UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | December 5, 2011 |
Old National Bancorp
__________________________________________
(Exact name of registrant as specified in its charter)
Indiana | 001-15817 | 35-1539838 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
One Main Street, Evansville, Indiana | 47708 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | (812) 464-1294 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On December 5, 2011, Old National Bancorp’s wholly owned bank subsidiary, Old National Bank ("ONB"), announced that on December 2, 2011 it completed the sale of deposits to First Midwest Bank from four former Chicago-area Integra Bank branches that ONB acquired in an FDIC assisted transaction on July 29, 2011. Old National has agreed to sell to First Midwest Bank the branch facility which is located at 2320 S. Rt. 59, Plainfield, Illinois at a later date to be determined by the parties. Old National Bank did not acquire the other three Chicago-area Integra Bank branch facilities from the FDIC.
Attached hereto as Exhibit 99.1 is a press release issued by Old National Bancorp announcing the completion of the sale of deposit accounts which is incorporated herein by reference pursuant to General Instruction F to Form 8-K.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. / Description
99.1 - Press Release Issued by Old National Bancorp dated December 5, 2011.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Old National Bancorp | ||||
December 5, 2011 | By: |
Jeffrey L. Knight
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Name: Jeffrey L. Knight | ||||
Title: Executive Vice President, Chief Legal Counsel and Corporate Secretary |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Press Release issued by Old National Bancorp dated December 5, 2011. |
NEWS RELEASE
NYSE: ONB
oldnational.com
Contacts:
Media:
Kathy A. Schoettlin (812) 465-7269
Communications Director, EVP
FOR IMMEDIATE RELEASE
December 5, 2011
Old National Bank completes the sale of deposits from former Chicago-area Integra branches to First Midwest Bank
- Deposits of four branches included in the sale: Bridgeview, Mokena, Plainfield North and
Plainfield South
- Deposits total approximately $185 Million
- All loans to remain with Old National
Evansville, Ind. (December 5, 2011) Old National Bank, which acquired all 52 branches of the former Integra Bank on July 29, 2011, in an FDIC-assisted transaction, has completed the sale of the deposits of four former Integra branches located in the Chicago area to First Midwest Bank. This transaction closed Friday, Dec. 2, 2011.
The deposits involved in the sale are at the following locations:
Bridgeview, Ill. branch 7661 S. Harlem Ave., Bridgeview, Ill.
Mokena, Ill. branch 19102 S. 88th Avenue, Mokena, Ill.
Plainfield North branch 12251 S. Rt. 59, Plainfield, Ill.
Plainfield South branch 2320 S. Rt. 59, Plainfield, Ill.
All loan accounts from these four branches will remain with Old National as a part of its loss-share agreement with the FDIC. In addition, Old National Bank has agreed to sell the Plainfield South facility at 2320 S. Rt. 59, Plainfield, IL to First Midwest Bank at a later date to be determined by the parties. Old National Bank did not acquire the facilities associated with the Bridgeview, Ill. branch, Mokena, Ill branch or the Plainfield North branch from the FDIC in connection with its acquisition of the former Integra Bank branches.
The decision to sell these deposits was driven by our desire to find a strong, Chicago-based institution to serve these former Integra clients, said Bob Jones, Old National President and CEO. We are confident that we have found such a partner in First Midwest Bank, and we are thrilled to complete this transaction.
Old National was advised by the legal firm of Krieg DeVault LLP and the investment banking firm of Sandler ONeill + Partners, L.P.
About Old National
Old National Bancorp is the largest financial services holding company headquartered in
Indiana and, with $8.9 billion in assets, ranks among the top 100 banking companies in the United
States. Since its founding in Evansville in 1834, Old National has focused on community banking by
building long-term, highly valued partnerships with clients in its primary footprint of Indiana,
Illinois and Kentucky. In addition to providing
extensive services in retail and commercial banking, wealth management, investments and brokerage,
Old National also owns Old National Insurance which is one of the top 100 largest agencies in the
US and the 10th largest bank-owned insurance agency. For more information and financial data,
please visit Investor Relations at oldnational.com.
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