Old National Bancorp: Update following ratings placed on review for downgrade
Our credit view of this issuer reflects its solid historical track record, elevated CRE concentration and pending acquisition of Bremer Financial Corporation.Old National Bancorp is a financial holding company that operates primarily in Indiana, Kentucky, Michigan, Wisconsin, and Minnesota. Through its wholly owned banking subsidiary, Old National Bank, the company provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory, and other banking services. In addition to the community banking services of lending and providing deposit services, the company provides wealth management, investment, and foreign currency services. For businesses, the company provides treasury management, merchant, health savings, and capital markets services, among others.
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76,000 structured finance obligations
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