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): | January 28, 2016 |
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 January 28, 2016, Old National Bancorp (the "Company") issued a press release announcing that the Company's Board of Directors declared a quarterly cash dividend of $0.13 per common share, an increase from the $0.12 paid on December 15, 2015. The dividend is payable March 15, 2016, to shareholders of record on March 1, 2016. For purposes of broker trading, the ex-date of the cash dividend is February 26, 2016.
Attached hereto as Exhibit 99.1 is a press release issued by Old National Bancorp announcing the dividend and which is incorporated herein by reference pursuant to General Instruction F to Form 8-K.
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 | ||||
January 28, 2016 | By: |
Jeffrey L. Knight
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Name: Jeffrey L. Knight | ||||
Title: EVP, 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 January 28, 2016. |
NEWS RELEASE
OLD NATIONAL BANCORP
FOR IMMEDIATE RELEASE January 28, 2016 |
NASDAQ: ONB oldnational.com Contacts: |
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Media: |
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Kathy A. Schoettlin (812) 465-7269 Executive Vice President Communications Financial Community: |
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Lynell J. Walton (812) 464-1366 Senior Vice President Investor Relations |
Old National Announces 8.3% Increase in Quarterly Cash Dividend
Evansville, Ind. (January 28, 2016) The Board of Directors of Old National Bancorp (the Company or Old National) (NASDAQ: ONB) declared an increase in the Companys quarterly cash dividend to $0.13 per share on the Companys outstanding shares of common stock. This new dividend level represents an 8.3% increase over the previous cash dividend level of $0.12 per common share. The dividend is payable March 15, 2016, to shareholders of record on March 1, 2016. For purposes of broker trading, the ex-date of the cash dividend is February 26, 2016. Based on Old Nationals closing price of $11.76 on January 27, 2016, the new quarterly dividend represents an annualized dividend yield of 4.4%.
Old National Bancorp Senior Executive Vice President and Chief Financial Officer Chris Wolking noted, Todays announcement marks the fifth straight year of dividend increases at Old National and reflects the Boards and Senior Managements confidence in our strategy and performance outlook. The increase also reflects our ongoing commitment to prudent utilization of our capital base while delivering long-term value to our shareholders.
About Old National
Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the largest financial services holding company headquartered in Indiana and, with $11.9 billion in assets, ranks among the top 100 banking companies in the U.S. Since its founding in Evansville in 1834, Old National Bank has focused on community banking by building long-term, highly valued partnerships with clients. Today, Old Nationals footprint includes Indiana, Kentucky and Michigan. In addition to providing extensive services in retail and commercial banking, wealth management, investments and brokerage, Old National also owns Old National Insurance, one of the 100 largest brokers in the U.S. For more information and financial data, please visit Investor Relations at oldnational.com.