Old National Bancorp is a Midwest-focused regional bank that operates through its wholly-owned subsidiary, Old National Bank. Founded in 1834, Old National operates 346 banking centers across ten states, primarily in the Midwest, and positions itself as the sixth largest bank headquartered in the Midwest by assets. Old National's core business is commercial and community banking, with commercial lending — including C&I, CRE, agricultural loans, and lease financing — as the primary driver. Old National also offers consumer banking products (home equity lines, residential mortgages, and deposits) and wealth management services (trust, investment advisory, brokerage, and capital markets). Old National earns revenue primarily through net interest income — the spread between loan and securities yields and deposit costs — supplemented by fee income from wealth management, mortgage banking, and capital markets. Old National actively manages its rate-sensitive deposit book to reprice deposits down when rates fall and captures spread improvement as older fixed-rate loans and securities reprice to higher current market rates. Old National also grows through bank acquisitions; its acquisition of Bremer Bank closed in May 2025, adding scale in Minnesota and North Dakota. Beyond integration, Old National's near-term strategy focuses on organic growth, primarily by hiring commercial bankers in underpenetrated markets like Nashville, and returning excess capital to shareholders through buybacks. Old National targets an efficiency ratio below 50% and organic loan growth of 4–6% annually.