Old National Bank is expanding its foothold in northern Indiana and southwestern Michigan and acquiring several new branches.
On Tuesday, Jan. 9 Old National Bancorp announced its subsidiary was set to purchase 24 Bank of America branches in the Michiana area including those in South Bend and Elkhart in Indiana, and Adrian, Battle Creek, Benton Harbor, Blissfield, Brooklyn, Jackson, Constantine, Kalamazoo, Paw Paw, Niles, Portage, and St. Joseph in Michigan.
"This acquisition allows us to accelerate our growth market expansion strategy and strengthens our commitment to our current clients in the Michiana area," said Old National Bancorp's
President and CEO Bob Jones.
By purchasing the additional 24 branches, Old National Bank is the largest financial services holding company with headquarters in the state of Indiana, with more than 200 banking centers.