Old National and CapStar Financial Holdings entered into a definitive merger agreement for Old National to acquire CapStar in an all-stock transaction.
Old National Bank celebrated the opening of its first Metro Detroit-area commercial banking office in June with a launch event. The event introduced the Metro Detroit team, as well as the ONB executive leadership team, to clients attending from in and outside of Detroit.
Horizon Technology Finance provided a $20 million venture loan facility to Viken Detection, of which $10 million was initially funded.
Old National Bank named Rafael A. Sanchez executive vice president and chief impact officer. Sanchez will develop and lead corporate initiatives and partnerships that focus on the financial advancement of underrepresented communities.
Old National Bancorp and First Midwest Bancorp completed their all-stock merger of equals, which was first reported in June of 2021. The combined company will have more than $46 billion of combined assets and $34 billion of assets under management.
The Federal Reserve approved the merger of equals transaction between Old National Bancorp and First Midwest Bancorp, following the approval the companies received last year from the Office of the Comptroller of the Currency and stockholders of both companies.
Old National Bancorp and First Midwest Bancorp entered into a definitive merger agreement to combine in an all-stock merger of equals transaction with a total market value of $6.5 billion to create a bank with $45 billion in combined assets.
Reggie Hedgebeth joined Capital Group as chief legal officer, replacing Jim Ryan, who is retiring after 27 years with the firm. Hedgebeth most recently served as executive vice president, general counsel and chief administrative officer for Marathon Oil Corporation.