Old National Bank is headquartered in Evansville and is the largest bank in the state of Indiana. It is also the 104th largest bank in the nation. It was established in 1907 and as of December of 2015, it had grown to 2,147 employees at 177 locations. Old National Bank has a B+ health rating.
Old National Bank is a great bank. The workers are very nice and helpful. They are always willing to help if you have a problem. Their fees on checking accounts are very low and manageable. I have not had one problem with Old National bank and I have been using them for 8 years.
The things people complain about can usually be easily avoided in my opinion. If you use a good old fashioned check register, know the bank's policies (when your deposit will be available, whether or not you agree with it, the policy is in place regardless), then you should be able to keep track of your balancing, thus not spending money you don't have, thus not getting overdraft fees. You can't solely rely on at ATM receipts or online banking to keep track of your balance...unfortunately these methods don't know which checks your have written that are outstanding or even some payments that you initiated that haven't posted to the account yet. Until checking accounts can obtain psychic powers, the only fool-proof method of not overdrawing is to know the policies, keep a register and don't spend money that isn't in your account. As for overdraft fees, from my understanding they post high to low, which can be to the benefit of the customer if they are negative because the most expensive thing (ex:mortgage) is deemed the most important, therefore, it is least likely to get returned. This is just my opinion, take it or leave it.
I opened my first account with ONB 10 years ago when I was in college. I had no issues with them for several years. Over the years I even had two auto loans and a student loan with them with no issues. Over the past two years the customer service just gets worse and worse. I totally understand why so many of my favorite employees there have moved on. The current employees are rude and get agitated anytime you ask a basic question. I should NOT have to wait for tellers to put down their cell phone before helping me. Even the corporate call center acts like it's some sort of act of God to answer a simple question. This bank has grown very quickly, and they are so focused on acquiring smaller banking chains that they have completely forgotten who built them. They have gone the way of other massive financial institutions in this country- they don't care about customers, they care about becoming larger than life and making more cash.
I love Old National Bank. It has a very homey feel. When you arrive there are chairs to sit in while you do your banking business with your teller. No standing at a window. They have coffee and doughnuts to welcome you. You are treated as a person and not a number. I use the online banking several times a week. As well as the bill pay option. I find it very easy to use and have never had any problems whatsoever.
|FDIC Certificate #||3832|
|Return on Assets - YTD||1.1%|
|Return on Equity - YTD||8.66%|
|Annual Interest Income||$399.1MM|
|Assets and Liabilities|
|Assets||Q4 2015vs Q4 2014||$11.85B$11.50B|
|Loans||Q4 2015vs Q4 2014||$6.91B$6.48B|
|Deposits||Q4 2015vs Q4 2014||$8.46B$8.67B|
|Equity Capital||Q4 2015vs Q4 2014||$1.55B$1.40B|
|Loan Loss Allowance||Q4 2015vs Q4 2014||$52.2MM$47.8MM|
|Unbacked Noncurrent Loans||Q4 2015vs Q4 2014||$115.4MM$108.9MM|
|Real Estate Owned||Q4 2015vs Q4 2014||$5.0MM$3.6MM|
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