Old National Bank
Evansville, Indiana, Vanderburgh County
$73.9B in total assets, the 40th largest of 4,309 US banks and 1st of 89 headquartered in Indiana.
- FDIC certificate
- 3832
- Established
- 1907
- Owned by
- Old National Bcorp
- Primary regulator
- OCC
- Website
- www.oldnational.com
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $73.9B | 95% | $22.4B | |
| Loans | $50.8B | 93% | $14.4B | |
| Deposits | $57.0B | 93% | $18.0B | |
| Return on assets | 1.32% | 53% | 1.29% | |
| Net interest margin | 3.60% | 48% | 3.62% | |
| Efficiency ratio | 46.0% | 20% | 55.2% | |
| Equity to assets | 11.31% | 45% | 11.60% | |
| Loans to deposits | 89% | 59% | 87% |
Growth
Total assets grew 25.7% a year over the last 5 years and 17.8% a year over 10 years, including 5 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| May 2025 | Bremer Bank, National Association Saint Paul, MN | $16.4B |
| Apr 2024 | CapStar Bank Nashville, TN | $3.0B |
| Feb 2022 | First Midwest Bank Chicago, IL | $21.6B |
| Nov 2018 | KleinBank Chaska, MN | $2.0B |
| Nov 2017 | Anchor Bank, National Association Saint Paul, MN | $2.1B |
| May 2016 | AnchorBank, fsb Madison, WI | $2.2B |
| Jan 2015 | Founders Bank & Trust Grand Rapids, MI | $460M |
| Nov 2014 | Lafayette Savings Bank, FSB Lafayette, IN | $358M |
| Aug 2014 | United Bank & Trust Ann Arbor, MI | $881M |
| Aug 2014 | (unknown, CERT 33001) , IN | $22M |
| Apr 2014 | Tower Bank & Trust Company Fort Wayne, IN | $674M |
| Sep 2012 | Indiana Bank and Trust Company Columbus, IN | $935M |
| Jul 2011 | Integra Bank National Association Evansville, IN | $2.0B |
| Jan 2011 | Monroe Bank Bloomington, IN | $803M |
| Feb 2007 | St. Joseph Capital Bank Mishawaka, IN | $493M |
| Mar 2001 | Orange County Bank Paoli, IN, an affiliate under the same holding company | $114M |
| Oct 2000 | First National Bank and Trust Company, Carbondale, Illinois Carbondale, IL, an affiliate under the same holding company | $309M |
| Oct 2000 | Heritage Bank Clarksville, TN, an affiliate under the same holding company | $278M |
| Aug 2000 | The Farmers State Bank of Union City Union City, OH, an affiliate under the same holding company | $89M |
| Aug 2000 | Peoples Loan & Trust Bank Winchester, IN, an affiliate under the same holding company | $228M |
| Aug 2000 | American National Bank and Trust Company of Muncie Muncie, IN, an affiliate under the same holding company | $650M |
| Jul 2000 | Permanent Bank Evansville, IN | $492M |
| Nov 1999 | Palmer-American National Bank of Danville Danville, IL, an affiliate under the same holding company | $314M |
| Nov 1999 | The First National Bank of Harrisburg Harrisburg, IL, an affiliate under the same holding company | $204M |
| Nov 1999 | The First National Bank of Oblong Oblong, IL, an affiliate under the same holding company | $107M |
| Nov 1999 | Old National Bank Evansville, IN, an affiliate under the same holding company | $4.2B |
| Nov 1999 | Workingmens Federal Savings Bank Bloomington, IN | n/a |
| Nov 1999 | First-Citizens Bank and Trust Company Greencastle, IN, an affiliate under the same holding company | $187M |
| Nov 1999 | United Southwest Bank Washington, IN, an affiliate under the same holding company | $220M |
| Nov 1999 | ONB Bloomington, National Association Bloomington, IN, an affiliate under the same holding company | $366M |
| Oct 1999 | The City National Bank of Fulton Fulton, KY, an affiliate under the same holding company | $104M |
| Oct 1999 | First State Bank Greenville, KY, an affiliate under the same holding company | $238M |
| Oct 1999 | Farmers Bank and Trust Company of Madisonville Madisonville, KY, an affiliate under the same holding company | $195M |
| Oct 1999 | Morganfield National Bank Morganfield, KY, an affiliate under the same holding company | $115M |
| Oct 1999 | Security Bank & Trust Co. Vincennes, IN, an affiliate under the same holding company | $175M |
| Sep 1999 | Dubois County Bank Jasper, IN, an affiliate under the same holding company | $361M |
| Dec 1998 | Farmers Bank, National Association Owensboro, KY, an affiliate under the same holding company | $224M |
| Oct 1998 | The Citizens National Bank of Tell City Tell City, IN, an affiliate under the same holding company | $165M |
| Oct 1998 | Security Bank and Trust Co. Mount Carmel, IL, an affiliate under the same holding company | $113M |
| Apr 1998 | The National Bank of Carmi Carmi, IL, an affiliate under the same holding company | $66M |
| Oct 1997 | People's Bank and Trust Company Mount Vernon, IN, an affiliate under the same holding company | $114M |
| Oct 1996 | Gibson County Bank Princeton, IN, an affiliate under the same holding company | $74M |
| Dec 1990 | Warrick National Bank Boonville, IN | $98M |
| Mar 1986 | Southern Indiana Bank and Trust Company Newburgh, IN | $19M |
Where they operate
355 branches in 140 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Will County, IL | $7.0B | 29.8% | 1 of 34 |
| Cook County, IL | $6.1B | 1.3% | 14 of 90 |
| Vanderburgh County, IN | $5.7B | 47.2% | 1 of 13 |
| Hennepin County, MN | $2.4B | 1.7% | 10 of 68 |
| Lake County, IL | $2.1B | 6.8% | 4 of 30 |
| Ramsey County, MN | $1.5B | 2.1% | 3 of 33 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 170 branches since 2016 (185 to 355, +91.9%). 18 opened, 280 acquired, 128 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 185 | |||
| 2016 | Acquired AnchorBank, fsbSold 11 branches to First Mid Bank & Trust, National Association, sold 4 branches to MainSource Bank, opened Indianapolis, closed 5 in 2 states | 46 | 20 | +26 | 211 |
| 2017 | Acquired Anchor Bank, National AssociationOpened Kalamazoo, closed 33 in 6 states | 19 | 33 | −14 | 197 |
| 2018 | Acquired KleinBankOpened 3 in 3 states, closed 21 in 4 states | 20 | 21 | −1 | 196 |
| 2019 | Opened 4 in 2 statesClosed Neenah | 4 | 1 | +3 | 199 |
| 2020 | Opened Brooklyn CenterClosed 34 in 5 states | 1 | 34 | −33 | 166 |
| 2021 | Opened JacksonClosed Jackson | 1 | 1 | 0 | 166 |
| 2022 | Acquired First Midwest BankOpened 3 in 3 states, closed 5 in 4 states | 109 | 5 | +104 | 270 |
| 2023 | Opened 3 in 2 statesClosed 8 in 4 states | 3 | 8 | −5 | 265 |
| 2024 | Acquired CapStar Bank | 23 | 0 | +23 | 288 |
| 2025 | Acquired Bremer Bank, National AssociationOpened Franklin, closed 5 in 2 states | 72 | 5 | +67 | 355 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 29% | 25% | |
| Business (C&I) | 23% | 17% | |
| 1-4 family residential | 22% | 21% | |
| Multifamily | 12% | 8% | |
| Construction and land | 5% | 6% | |
| Consumer | 3% | 10% | |
| Farmland | 2% | 1% | |
| Agricultural | 1% | 1% | |
| Other | 4% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 58% | 62% | |
| Noninterest-bearing | 24% | 20% | |
| Time deposits | 18% | 18% |
Brokered deposits are 7.9% of deposits (peers 7.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.83% | 0.63% |
| Net charge-offs, annualized | 0.26% | 0.14% |
| Reserves to loans | 1.14% | 1.15% |
| Leverage ratio | 8.80% | 10.26% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Indiana
Largest competitors in Will County, IL
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/old