiator
Problem solved
Functional benefit
Brands
- 1834: Wealth management division of Old National Bancorp serving high-net-worth individuals and institutions
- Real-Life Finance
- ONPointe Treasury
- ONPointe Essentials
Products and services
- Personal Checking Accounts A suite of personal checking accounts (ONB Everyday, Preferred, Classic, EZ Access, and Student Checking) for individual consumers across the Midwest and Southeast, with promotional cash bonuses of $300-$600 for new accounts. Includes debit card access, online and mobile banking, and direct deposit capabilities.
- Savings and Money Market Accounts Personal savings accounts including Basic Savings, Select Savings with tiered balance-based pricing, Savings Plus, Kids Start Savings, Christmas Savings Club, and the Market Monitor money market account offering 3.25% APY at $20,000+ new money.
- Certificates of Deposit (CDs) Fixed-term deposit accounts with guaranteed returns, available in terms from 3 to 60 months, including a 4-Month CD at 4.00% APY with $500 minimum and up to $5,000,000 maximum.
- Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts including Traditional and Roth IRA options for long-term retirement planning for individual consumers.
- Home Loans and Mortgages Home financing including Fixed Rate Mortgages, Adjustable Rate Mortgages (ARMs), FHA Loans, VA Loans, Fannie Mae HomeReady Mortgages, Jumbo Mortgages, and Construction to Permanent Loans for homebuyers and refinancing customers.
- Home Equity Loans and HELOCs Home Equity Lines of Credit (HELOCs) with 1.50% introductory rate discount for first 6 billing cycles (10-year draw, 20-year repayment) and Home Equity Loans providing fixed-term lump-sum borrowing against home equity.
- Personal and Vehicle Loans Unsecured personal loans for debt consolidation, home improvements, and major purchases; auto loans for new and used vehicles; specialty vehicle financing for boats and RVs; and the ONB CD Believer Loan allowing borrowing against CD holdings without early withdrawal penalties.
- Student Loans Education financing through the Smart Option Student Loan program with Sallie Mae, offering flexible repayment options for college expenses.
- Credit Cards Credit card products including rewards, cash back, and low-rate options distributed through Elan and FNBO partnerships.
- Business Banking Checking Small business checking accounts including Access Business Banking Checking and Pro Access Business Banking Checking with higher transaction limits, plus Commercial Checking Accounts with treasury management integration. New business accounts eligible for promotional cash bonuses of $400-$800.
- SBA Loans and Financing Small Business Administration loan programs including 7(a) and 504 loans for qualified business borrowers with government backing.
- ONPointe Treasury Enterprise treasury management platform providing comprehensive cash management, reporting, and liquidity management capabilities for commercial clients.
- ONPointe Essentials Small business treasury management solution offering simplified cash flow management and banking automation through a dedicated digital platform.
- Merchant Services Payment processing services for merchants including point-of-sale terminals, payment gateways, and merchant cash advances.
- Foreign Exchange and Global Trade Currency exchange and international trade finance services for commercial customers engaged in global business.
- Interest Rate Risk Management Hedging instruments and advisory services to help commercial clients manage interest rate exposure.
- Agribusiness Banking Specialized banking services for agricultural producers, processors, and agribusiness operations including farm loans, operating credit, and crop insurance processing.
- Healthcare Finance Financing solutions for healthcare providers including physician practices, hospitals, and senior housing facilities.
- Commercial Real Estate Lending Financing for income-producing properties including multifamily, office, retail, and industrial real estate developments.
- Digital Banking Platform Online and mobile banking platform providing 24/7 account access, mobile check deposit, bill pay, Zelle transfers, account management, and card controls for personal and business customers.
- 1834 Wealth Management Comprehensive wealth management services through the 1834 division including financial planning, investment management, private banking, and estate planning for high-net-worth individuals and institutions, with expanded presence in Indiana and Florida.
- Private Banking Premium banking services for high-net-worth clients including dedicated bankers, customized lending, and exclusive benefits.
- Investment Management Portfolio management and investment advisory services for individual and institutional clients through discretionary and non-discretionary accounts.
- Financial Planning Professional financial advisory services including retirement planning, education funding, and comprehensive financial plans.
- Land Trust Services Trust services providing asset protection and privacy benefits for real estate ownership structures.
- Real-Life Finance Financial Education Platform Financial education platform offering courses, videos, and workshops through schools, community organizations, and digital content to improve financial literacy, now including Spanish-language content.
- SWIFT ISO 20022 Compliance Upgrade Upgraded SWIFT architecture and ISO 20022 messaging compliance via Symmetree by Axletree Solutions, providing end-to-end secure transaction messaging, real-time international payment tracking, reduced friction in payment processing, and faster corporate client onboarding.
Quantifiable outcome
- Record efficiency ratio of 45.7% in Q1 2026, placing bank in top decile of industry
- +2 more outcomes
Companies that use Old National Bank
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Old National Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature2 records
Old National Bank partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered strategic and core.
- Cari NetworkstrategicStrategic partnership for tokenized deposit platform using blockchain technology. Old National is among design partners building a deposit token network enabling 24/7 instant payments while maintaining FDIC insurance. Production launch planned for late 2026 with minimum viable product in March and pilot in Q3.
- Axletree SolutionscoreCompleted partnership to upgrade Old National's SWIFT architecture and achieve ISO 20022 compliance using Symmetree by Axletree as centralized integration layer. Provides end-to-end security, real-time international payment tracking, reduced payment processing friction, and faster corporate client onboarding.
- InfosysstrategicStrategic partnership for operational and technological transformation of Old National Bank. Infosys providing technology services to modernize banking operations and digital capabilities.
- LPL FinancialcoreStrategic partnership continuing following Bremer Bank acquisition. LPL provides wealth management platform and services integrated with Old National's banking operations, offering comprehensive financial services to clients.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Old National Bank competitors and assessment
Company assessmentDirect peers
- Associated Banc-Corp: Associated (~$40B assets, Green Bay, WI) is a smaller Midwest regional peer with overlapping Wisconsin and Illinois presence, similar community banking focus, and a comparable CRA-focused commercial lending strategy — directly relevant to ONB's Midwest core.
- First Horizon Corporation: First Horizon ($80B assets, Memphis-based) is a Southeast regional bank with very similar asset size, footprint expansion strategy via M&A (including CapStar), and a comparable mix of consumer, commercial, and wealth management. It is the closest direct comp to ONB in scale and growth model.
- Zions Bancorporation: Zions ($85B assets, Salt Lake City) operates a multi-state regional banking model with similar mid-cap asset size, diversified commercial verticals, and a top-decile efficiency profile, making it a strong direct comparable for ONB's size and operating metrics.
- Wintrust Financial Corporation: Wintrust (~$60B assets, Chicago) is a Midwest regional bank with comparable asset size, a similar relationship-driven commercial banking model, and overlapping Illinois/Wisconsin presence after ONB's First Midwest merger. Highly comparable on scale, geography, and product mix.
- Synovus Financial: Synovus (~$60B assets, Columbus, GA) is a Southeast-focused regional bank with similar asset size, commercial banking emphasis, and wealth management build-out. Comparable to ONB's Southeast expansion following the CapStar acquisition.
- UMB Financial Corporation: UMB Financial (~$50B assets, Kansas City) is a mid-size Midwest regional bank with strong treasury management, healthcare banking, and correspondent banking — verticals that overlap with ONB's commercial banking strategy. Similar asset size and product mix make it a relevant comparable.
Broad incumbents
- Regions Financial Corporation: Regions (~$150B assets, Birmingham) is a larger Southeast regional bank that overlaps ONB's Tennessee/North Carolina footprint and competes in commercial and consumer banking. Larger scale makes it a broad incumbent peer rather than a direct size match.
- KeyCorp: KeyCorp (~$180B assets, Cleveland) is a larger super-regional bank with significant Midwest presence and a similar commercial banking model. Larger scale and broader geographic reach make it a broad incumbent rather than a direct comparable.
- Huntington Bancshares: Huntington (~$200B assets, Columbus, OH) is a large Midwest super-regional with a strong commercial and consumer banking franchise. ONB recently hired its former executive (Joe Chasteen), reflecting industry overlap; larger size places it as a broad incumbent.
- Fifth Third Bancorp: Fifth Third (~$200B assets, Cincinnati) is a major Midwest super-regional bank with strong commercial, wealth, and payments capabilities. Larger scale and broader product set position it as a broad incumbent peer to ONB in the Midwest.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Old National Bank social profiles
Digital presenceOld National Bank compliance and trust
Trust signalCompliance5 records
Old National Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Old National Bank leadership team
Management profileNumber of profiles
Profiles17 records
Old National Bank subsidiaries and ownership
Company hierarchySubsidiaries5 records
Old National Bank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Old National Bank M&A and investment
M&A and investmentM&A6 records
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Old National Bank
What does Old National Bank do?
Old National Bank is a regional bank providing consumer and commercial banking services including checking, savings, money market, CDs, IRAs, mortgages, home equity, auto loans, credit cards, and student loans for individuals, alongside business checking, SBA loans, commercial lending, treasury management, merchant services, foreign exchange, and agribusiness and healthcare finance for businesses. It also delivers wealth management and investment advisory services through its 1834 division for high-net-worth individuals and institutions across the Midwest and Southeast United States.
Is Old National Bank a public or private company?
Old National Bank is a public company. It is classified as public and is currently operating.
When was Old National Bank founded?
Old National Bank was founded in 1834. It employs 5,001 to 10,000 people.
Where is Old National Bank based?
Old National Bank is headquartered in Evansville, United States, in the North America region.
How does Old National Bank make money?
Three revenue lines are on record. Net Interest Income is the primary driver. The others are non-Interest Income and wealth Management.
Who are Old National Bank's main competitors?
Direct peers on record are Associated Banc-Corp, First Horizon Corporation, Zions Bancorporation, Wintrust Financial Corporation, Synovus Financial and UMB Financial Corporation. Broad incumbents are Regions Financial Corporation, KeyCorp, Huntington Bancshares and Fifth Third Bancorp.
Does Old National Bank have an API?
No public API is recorded for Old National Bank.
What industry is Old National Bank in?
Old National Bank's product category is Regional Banking. Its primary akta.pro industry code is FSABACAH, Real Estate (Commercial Property, REITs). Its NAICS code is 5221 and its SIC code is 6021.