Old National Bank is closing its West Parrish Avenue location this Spring. The company also announced a new strategic plan called the “ONB Way” on Tuesday.
The plan includes four new executive leaders, and banking center consolidations.
Across five states, 31 banking centers will consolidate on April 24, 2020, ras the bank shifts toward digital banking solutions.
According to a press release, many of the facilities to be consolidated are in smaller markets, several of which were added in recent years through partnership activity. By state, these consolidations include 10 banking centers in both Wisconsin and Indiana, five in Michigan, four in Minnesota and two in Kentucky.
“Our 4th quarter results capped a strong year of earnings for Old National,” said CEO Jim Ryan. “Full-year 2019 results included three-quarters of record net income, stellar credit metrics, well-controlled expenses and record commercial loan production, all of which was accomplished while finalizing a new strategic plan – known as The ONB Way – that will ensure our clients remain at the center of all we do.”
