Old National Hires Region President

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Evansville-based Old National Bancorp (NYSE: ONB) has named Phil Harbert president of its new Michigan region. He previously served as a region president for South Bend-based 1st Source Bank.

July 17, 2013

News Release

Kalamazoo, Mich. -- Phil Harbert has joined Old National Bank (NYSE: ONB) as president of the company's new Michigan region. Old National recently entered the Michigan market with the acquisition of 20 former Bank of America branches in Southwestern Michigan, plus four additional banking centers in Northern Indiana. All 24 branches opened as Old National banking centers on July 15.

"We are thrilled that Phil Harbert has joined Old National as our first Michigan Region president," said Dan Doan, Old National Northern Region CEO. "With his extensive financial industry experience and intimate knowledge of the Southwestern Michigan market, Phil is the ideal leader to help introduce our unique, service-focused brand of community banking to Southwestern Michigan clients."

"I'm so excited to be part of the Old National family," said Harbert. "Old National is a natural fit for Michigan as we look to grow, and our local team is ready to help meet the needs and exceed the expectations of our diversified client base."

Prior to joining Old National, Harbert was with 1st Source Bank for 28 years where he most recently served as president for the Kalamazoo region. In his new role, he will oversee Old National’s recently acquired banking centers while also establishing a team of relationship managers and other business line partners to serve new clients and prospects in its Michigan Region. Old National’s newly acquired Southwestern Michigan banking centers are located in the communities of Adrian, Battle Creek, Benton Harbor, Blissfield, Brooklyn, Constantine, Jackson, Kalamazoo, Niles, Paw Paw, Portage and St. Joseph.

A graduate of the University of Notre Dame, Harbert lives in Kalamazoo with his wife Deborah and son Will, who attends Michigan State University. Harbert is active in the Kalamazoo community and served as the area's 2012 United Way campaign chairman.

About Old National

Old National Bancorp (NYSE: ONB) is the largest financial services holding company headquartered in Indiana and, with $9.7 billion in assets, ranks among the top 100 banking companies in the U.S. Since its founding in Evansville in 1834, Old National has focused on community banking by building long-term, highly valued partnerships with clients in its primary footprint of Indiana, Kentucky, Southern Illinois and Southwestern Michigan. In addition to providing extensive services in retail and commercial banking, wealth management, investments and brokerage, Old National also owns Old National Insurance, one of the 100 largest brokers in the U.S. For more information and financial data, please visit Investor Relations at oldnational.com.

Source: Old National Bancorp