How Big Is Old National Bank: Size, Assets, and Growth?

Old National Bank’s size, measured by its assets and market reach, is a crucial indicator of its strength and influence in the financial sector. At bankprofits.net, we delve into these aspects to give you a clear picture of the bank’s current standing. Understanding these financial metrics can help you assess the bank’s stability and potential for growth.

1. What Is the Total Asset Size of Old National Bank?

As of recent reports, Old National Bank boasts a substantial asset size, reflecting its extensive operations and financial health. Determining the bank’s asset size involves analyzing its balance sheets and financial statements, typically available in their annual reports or through regulatory filings. According to their latest financial disclosures, Old National Bank had total assets of approximately $48 billion as of December 31, 2024. This figure positions them as one of the significant regional banks in the Midwest.

Breaking down the assets, you’ll find that they primarily consist of loans, securities, and cash reserves. The loan portfolio, which includes commercial, residential, and consumer loans, forms a significant portion of the assets, indicating the bank’s lending activities. Securities, such as government and corporate bonds, represent the bank’s investment strategies, while cash reserves ensure liquidity and the ability to meet customer demands. The substantial asset size of Old National Bank showcases its capacity to handle large transactions, invest in growth opportunities, and withstand economic fluctuations, making it a stable financial institution for its customers and investors.

2. How Does Old National Bank Rank Among Other Banks in Terms of Size?

Old National Bank ranks as a prominent regional bank within the United States, particularly in the Midwest, based on its asset size. While it may not be among the largest national banks like JPMorgan Chase or Bank of America, its significant asset base allows it to compete effectively within its regional market. According to the Federal Reserve data, Old National Bank is positioned among the top 100 banks in the U.S., considering the thousands of banks operating nationwide.

Compared to other regional banks, Old National Bank often stands out due to its long-standing history, customer-focused approach, and strong community involvement. Its size enables it to offer a wide range of financial services, including commercial and retail banking, wealth management, and insurance products, similar to larger national banks but with a more localized and personalized touch. Old National Bank’s ranking is a testament to its strategic growth, prudent risk management, and commitment to serving its customers and communities, making it a key player in the regional banking landscape.

3. What Is Old National Bank’s Market Capitalization?

Market capitalization provides insights into how the market values Old National Bank, reflecting investor confidence and future growth prospects. The market capitalization of Old National Bank is the total value of its outstanding shares, which is calculated by multiplying the current share price by the number of shares outstanding. As of recent evaluations, Old National Bank’s market capitalization is approximately $4.5 billion.

This valuation reflects the market’s perception of the bank’s assets, earnings potential, and overall stability. A higher market capitalization often indicates greater investor confidence and a positive outlook for the bank’s future. Old National Bank’s market capitalization is an essential metric for investors as it influences investment decisions and reflects the bank’s position within the financial industry. This figure demonstrates the bank’s substantial presence and its attractiveness to investors seeking reliable and growing financial institutions.

4. What Is the Geographic Footprint of Old National Bank?

The geographic footprint of Old National Bank covers several states in the Midwest, reflecting its strong regional presence and commitment to local communities. Old National Bank primarily operates in Indiana, Illinois, Kentucky, Michigan, and Wisconsin, with a network of over 200 banking centers. This extensive reach allows the bank to serve a diverse customer base, including individuals, small businesses, and large corporations, across a broad geographic area.

Old National Bank’s strategic focus on the Midwest region enables it to tailor its services and products to the specific needs of the local markets. Its strong community ties and understanding of regional economic dynamics further enhance its ability to provide personalized banking solutions. The bank’s geographic footprint reflects its mission to be a trusted financial partner in the communities it serves, fostering long-term relationships and contributing to local economic growth. This regional focus allows Old National Bank to deliver exceptional service and maintain a competitive edge in the banking industry.

5. How Many Employees Work at Old National Bank?

The number of employees at Old National Bank reflects its operational scale and commitment to providing personalized banking services. Old National Bank employs approximately 3,400 individuals across its various locations. These employees play crucial roles in delivering a wide range of financial services, from retail banking and commercial lending to wealth management and customer support.

Old National Bank’s workforce is essential to maintaining its customer-focused approach and fostering strong relationships within the communities it serves. The bank invests in training and development programs to ensure its employees are well-equipped to meet the evolving needs of its customers. With a dedicated team of professionals, Old National Bank continues to provide exceptional service and contribute to the financial well-being of its customers and communities.

6. What Are Old National Bank’s Key Financial Performance Indicators?

Key financial performance indicators (KPIs) for Old National Bank offer a snapshot of its profitability, efficiency, and overall financial health. These metrics help investors, analysts, and bank management assess the bank’s performance and make informed decisions. Key KPIs for Old National Bank include net income, return on assets (ROA), return on equity (ROE), net interest margin (NIM), and the efficiency ratio.

• Net Income: This is the bank’s profit after all expenses and taxes are deducted. It indicates the overall profitability of the bank.

• Return on Assets (ROA): This ratio measures how efficiently the bank is using its assets to generate earnings. A higher ROA indicates better performance. Old National Bank’s ROA has remained consistently above 1% over the past few years, indicating sound asset management.

• Return on Equity (ROE): This ratio measures how effectively the bank is using shareholders’ equity to generate profits. A higher ROE indicates better returns for investors.

• Net Interest Margin (NIM): This is the difference between the interest income the bank earns on its lending activities and the interest it pays on deposits, expressed as a percentage of its interest-earning assets. A higher NIM indicates better profitability from lending activities.

• Efficiency Ratio: This ratio measures the bank’s operating expenses as a percentage of its revenue. A lower efficiency ratio indicates better operational efficiency. Old National Bank’s efficiency ratio has improved over the years, reflecting its focus on cost management and operational improvements.

These KPIs provide a comprehensive view of Old National Bank’s financial performance and help stakeholders assess its strengths and areas for improvement.

7. How Does Old National Bank’s Asset Size Compare to Its Peers?

Comparing Old National Bank’s asset size to its peers provides valuable insights into its competitive position and relative scale within the banking industry. Old National Bank, with its $48 billion in assets, is a significant regional player. However, it’s smaller than national giants like JPMorgan Chase and Bank of America, which have trillions of dollars in assets. To offer a more detailed comparison, let’s consider a table:

Bank	Total Assets (USD Billions)
JPMorgan Chase	$4.0 Trillion
Bank of America	$3.2 Trillion
U.S. Bancorp	$663 Billion
PNC Financial Services	$562 Billion
Capital One	$470 Billion
Fifth Third Bancorp	$217 Billion
Regions Financial Corporation	$164 Billion
KeyCorp	$195 Billion
Old National Bank	$48 Billion

As illustrated in the table, Old National Bank’s asset size positions it competitively among regional banks but significantly smaller than the national giants. This comparison helps investors and customers understand Old National Bank’s role and scope within the broader financial landscape.

8. What Are the Main Business Segments of Old National Bank?

Old National Bank operates through several key business segments, each contributing to its overall revenue and strategic objectives. The main business segments include:

1. Commercial Banking: This segment provides a range of financial services to businesses, including lending, treasury management, and capital markets solutions. Commercial banking focuses on building long-term relationships with businesses of all sizes, offering tailored financial solutions to support their growth and operational needs.

2. Retail Banking: This segment serves individual customers through a network of branches and digital channels, offering deposit accounts, loans, mortgages, and other personal financial services. Retail banking emphasizes convenience and accessibility, providing customers with a variety of options to manage their finances and achieve their financial goals.

3. Wealth Management: This segment provides investment management, financial planning, and trust services to high-net-worth individuals and families. Wealth management focuses on preserving and growing clients’ wealth, offering personalized advice and solutions tailored to their unique needs and objectives.

4. Insurance: Old National Insurance provides a range of insurance products and services to individuals and businesses. This segment helps clients manage risks and protect their assets through various insurance solutions.

These business segments work together to provide a comprehensive suite of financial services to Old National Bank’s diverse customer base, contributing to its overall success and growth.

9. How Has Old National Bank Grown Over the Past Decade?

Old National Bank has demonstrated significant growth over the past decade through strategic acquisitions, organic expansion, and a focus on enhancing its customer experience. Analyzing the bank’s growth trajectory involves examining its financial statements, market expansions, and key strategic initiatives. Over the past decade, Old National Bank has grown its assets from approximately $14 billion to $48 billion, marking a substantial increase.

This growth has been fueled by several factors, including strategic acquisitions of other regional banks and financial institutions. These acquisitions have allowed Old National Bank to expand its geographic footprint, increase its customer base, and diversify its revenue streams. Organic growth initiatives, such as opening new branches, enhancing digital banking capabilities, and introducing new products and services, have also contributed to the bank’s expansion. Old National Bank’s growth reflects its commitment to innovation, customer satisfaction, and strategic decision-making, positioning it for continued success in the banking industry.

10. What Is Old National Bank’s Strategy for Future Growth?

Old National Bank’s strategy for future growth is centered around several key initiatives, including expanding its digital capabilities, enhancing customer experience, and pursuing strategic acquisitions. The bank aims to leverage technology to provide customers with convenient and seamless banking experiences through online and mobile platforms.

Enhancing customer experience involves investing in training and development for employees, personalizing services to meet individual customer needs, and building long-term relationships based on trust and mutual success. Old National Bank will likely continue to pursue strategic acquisitions to expand its geographic footprint and market share, focusing on opportunities that align with its core values and strategic objectives. According to recent statements from bank executives, Old National Bank is committed to maintaining a strong balance sheet, managing risk effectively, and delivering sustainable growth for its shareholders. These strategies position Old National Bank for continued success and relevance in the evolving banking landscape.

11. How Does Old National Bank Support Local Communities?

Old National Bank is deeply committed to supporting the local communities it serves through various initiatives focused on economic development, education, and community involvement. The bank provides financial support to local organizations and nonprofits through grants, sponsorships, and charitable donations. Old National Bank actively participates in community development projects, such as affordable housing initiatives and small business support programs, aimed at fostering economic growth and improving the quality of life for residents.

Employees at Old National Bank are encouraged to volunteer their time and expertise to local causes, contributing to community development and social welfare. Old National Bank also supports education through scholarships, financial literacy programs, and partnerships with local schools and universities. According to its corporate social responsibility reports, Old National Bank dedicates a significant portion of its resources to community support initiatives, reflecting its commitment to making a positive impact in the areas it serves.

12. What Role Does Technology Play in Old National Bank’s Operations?

Technology plays a crucial role in Old National Bank’s operations, enhancing its efficiency, customer service, and overall competitiveness. The bank has invested significantly in digital banking platforms, allowing customers to access their accounts, make transactions, and manage their finances online and through mobile apps. Old National Bank leverages data analytics to gain insights into customer behavior, personalize services, and improve decision-making.

Automation technologies are used to streamline processes, reduce costs, and improve operational efficiency across various departments. Cybersecurity measures are also a top priority, ensuring the protection of customer data and the integrity of the bank’s systems. Recent press releases highlight Old National Bank’s commitment to innovation, with plans to further integrate artificial intelligence and blockchain technologies into its operations. These technological advancements enable Old National Bank to provide cutting-edge services, enhance customer satisfaction, and maintain a competitive edge in the rapidly evolving banking industry.

13. What Types of Loans and Credit Products Does Old National Bank Offer?

Old National Bank offers a comprehensive range of loans and credit products to meet the diverse needs of its customers, including individuals, small businesses, and large corporations. For individuals, the bank provides mortgage loans for purchasing or refinancing homes, auto loans for buying new or used vehicles, and personal loans for various purposes such as debt consolidation or home improvements.

Small businesses can access commercial loans, lines of credit, and equipment financing to support their growth and operational needs. Large corporations can benefit from syndicated loans, commercial real estate financing, and other specialized lending products. Old National Bank also offers credit cards with various rewards programs and benefits to suit different spending habits and financial goals. The bank’s lending solutions are designed to provide flexible terms, competitive rates, and personalized service, helping customers achieve their financial objectives.

14. How Does Old National Bank Ensure Customer Data Security?

Old National Bank places a high priority on ensuring customer data security through a multi-layered approach that includes advanced technology, robust policies, and ongoing training. The bank employs sophisticated encryption methods to protect sensitive information during transmission and storage. Firewalls, intrusion detection systems, and other security tools are used to safeguard its networks and systems from unauthorized access.

Old National Bank also implements strict access controls, limiting employee access to customer data based on their roles and responsibilities. Regular security audits and vulnerability assessments are conducted to identify and address potential weaknesses. Employees receive continuous training on data security best practices, including how to recognize and respond to phishing attempts and other cyber threats. According to its privacy policy, Old National Bank is committed to complying with all relevant data protection laws and regulations, ensuring that customer information is handled securely and responsibly.

15. What Are the Interest Rates on Old National Bank’s Savings Accounts?

Interest rates on Old National Bank’s savings accounts vary depending on the type of account, the balance maintained, and the prevailing market conditions. Old National Bank offers several types of savings accounts, including basic savings accounts, money market accounts, and certificates of deposit (CDs). Basic savings accounts typically offer lower interest rates compared to money market accounts and CDs, but they provide easy access to funds.

Money market accounts offer higher interest rates for larger balances, combining the benefits of savings and investment accounts. CDs offer fixed interest rates for a specified term, providing predictable returns for customers willing to lock in their funds for a period of time. Interest rates on Old National Bank’s savings accounts are subject to change and are influenced by factors such as the Federal Reserve’s monetary policy and competitive pressures. Customers can find the most up-to-date interest rates on Old National Bank’s website or by contacting their local branch.

16. How Does Old National Bank Handle Customer Complaints and Disputes?

Old National Bank has established a clear and efficient process for handling customer complaints and disputes, ensuring that all concerns are addressed promptly and fairly. Customers can submit complaints through various channels, including phone, email, in-person at a branch, or through the bank’s website. Upon receiving a complaint, Old National Bank acknowledges receipt and assigns a dedicated representative to investigate the matter.

The bank conducts a thorough review of the complaint, gathering all relevant information and documentation to reach a resolution. Old National Bank strives to resolve complaints in a timely manner, keeping customers informed of the progress and outcome of their case. If a customer is not satisfied with the initial resolution, they have the option to escalate the complaint to a higher level of management for further review. Old National Bank is committed to providing fair and transparent resolutions to customer complaints, ensuring that all customers receive the highest level of service and satisfaction.

17. What Are the Fees Associated With Old National Bank’s Checking Accounts?

Fees associated with Old National Bank’s checking accounts vary depending on the type of account and the services used. Old National Bank offers several types of checking accounts, including basic checking accounts, interest-bearing checking accounts, and premium checking accounts with additional benefits. Basic checking accounts may have monthly maintenance fees, which can often be waived by meeting certain requirements such as maintaining a minimum balance or making a certain number of transactions per month.

Overdraft fees may be charged if the account balance falls below zero, and non-sufficient funds (NSF) fees may apply if a transaction is returned due to insufficient funds. Other fees may include charges for excessive withdrawals, stop payment requests, and paper statements. Old National Bank provides detailed fee schedules for each type of checking account on its website and at its branches, allowing customers to understand the costs associated with their accounts.

18. What Mobile Banking Features Does Old National Bank Offer?

Old National Bank offers a comprehensive suite of mobile banking features to provide customers with convenient and secure access to their accounts anytime, anywhere. Customers can use the Old National Bank mobile app to check their account balances, view transaction history, transfer funds between accounts, and pay bills online. Mobile deposit allows customers to deposit checks remotely by taking a picture of the front and back of the check with their smartphone or tablet.

The mobile app also includes features such as mobile alerts, which notify customers of important account activity, and a branch and ATM locator to find the nearest Old National Bank locations. Enhanced security measures, such as biometric authentication and multi-factor authentication, protect customer data and prevent unauthorized access. Old National Bank continuously updates its mobile banking features to provide customers with the latest technology and a seamless banking experience.

19. How Can I Open an Account With Old National Bank?

Opening an account with Old National Bank is a straightforward process that can be done online, in person at a branch, or by phone. To open an account online, customers can visit the Old National Bank website and complete an online application form. The application will require personal information such as name, address, date of birth, Social Security number, and contact details. Customers will also need to provide a valid form of identification, such as a driver’s license or passport.

To open an account in person, customers can visit any Old National Bank branch and speak with a customer service representative. The representative will guide them through the application process and answer any questions they may have. Customers will need to bring a valid form of identification and any required initial deposit. Opening an account by phone is also possible by calling Old National Bank’s customer service line and speaking with a representative. Regardless of the method chosen, Old National Bank aims to make the account opening process as convenient and efficient as possible.

20. What Is Old National Bank’s Routing Number?

Old National Bank’s routing number is a nine-digit code used to identify the bank in financial transactions, such as wire transfers, direct deposits, and electronic payments. The routing number varies depending on the location of the account and the type of transaction. For Old National Bank, the primary routing number is 086300039.

This routing number is used for transactions involving Old National Bank accounts in most of its service areas. However, customers should verify the routing number with their local branch or on the Old National Bank website to ensure they are using the correct code for their specific account and transaction type. Using the correct routing number is essential to ensure that funds are transferred accurately and efficiently.

21. What Are the Current CD Rates at Old National Bank?

The current Certificate of Deposit (CD) rates at Old National Bank vary based on the term length and the deposit amount. CDs are a popular savings option because they offer a fixed interest rate for a specific period, providing a predictable return on investment. As of recent updates, Old National Bank offers CD terms ranging from a few months to several years.

Shorter-term CDs (e.g., 6 months to 1 year) typically have lower interest rates compared to longer-term CDs (e.g., 3 years to 5 years). For instance, a 6-month CD might offer an APY of 2.00%, while a 5-year CD could offer an APY of 3.00%. The rates can also fluctuate based on the current market conditions and the Federal Reserve’s interest rate policies. To get the most accurate and current CD rates, it’s best to visit Old National Bank’s website or contact a local branch, as these rates are subject to change.

22. What Are the Requirements to Waive Monthly Fees on Old National Bank Accounts?

Old National Bank offers several ways to waive monthly maintenance fees on its various checking and savings accounts, making banking more affordable for its customers. The requirements vary depending on the type of account. For basic checking accounts, common ways to waive the monthly fee include maintaining a minimum daily balance, setting up direct deposits, or being a student.

For example, a basic checking account might waive the monthly fee if the customer maintains a minimum daily balance of $500 or receives at least $500 in direct deposits each month. Interest-bearing checking accounts often require higher minimum balances to waive the fee. Some accounts may also offer fee waivers for customers who are enrolled in electronic statements or who make a certain number of debit card transactions each month.

Savings accounts may also have fee waiver options, such as maintaining a minimum average daily balance or linking the account to a qualifying checking account. To find the specific requirements for waiving monthly fees on an Old National Bank account, customers should refer to the account’s terms and conditions or contact a bank representative.

23. How Does Old National Bank’s Online Bill Pay Feature Work?

Old National Bank’s online bill pay feature is a convenient tool that allows customers to pay their bills securely from their computer or mobile device. To use this feature, customers must first log in to their online banking account through Old National Bank’s website or mobile app. Once logged in, they can navigate to the bill pay section and add payees, which are the companies or individuals they want to pay.

To add a payee, customers will need to provide information such as the payee’s name, address, and account number. After the payees are set up, customers can schedule payments by selecting the payee, entering the payment amount, and choosing a payment date. Old National Bank then sends the payment electronically or by mailing a check to the payee on the scheduled date.

Customers can also set up recurring payments for bills that are the same amount each month. The online bill pay feature allows customers to view their payment history, track their payments, and receive notifications when payments are sent. This service is designed to streamline the bill-paying process and help customers manage their finances more efficiently.

24. What Types of Insurance Products Are Offered Through Old National Bank?

Old National Bank, through its insurance division, offers a variety of insurance products designed to protect individuals, families, and businesses. These products include:

1. Home Insurance: Provides coverage for damages to a home and its contents due to events like fire, storms, or theft.

2. Auto Insurance: Covers damages and liabilities related to vehicle accidents, theft, or other incidents.

3. Life Insurance: Offers financial protection to beneficiaries in the event of the insured person’s death. Options include term life, whole life, and universal life insurance.

4. Business Insurance: Includes commercial property insurance, liability insurance, and workers’ compensation insurance to protect businesses from various risks.

5. Health Insurance: Provides coverage for medical expenses, including doctor visits, hospital stays, and prescription drugs.

6. Umbrella Insurance: Offers additional liability coverage beyond the limits of other insurance policies, providing extra protection against large claims.

Old National Bank works with multiple insurance carriers to offer a wide range of options and find the best coverage to meet each customer’s specific needs.

25. How Does Old National Bank Support Small Businesses?

Old National Bank is committed to supporting small businesses through a variety of financial products and services designed to help them thrive. These offerings include:

1. Business Loans: Provides term loans, lines of credit, and SBA loans to help small businesses finance their operations, expand their business, or purchase equipment.

2. Commercial Real Estate Financing: Offers financing for the purchase, construction, or renovation of commercial properties.

3. Treasury Management Services: Helps businesses manage their cash flow with services like online banking, remote deposit capture, and ACH payment processing.

4. Business Credit Cards: Provides credit cards with rewards and benefits tailored to the needs of small businesses.

5. Merchant Services: Offers payment processing solutions to help businesses accept credit and debit card payments from their customers.

6. Financial Advice: Provides access to experienced bankers who can offer guidance and support to help small business owners make informed financial decisions.

Old National Bank also actively participates in community development initiatives and partners with local organizations to support small business growth and entrepreneurship.

26. What Is Old National Bank’s Policy on Overdraft Fees?

Old National Bank’s policy on overdraft fees is designed to provide customers with options to avoid these charges while ensuring they have access to funds when needed. An overdraft occurs when a customer tries to make a transaction that exceeds their available account balance. Old National Bank offers several ways to manage overdrafts:

1. Overdraft Protection: Customers can link their checking account to a savings account, credit card, or line of credit. If an overdraft occurs, funds are automatically transferred from the linked account to cover the transaction.

2. Overdraft Privilege: For eligible accounts, Old National Bank may choose to pay overdraft transactions, even if the customer does not have overdraft protection. A fee is charged for each transaction paid under this service.

3. Declining the Transaction: Customers can opt to have transactions declined if they would cause an overdraft. There is typically no fee for declined transactions.

4. Grace Period: Old National Bank may offer a grace period, allowing customers a certain amount of time to deposit funds and cover the overdraft before a fee is charged.

Old National Bank is committed to transparency and provides customers with clear information about its overdraft policies and fees. Customers can also monitor their account balances and transaction activity through online and mobile banking to help avoid overdrafts.

27. How Does Old National Bank Handle Wire Transfers?

Old National Bank provides wire transfer services to help customers securely send and receive funds both domestically and internationally. To send a wire transfer, customers typically need to visit a local Old National Bank branch and provide the following information:

• Recipient’s name and address
• Recipient’s bank name and address
• Recipient’s account number
• Routing number or SWIFT code (for international transfers)
• Amount to be transferred

Old National Bank charges a fee for sending wire transfers, which varies depending on whether the transfer is domestic or international. The bank also has cut-off times for processing wire transfers, and transfers submitted after the cut-off time will be processed on the next business day. To receive a wire transfer, customers need to provide the sender with their Old National Bank account number and the bank’s routing number. Funds are typically credited to the recipient’s account within one to two business days for domestic transfers and within a few days for international transfers.

28. What Are the Benefits of Using Old National Bank’s Mobile App?

The Old National Bank mobile app offers a range of benefits that make managing finances convenient and efficient. Some of the key benefits include:

• 24/7 Access: Customers can access their accounts anytime, anywhere, using their smartphone or tablet.
• Account Monitoring: The app allows customers to check their account balances, view transaction history, and monitor their spending.
• Mobile Deposit: Customers can deposit checks remotely by taking a picture of the front and back of the check with their mobile device.
• Bill Pay: The app enables customers to pay bills online, schedule payments, and set up recurring payments.
• Funds Transfer: Customers can transfer funds between their Old National Bank accounts or to external accounts.
• ATM and Branch Locator: The app helps customers find the nearest Old National Bank ATMs and branches.
• Security: The app uses advanced security measures, such as biometric authentication and multi-factor authentication, to protect customer data and prevent unauthorized access.
• Alerts: Customers can set up mobile alerts to receive notifications about important account activity, such as low balances or large transactions.

These features make the Old National Bank mobile app a valuable tool for managing finances on the go.

29. What Are the Requirements for Opening a Business Account at Old National Bank?

Opening a business account at Old National Bank requires providing certain documents and information to verify the business’s legitimacy and the identity of its owners and authorized representatives. The specific requirements may vary depending on the type of business entity, but generally include:

1. Business Formation Documents: These may include the articles of incorporation, articles of organization, or partnership agreement, depending on the business structure.

2. Employer Identification Number (EIN): The EIN is a unique tax identification number assigned by the IRS to businesses operating as corporations, partnerships, or limited liability companies (LLCs).

3. Business License or Permit: Depending on the nature of the business, a valid business license or permit may be required.

4. Ownership Information: Information about the business owners, partners, or members, including their names, addresses, and Social Security numbers.

5. Authorized Signers: Identification and authorization for individuals who are authorized to conduct transactions on behalf of the business.

6. Minimum Deposit: A minimum initial deposit may be required to open the account.

Old National Bank may also require additional documentation or information depending on the specific circumstances of the business. It’s best to contact a bank representative or visit a local branch to get a complete list of requirements for opening a business account.

30. How Does Old National Bank Participate in Community Development?

Old National Bank actively participates in community development through a variety of initiatives focused on supporting local economies, promoting affordable housing, and fostering financial literacy. Some of the key ways Old National Bank contributes to community development include:

• Community Reinvestment Act (CRA): Old National Bank complies with the CRA, which requires banks to meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
• Affordable Housing Initiatives: The bank provides financing for affordable housing projects, helping to increase the availability of safe and affordable housing options for low- and moderate-income families.
• Small Business Support: Old National Bank offers loans, lines of credit, and other financial services to support small businesses, which are vital to the local economy.
• Financial Literacy Programs: The bank conducts financial literacy workshops and seminars to help individuals and families learn how to manage their finances, save for the future, and avoid debt.
• Community Grants and Sponsorships: Old National Bank provides grants and sponsorships to local organizations and nonprofits that are working to improve the quality of life in their communities.
• Volunteerism: Old National Bank encourages its employees to volunteer their time and expertise to support local causes and community development projects.

Through these efforts, Old National Bank demonstrates its commitment to being a responsible corporate citizen and contributing to the well-being of the communities it serves.

31. What Are the Steps to Apply for a Mortgage at Old National Bank?

Applying for a mortgage at Old National Bank involves several steps to ensure a smooth and efficient process. Here’s a detailed guide:

1. Pre-Qualification: Start by getting pre-qualified for a mortgage. This involves providing Old National Bank with basic information about your income, assets, and credit history. Pre-qualification gives you an estimate of how much you can borrow.

2. Application: If you decide to proceed, fill out a formal mortgage application. You can do this online, in person, or over the phone. Be prepared to provide detailed financial information and documentation.

3. Documentation: Gather all necessary documents, which typically include:

   • Proof of income (W-2s, pay stubs, tax returns)
   • Bank statements
   • Asset statements (investment accounts, retirement funds)
   • Identification (driver’s license, Social Security card)
   • Purchase agreement (if you’ve already found a property)

4. Credit Check: Old National Bank will run a credit check to assess your creditworthiness.

5. Appraisal: The bank will order an appraisal of the property to determine its market value.

6. Underwriting: The underwriting department will review your application, credit report, appraisal, and other documents to assess the risk of lending to you.

7. Approval: If your application is approved, you’ll receive a loan commitment, outlining the terms of the mortgage.

8. Closing: Schedule a closing date to sign the final paperwork and receive the keys to your new home.

Throughout the process, stay in close communication with your loan officer at Old National Bank to address any questions or concerns.

32. How Does Old National Bank Handle Lost or Stolen Debit Cards?

Old National Bank has a clear process for handling lost or stolen debit cards to protect customers from unauthorized transactions. If you realize your debit card is missing, take the following steps:

1. Report the Loss Immediately: Contact Old National Bank as soon as possible to report the lost or stolen card. You can do this by calling the bank’s customer service line or visiting a local branch.

2. Cancel the Card: The bank will cancel your existing debit card to prevent further unauthorized use.

3. Request a New Card: Old National Bank will issue you a new debit card with a new card number. This card will typically be mailed to your address within a few business days.

4. Monitor Your Account: Regularly check your account statements and online banking activity for any unauthorized transactions. Report any suspicious activity to the bank immediately.

5. Fraud Protection: Old National Bank provides fraud protection services to help protect customers from losses due to unauthorized transactions. If you report the loss promptly, you may not be liable for fraudulent charges.

By following these steps, you can minimize the risk of financial loss and quickly restore your access to your funds.

33. What Are the Loan Options for Home Improvement at Old National Bank?

Old National Bank offers several loan options to help homeowners finance home improvements. These options include:

1. Home Equity Loan: This type of loan allows you to borrow against the equity you’ve built in your home. The loan is secured by your home, and you receive a lump sum of money that you repay over a fixed term with a fixed interest rate.

2. Home Equity Line of Credit (HELOC): A HELOC is a revolving line of credit that is also secured by your home. You can draw funds as needed, up to a certain credit limit, and repay the borrowed amount over time. Interest rates on HELOCs are typically variable.

3. Personal Loan: An unsecured personal loan can be used for any purpose, including home improvements. These loans do not require collateral, but they typically have higher interest rates than secured loans.

4. Mortgage Refinance: If you have significant equity in your home, you may be able to refinance your mortgage and include the cost of your home improvements in the new loan.

5. Credit Cards: For smaller home improvement projects, you may consider using a credit card with a low interest rate or a promotional 0% APR period.

When choosing a loan option, consider factors such as interest rates, repayment terms, fees, and the amount of equity you have in your home. Consult with a loan officer at Old National Bank to determine the best option for your needs.

34. How to Find Old National Bank Branches and ATMs Near Me?

Finding Old National Bank branches and ATMs near you is easy, thanks to the bank’s online tools and mobile app. Here are the steps you can take:

1. Online Branch Locator: Visit the Old National Bank website and use the branch locator tool. Enter your address, city, or zip code to find a list of nearby branches and ATMs. The locator provides details such as addresses, phone numbers, hours of operation, and services offered.

2. Mobile App: Download the Old National Bank