Old National CEO Details $6.5B Acquisition Deal
Evansville-based Old National Bancorp has announced it is acquiring Chicago-based First Midwest Bank in an all-stock transitionΒ ...
President & Chief Operating Officer, Old National Bancorp
Search every verified Mark Sander interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Mark Sander, President and Chief Operating Officer at Old National Bancorp, was involved in the bank's 2021 announcement of a $6.5 billion all-stock acquisition of First Midwest Bancorp. The deal was described as creating the sixth-largest bank in the Midwest with $45 billion in assets. Sander stated that the merger would strengthen the bank's footprint, particularly by adding the Chicago market, and would allow the combined company to invest more in talent and technology. He noted that the Old National name would remain and that the combined bank would be headquartered in Evansville, Indiana. In a 2016 Rotary Club interview, Sander discussed his personal background, including being born in London and moving to the United States as a child. He spoke about his career path, which included work as an options trader in San Francisco and Chicago, and his eventual move into the mortgage industry. Sander also described his involvement with Rotary, saying he valued the fellowship and friendships he had made through the club, and noted that his grandfather had been a Rotarian in Seattle.
“This merger would create the sixth-largest bank in the Midwest with $45 billion in assets, combining Old National Bancorp and First Midwest Bancorp in an all-stock deal valued at $6.5 billion.”
“We are 100 percent committed to Evansville and Indiana, and this merger means good things for the region and the broader state, allowing us to serve a larger client base and invest more in talent and technology.”
“The Old National name will remain the brand used, and I will continue as CEO of the combined bank, which will be headquartered in Evansville.”
“Adding the Chicago market, one of the strongest in the country with phenomenal GDP and household wealth, significantly strengthens our footprint and fills a major gap in our regional presence.”
Evansville-based Old National Bancorp has announced it is acquiring Chicago-based First Midwest Bank in an all-stock transitionΒ ...
President Marty Wickenheiser, Rotary Club of Novato, interviews Rotarian Mark Sander.
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