Evansville-based Old National Bancorp (Nasdaq: ONB) says it will open a regional office on Monument Circle in downtown Indianapolis. The company says key executives, regional associates and the commercial lending team will move to the new space in the Indianapolis Power & Light Co. building.
Old National says credit and other support associates will remain in its current space in the Parkwood Office Park near 96th St. and College in Indianapolis. The bank plans to make the move in the fourth quarter of this year.
Old National Regional Chief Executive Officer Randy Reichmann says it is "symbolic that Old National is located on Monument Circle at the Crossroads of America." In a release, Reichmann said, "We look forward to continue to serve our clients and community from the heart of Indiana’s largest city as the state celebrates the bicentennial and Old National celebrates serving Hoosiers for more than 181 years."
In February, Old National reported 2015 net income of $116.7 million, up from $103.7 million the previous year. Last month, the bank’s board of directors selected Old National CEO Bob Jones to be its next chairman, succeeding Larry Dunigan, who will not seek reelection after 34 years on the board.