EVANSVILLE, Ind., Aug. 26, 2011 (GLOBE NEWSWIRE) -- Old National Bancorp (NYSE:ONB), which acquired all 52 branches of the former Integra Bank on July 29, 2011, in an FDIC-assisted transaction, has announced its intention to close nine of the 52 branches, effective September 30, 2011. Account information from each of the nine branches being closed will be consolidated into another former Integra office; safe deposit boxes will move to Old National facilities.
The affected former Integra branches are:
- Evansville, St. Joe → consolidated into Main Office
- Evansville, Waterford → consolidated into N. Green River Road
- Evansville, Eastland → consolidated into N. Green River Road
- Evansville, Hwy 41 and Maxwell → consolidated into First Ave. and Mill Road
- Evansville, Michigan and Main St. → consolidated into Main Office
- Clay, Ky., Main St. → consolidated into Providence, Ky.
- Madisonville, Ky., Main St.(south) → consolidated into Madisonville, Ky. (north)
- Poole, Ky., Hwy 41A N. → consolidated into Sebree, Ky.
- Mt. Vernon, Ill., Times Square → consolidated into Mt. Vernon, Ill. Broadway
Employees at the branches being closed will be transferred to the consolidated locations or assist with staffing needs at other former Integra branches. Clients of the consolidated branches will be notified of the changes by mail and through branch postings.
"We are committed to making this a smooth transition for clients of the consolidating branches, whose account information will remain the same," said Old National President & CEO Bob Jones. "And naturally, we will work very hard to ease the transition for affected associates, all of whom will be placed in a comparable position."
A transition team will continue its ongoing assessment of the entire combined network of banking centers (Old National branches and former Integra branches), which could lead to additional consolidations. These additional consolidations would not take place until after a planned December systems conversion has been completed.
About Old National
Old National Bancorp is the largest financial services holding company headquartered in Indiana and, with $8.0 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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