Old National Bank

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.

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

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

• Retail banking services
• Commercial banking
• Wealth management services
• Mortgage lending
• Treasury management

Headquarters

HQ city

Evansville

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. 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%.
2. 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.
3. 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

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core 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

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature2 records

Partnerships

Four partnerships are on record, tiered strategic and core.

• Cari NetworkstrategicTechnology or Integration · 6 May 2026Strategic 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 SolutionscoreTechnology or Integration · 10 February 2026Completed 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.
• InfosysstrategicTechnology or Integration · 8 October 2024Strategic partnership for operational and technological transformation of Old National Bank. Infosys providing technology services to modernize banking operations and digital capabilities.
• LPL FinancialcoreChannel Partner/ Reseller/ DistributorStrategic 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

Direct 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

• Xx.com/old_national
• YouTubeyoutube.com/oldnational
• Facebookfacebook.com/oldnationalbancorp
• LinkedInlinkedin.com/company/old-national-bank
• Instagraminstagram.com/oldnationalbancorp
• TikToktiktok.com/@oldnationalbancorp

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&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