Is Old National Bancorp a Buy?

Old National Bancorp functions as the parent company for Old National Bank, furnishing a wide array of financial services to both individual and commercial clients throughout the United States. Its product portfolio encompasses various deposit accounts, including non-interest-bearing demand, interest-bearing checking, negotiable order of withdrawal (NOW) accounts, savings, money market, and time deposits. The institution also extends numerous lending solutions, such as home equity lines of credit (HELOCs), residential real estate mortgages, personal loans, commercial financing, commercial property loans, letters of credit, and lease financing. Furthermore, Old National Bancorp provides digital and mobile banking amenities, debit and ATM cards, telephone access, cash management, private banking, brokerage, trust administration, and investment advisory services. Specialized offerings include wealth management, investment solutions, foreign currency exchange, treasury management, merchant services, health savings accounts, and capital markets services, in addition to community development lending and equity investment programs. As of December 31, 2021, the company operated 162 banking centers, predominantly situated across Indiana, Kentucky, Michigan, Minnesota, and Wisconsin. Old National Bancorp, which was established in 1834, has its primary office located in Evansville, Indiana.