The final step of the largest-ever acquisition by Evansville-based Old National Bancorp (Nasdaq: ONB) is in the books. All 46 former AnchorBank locations now bear the Old National Bank name, systems and services. The company adds the existing staff members remain in place.
Old National first announced the acquisition at the beginning of the year. Valued at $460 million, the acquisition grew Old National’s total assets to $14.4 billion, including 201 banking centers. The new branches are all located in Wisconsin, with nearly half in the state capital of Madison.
Len Devaisher, chief executive officer of Old National’s Wisconsin region says "from the first days of our partnership, we were confident that Old National’s values and client- and community-focused approach to banking would be a tremendous fit for the great state of Wisconsin. We are incredibly excited to officially welcome clients today as Old National Bank, and we look forward to earning their continued trust and loyalty while also introducing Old National to others within the communities we serve."
Old National says it is now the seventh-largest deposit-holder in the state of Wisconsin.