Indiana based Old National returns $100M from bailout

By: The Associated Press
By: The Associated Press

Evansville-based Old National Bancorp. has returned the $100 million in bailout money it received from the federal government in December.

Old National officials said Tuesday that they decided to return the Troubled Asset Relief Program money after a "rigorous stress test" involving an outside firm of its balance sheet and earnings.

The bank says the move had been approved by the U.S. Treasury Department.

Old National Bancorp is the largest Indiana-based financial services holding company and primarily does business in Indiana, Illinois and Kentucky.

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