- Due to associate attrition, four centers scheduled for consolidation in October
- Nineteen centers scheduled to consolidate on December 9, 2011
EVANSVILLE, Ind., Sept. 9, 2011 (GLOBE NEWSWIRE) -- Old National Bancorp, which acquired all 52 branches of the former Integra Bank on July 29, 2011, in an FDIC-assisted transaction, has announced its intention to consolidate an additional 23 former Integra branches: four to consolidate in mid-to-late October and 19 scheduled for December 9, 2011.
The following outlines the timing of the consolidations and the locations involved. All account information will be transferred to the new location.
Mid-to-late October, four former Integra banking centers will be closed. Each branch will be consolidated into another former Integra facility. The affected branches are:
- Huntingburg, Ind., Monticello -- consolidated into Huntingburg, Ind., 4th Street
- Dale, Ind. -- consolidated into Huntingburg, Ind., 4th Street
- Petersburg, Ind. -- consolidated into Washington, Ind., Main
- Mitchell, Ind. -- consolidated into Bedford, Ind.
December 9, 2011, 18 former Integra banking centers will be closed. Each branch will be consolidated into an Old National facility. In Bedford, Ind., the Old National facility will be consolidated into the Bedford Integra facility. The affected branches are:
- Mt. Vernon, Ill., Broadway -- consolidated into Mt. Vernon, Ill., 34th Street
- Carmi, Ill., 209 Main -- consolidated into Carmi, Ill., 116 Main
- Henderson, Ky., Marywood Drive -- consolidated into Henderson, Ky., US 60 E.
- Morganfield, Ky., Main Street -- consolidated into Morganfield, Ky., Morgan Street
- Madisonville, Ky., Main Street -- consolidated into Madisonville, Ky., Hospital Drive
- Mt. Vernon, Ind., 4th Street -- consolidated into Mt. Vernon, Ind., Main Street
- Newburgh, Ind., Hwy. 66 -- consolidated into Newburgh, Ind., Ruffian Lane
- Paoli, Ind., Main Street -- consolidated into Paoli, Ind., Hospital Rd.
- Washington, Ind., 300 Main Street -- consolidated into Washington, Ind., 204 Main Street
- Vincennes, Ind., Main Street -- consolidated into Vincennes, Ind., N. 3rd Street
- Rockport, Ind., Main Street -- consolidated into Rockport, Ind., Sycamore Street
- Princeton, Ind., 1501 Broadway Street -- consolidated into Princeton, Ind., 1703 Broadway Street
- Evansville, Ind., 961 Hebron Ave. -- consolidated into 4500 Washington Ave.
- Evansville, Ind., Red Bank -- consolidated into 5124 Pearl Drive
- Evansville, Ind., 12600 Hwy 41 N. -- consolidated into 13221 Darmstadt Rd.
- Evansville, Ind., 3300 N. Green River Rd. -- consolidated into 3535 N. Green River Road
- Evansville, Ind., 21 S. E. 3rd Street -- consolidated into One Main Street
- Evansville, Ind., 4659 First Ave. -- consolidated into 3888 First Ave.
- Bedford, Ind., 16th Street (Old National location) -- consolidated into Bedford, Ind., James Ave. (Integra location)
The October closures are a result of an increase in staffing attrition at the four stated locations. The remaining staff will transfer to other branch locations to assist with staffing needs. No associates will be displaced as a result of the October closings.
During the next 90 days, a team will begin to evaluate and determine staffing needs based on the December consolidations. Increased traffic in the consolidated locations, along with normal attrition at the Old National branches, will provide some opportunities for the employees affected by the closures. A special team of career support specialists has been established to provide resources to impacted employees, including personal career coaching, workshops and a networking group. Old National is also providing financial assistance, in the form of scholarship for courses at Ivy Tech should employees wish to enhance their current job skills or obtain new skills.
Clients of the consolidated branches will be notified of the changes by mail and through branch postings.
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.
The Old National Bancorp logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1872