About Old National Bancorp

Old National Bancorp operates as the bank holding company for Old National Bank that provide a wide range of services primarily throughout the Midwest region and elsewhere, including commercial and consumer loan and depository services, private banking, capital markets, brokerage, wealth management, trust, investment advisory, and other traditional banking services. The company's banking centers are located primarily throughout the Midwestern United States, including Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, and Wisconsin. Each of the banking centers of the company provides a group of similar community banking services, including such products and services as commercial, real estate, and consumer loans; deposits; and private banking, capital markets, brokerage, wealth management, trust, and investment advisory services. The individual banking centers located throughout the company's Midwest footprint have similar operating and economic characteristics. The company earns interest income on loans as well as fee income from the origination of loans. Lending activities include loans to individuals, which primarily consist of home equity lines of credit, residential real estate loans, and consumer loans, and loans to commercial clients, which include commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. Residential real estate loans are either kept in its loan portfolio or sold to secondary investors, with gains or losses from the sales being recognized. The company strives to serve individuals and commercial clients by providing depository services that fit their needs at competitive rates. The company pays interest on interest-bearing deposits and receive service fee revenue on various accounts. Deposit accounts include products such as noninterest-bearing demand, interest-bearing checking and NOW, savings and money market, and time deposits. Debit and ATM cards provide clients with access to their accounts 24 hours a day at any ATM location. The company also provides 24-hour telephone access and online banking as well as other electronic and mobile banking services. In addition to providing lending and deposit services, the company offers comprehensive wealth management, trust, investment advisory, and foreign currency services. For businesses, the company provides treasury management, merchant, and capital markets services, as well as community development lending and equity investment solutions intended to produce jobs and revitalize its communities. Loan Portfolio The company lends to commercial and commercial real estate clients in many diverse industries, including real estate rental and leasing, manufacturing, healthcare, wholesale trade, construction, and agriculture, among others. The company's policy is to concentrate its lending activity in the geographic market areas it serves, primarily in the Midwest region. Investment Portfolio As of December 31, 2023, the company's investment portfolio included U.S. Treasury; U.S. government-sponsored entities and agencies; mortgage-backed securities - Agency; states and political subdivisions; pooled trust preferred securities; and other securities. Supervision and Regulation As a bank holding company and financial holding company, the company is subject to supervision, examination and regulation by the Board of Governors of the Federal Reserve System (the Federal Reserve) under the Bank Holding Company Act of 1956, as amended (the BHC Act), and is required to file reports with the Federal Reserve and to provide the Federal Reserve any additional information it may require. As a national bank, the bank is subject to primary regulation, supervision, and examination by the Office of the Comptroller of the Currency (OCC). Substantially all of the deposits of the bank are insured up to applicable limits by the Deposit Insurance Fund (DIF) which is administered by the FDIC. As a national bank, the bank is subject to primary regulation, supervision, and examination by the Office of the Comptroller of the Currency (OCC). The bank is subject to laws designed to protect consumers and prohibit unfair or deceptive business practices, including the Equal Credit Opportunity Act, the Fair Housing Act, the Home Ownership Protection Act, the Fair Credit Reporting Act, as amended by the Fair and Accurate Credit Transactions Act of 2003 (FACT Act), the Gramm-Leach-Bliley Act of 1999 (GLB Act), the Truth in Lending Act, the CRA, the Home Mortgage Disclosure Act, the Real Estate Settlement Procedures Act, the National Flood Insurance Act and applicable state law counterparts. Any transactions between the bank and its subsidiaries and the company or any other subsidiary of the company are regulated under federal banking law. The Federal Reserve Act imposes quantitative and qualitative requirements and collateral requirements on covered transactions by the bank with, or for the benefit of, its affiliates, and generally requires those transactions to be on terms at least as favorable to the bank as would be a transaction conducted between unaffiliated third-parties. History Old National Bancorp was founded in 1834.