About bank
Old National Bank is a regional bank headquartered in Evansville, Indiana, in the United States. The bank was founded in 1834 and has grown to become one of the largest financial institutions in the Midwest. More than 180 branches in Indiana, Kentucky, Michigan, Wisconsin, Illinois, Iowa, and Minnesota provide comprehensive retail and commercial banking services.
Old National Bank provides its customers with a wide range of banking services, including personal and business savings and checking accounts, consumer loans, mortgages, credit cards, and wealth management and investment services. The bank also offers online and mobile banking, making it convenient for customers to manage their accounts and conduct transactions from anywhere.
Old National Bank has a strong commitment to the communities it serves and is actively involved in various philanthropic initiatives, including charitable giving, volunteerism, and community development. In addition, the bank has been recognized for its commitment to diversity and inclusion. It is committed to fostering an inclusive and welcoming environment for all of its customers and employees.
Old National Bancorp is one of the top 100 banking companies in the US.
Key Features
Here are some key features of Old National Bank:
- Wide Range of Banking Services. Old National Bank offers a wide range of banking services, including personal and business banking, loans, mortgages, investment services, and credit cards.
- Online and Mobile Banking. The bank's online and mobile banking platform provides customers with the ability to manage their accounts, transfer funds, pay bills, and deposit checks from anywhere.
- Community Involvement. Old National Bank is committed to giving back to its communities through charitable giving, volunteerism, and community development initiatives.
- Strong Focus on Customer Service. The bank emphasizes customer service, with a dedicated team of professionals available to assist customers with their banking needs.
- Commitment to Diversity and Inclusion. Old National Bank is committed to creating a diverse and inclusive workplace and has been recognized for its efforts to foster an environment of inclusion for all employees.
- Competitive Products and Services. Old National Bank offers various products and services, including checking and savings accounts with no monthly maintenance fees, low-rate loans, and high-yield savings accounts.
- Large Network of Branches. With more than 150 branches across five states, Old National Bank provides convenient access to banking services for customers throughout the Midwest.
Requirements
The specific requirements for opening an account or obtaining a loan at Old National Bank may vary depending on the product or service you are interested in and your financial situation. However, here are some general requirements you may need to fulfill:
For Personal Checking or Savings Accounts:
- Personal information. You will need to provide personal information such as your name, address, phone number, date of birth, and Social Security number.
- Identification. To verify your identity, you must provide a government-issued ID, such as a driver's license or passport.
- Minimum Deposit. A minimum deposit is required to open an account, except ONB EZ Access Checking.
For Loans and Mortgages:
- Personal information. You will need to provide personal information such as your name, address, phone number, date of birth, and Social Security number.
- Income and employment information. You will need to provide information about your income and employment, including pay stubs and tax returns.
- Credit Check. Old National Bank will likely perform a credit check to determine your creditworthiness.
- Collateral. For certain types of loans, you may be required to provide collateral, such as a home or car, to secure the loan.
It's important to note that these are general requirements and may vary depending on the specific product or service you are interested in. It's always best to check with Old National Bank directly to understand the specific requirements for the product or service you are interested in.
Access on the Go
Old National Bank provides customers convenient access to their banking services on the go through its mobile banking app and online banking platform. Here are some details on how to access the services of Old National Bank on the go:
- Mobile Banking App. Old National Bank's mobile banking app is available for iOS and Android devices and can be downloaded from the App Store or Google Play. Once you have downloaded the app, you can log in to your account to view balances, transfer funds, pay bills, deposit checks, and more.
- Online Banking. Old National Bank's online banking platform can be accessed from any web browser on a desktop or mobile device. Once you have logged in to your account, you can view account balances, transfer funds, pay bills, and more.
- Text Banking. Old National Bank also offers text banking, which allows you to receive account information and perform simple transactions via text message.
- ATMs. Old National Bank has a network of ATMs that can be used to withdraw cash, transfer funds, and deposit checks.
- Customer Service. If you need assistance with any of Old National Bank's services while on the go, you can contact their customer service team by phone or via the app.
Overall, Old National Bank's mobile and online banking options provide customers convenient access to their accounts and services on the go, allowing them to manage their finances from anywhere at any time.
Old National Bank products
Old National Bank offers a variety of products and services to meet the banking needs of its customers. Here are some of the main products provided by Old National Bank:
- Checking Accounts. Old National Bank offers a range of checking accounts, including free checking with no minimum balance requirements, interest-bearing checking accounts, and accounts with features like ATM fee refunds and cashback rewards.
- Savings Accounts. Old National Bank offers savings accounts with competitive interest rates and various features, including accounts for minors, health savings accounts, and money market accounts.
- Loans. Old National Bank offers a range of loans to help customers finance their personal and business needs, including auto loans, home equity loans, personal loans, and lines of credit.
- Mortgages. Old National Bank offers a variety of mortgage options, including fixed-rate and adjustable-rate mortgages, FHA and VA loans, and construction loans.
- Credit Cards. Old National Bank offers several credit card options, including rewards cards, low-rate cards, and secured cards.
- Wealth management and Investment Services. Old National Bank provides investment services to help customers manage their wealth, including financial planning, retirement planning, investment management, and trust and estate services.
- Business Banking. Old National Bank offers a range of business banking services, including checking and savings accounts, merchant services, loans and lines of credit, and cash management services.
Overall, Old National Bank provides a comprehensive suite of products and services to meet the banking needs of its customers, both personal and business.
Which associations does Old National Bank belong to?
Old National Bank is a member of several banking industry associations and organizations. Here are some of the main associations that Old National Bank belongs to:
- American Bankers Association (ABA). The ABA is a trade association for the banking industry, representing banks of all sizes and charters.
- Consumer Bankers Association (CBA). The CBA is a trade association for retail banks, promoting the interests of banks that serve consumers and small businesses.
- Minnesota River Builders Association (MRBA). The MN River Builders Association aims to increase the home building industry's professionalism and quality.
- Wisconsin Mortgage Bankers Association (WMBA). The WMBA is a trade association for the mortgage industry, representing lenders, servicers, and investors in the mortgage finance industry.
- National LGBT Chamber of Commerce (NGLCC). Old National Bank is a corporate partner of the NGLCC, which is the business voice of the LGBT community and promotes economic opportunities and advocacy for LGBT-owned businesses.
Overall, by being a member of these associations and organizations, Old National Bank can stay up-to-date on industry trends, best practices, and regulatory developments and to collaborate with other industry players to promote the interests of the banking and financial services industry.
Bank Reliability
Old National Bank has been in business for over 185 years and is a well-established and reputable financial institution in the United States. The bank has consistently received high marks for its financial strength, stability, and reliability.
Here are some indicators of Old National Bank's reliability:
- Financial Strength. Old National Bank has a strong financial position, with over $46 billion in total assets.
- Customer Reviews. Old National Bank has generally positive customer reviews, with many customers reporting good experiences with the bank's products and services.
- Awards and Recognitions. Old National Bank has received numerous awards and recognitions for its financial performance, customer service, and community involvement. For example, the bank was named one of the World's Most Ethical Companies by the Ethisphere Institute for more than ten years in a row.
- Regulatory Compliance. Old National Bank is subject to strict regulatory oversight by the Federal Reserve, FDIC, and other regulatory bodies and has a strong track record of compliance with regulatory requirements.
- Community Involvement. Old National Bank has a strong commitment to the communities it serves, focusing on promoting financial literacy, supporting local businesses, and providing charitable donations and volunteer service.
Overall, Old National Bank has a long history of reliability and stability and has consistently demonstrated its commitment to providing quality banking services to its customers.
Old National Bank vs. First Midwest Bank
Both banks are well-established financial institutions that offer their customers a range of banking products and services. Here are some key differences between the two banks:
- Geographic Footprint. Old National Bank has a larger geographic footprint than First Midwest Bank, with branches in Indiana, Kentucky, Michigan, Wisconsin, Illinois, Iowa, and Minnesota, whereas First Midwest Bank has a more limited presence in Illinois, Indiana, and Iowa.
- Asset Size. Old National Bank is more significant than First Midwest Bank in terms of total assets, with over $ 46 billion in assets, compared to First Midwest Bank's $20 billion.
- Product Offerings. While both banks offer similar products, such as checking and savings accounts, loans, mortgages, and credit cards, there may be some differences in the specifics of their offerings, such as interest rates, fees, and rewards programs.
- Focus on Business Banking. First Midwest Bank has a stronger focus on business banking than Old National Bank, offering specialized services for businesses, such as treasury management, international banking, and equipment financing.
- Merger and Acquisition History. First Midwest Bank has a history of growth through mergers and acquisitions, having acquired several smaller banks in recent years. In contrast, Old National Bank has historically grown more organically.
Ultimately, both banks have their strengths and are committed to providing quality banking services to their customers. The choice between the two may come down to factors such as location, specific product offerings, and individual preferences.
Old National Bank vs. HSA Bank
Old National Bank and HSA Bank are both financial institutions that offer healthcare savings accounts (HSAs), but there are some key differences between the two:
- Focus. HSA Bank primarily focuses on Health Savings Accounts, while Old National Bank offers a broader range of banking services in addition to HSAs. HSA Bank was initially created specifically to provide HSAs to consumers and has continued to specialize in this area.
- Fees. HSA Bank charges a monthly account maintenance fee, while Old National Bank does not charge a monthly fee for their HSA. However, Old National Bank may charge other fees for certain transactions or services.
- Investment Options. HSA Bank provides a wider range of investment options, including mutual funds and self-directed brokerage accounts. At the same time, Old National Bank offers a more limited selection of investment options.
- Technology. HSA Bank offers a more modern and user-friendly online platform, which includes a mobile app, investment tools, and educational resources. Old National Bank's online platform is less robust and may not offer the same level of functionality and ease of use.
- Service Area. HSA Bank is available to customers across the United States, while Old National Bank primarily serves customers in Indiana, Michigan, Wisconsin, Kentucky, and Illinois.
Ultimately, the choice between Old National Bank and HSA Bank will depend on the specific needs and preferences of the individual consumer. While HSA Bank may be a better fit for someone who is primarily interested in HSAs and wants a more modern online platform, Old National Bank may be a better fit for someone looking for a broader range of banking services and a more localized banking experience.
Old National Bank vs. Citibank
Old National Bank and Citibank are both financial institutions that offer a range of banking products and services, but there are some key differences between the two:
- Geographic Footprint. Citibank has a more significant global presence than Old National Bank, with branches in over 98 countries, while Old National Bank primarily serves customers in Indiana, Illinois, Kentucky, Michigan, and Wisconsin.
- Asset Size. Citibank is a much larger institution than Old National Bank, with over $2,381.064B in assets, compared to Old National Bank's $46 billion.
- Product Offerings. While both banks offer similar products, such as checking and savings accounts, loans, mortgages, and credit cards, there may be some differences in the specifics of their offerings, such as interest rates, fees, and rewards programs. Citibank offers a broader range of credit card options and investment and wealth management services.
- History. Citibank has a more extended history than Old National Bank, having been in business for over 200 years, while Old National Bank has been in operation for over 185 years.
- Technology. Citibank offers more advanced technological features, including a user-friendly mobile app, digital wallet, and mobile check deposit, while Old National Bank's online and mobile offerings may be less robust.
Ultimately, the choice between Old National Bank and Citibank will depend on the specific needs and preferences of the individual consumer. For example, while Citibank may be a better fit for someone looking for a global banking experience and advanced technological features, Old National Bank may be a better fit for someone looking for a more localized banking experience and a smaller, community-oriented bank.
