Old National Bank is headquartered in Evansville and is the largest bank in the state of Indiana. It is also the 90th largest bank in the nation. It was established in 1907 and as of March of 2021, it had grown to 2,237 employees at 171 locations. Old National Bank has an A+ 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 a bank account with Old National two months ago. It is a basic everyday checking account. I have no issues with card fees or account fees, as they are fairly reasonable. My issues have mainly been with receiving my statements and setting up direct deposit. My employer requires a specific kind of letter from the bank verifying my account numbers, and even though I have visited the bank's location five times and called them on the phone several times, I have been unable to obtain the proper paperwork to set this up. As a result, I am not using this bank account as much as I had hoped, and the main reason I set it up isn't able to be fulfilled due to the bank's not having the ability to print a letter for me. I also have yet to receive any statements. When a statement is emailed to me, it simply reads that there is no statement found. The bank is unable to print me a statement at the branch, either. The customer service is very poor and I feel as though they are "shuffling" me out when I visit the bank.
Please do your research. Select a different bank to do business with. They make it VERY difficult to close an account. I closed an account that my parents had since they are both now deceased. They charged the account a fee for not maintaining a 5K balance. Not sure how you can charge an account when it has been closed!
|FDIC Certificate #||3832|
|Return on Assets - YTD||1.49%|
|Return on Equity - YTD||11.45%|
|Annual Interest Income||$159.0MM|
|Assets and Liabilities|
|Assets||Q1 2021vs Q1 2020||$23.64B$20.65B|
|Loans||Q1 2021vs Q1 2020||$13.86B$12.33B|
|Deposits||Q1 2021vs Q1 2020||$17.92B$14.33B|
|Equity Capital||Q1 2021vs Q1 2020||$3.03B$2.94B|
|Loan Loss Allowance||Q1 2021vs Q1 2020||$114.0MM$106.4MM|
|Unbacked Noncurrent Loans||Q1 2021vs Q1 2020||$128.6MM$117.2MM|
|Real Estate Owned||Q1 2021vs Q1 2020||$536.00K$746.00K|
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