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.”
“The commercial lending segment will benefit greatly from this combination, as First Midwest has niche businesses in that space which we can leverage across our entire footprint.”
“Together, we will have one of the seventh largest wealth management platforms with $30 billion of assets under management, enhancing the wealth management experience for all clients.”
“Our goal is to ensure Old National Bancorp is around for another 187 years, building on our long history and continuing to grow and serve our communities.”
“The merger allows us to reinvest back into our communities and deliver better experiences through investments in technology and talent.”
“We are excited about the momentum in Southwest Indiana, including the massive expansion at Toyota, which is a key part of Indiana's success story.”
“What keeps me engaged about Rotary is the fellowship of the membership. I very much enjoyed the projects we get involved in but most particularly I enjoy the friendships I've made within the club.”
“I've had great support from the club certainly in times when both our girls have been born the past three years. With no family in the area Rotary's become my family and it's been very nice to have that as a part of my life.”
“Otto is our oldest β he's five, he's a Saint Bernard; he currently weighs 185 pounds and is a little overweight because he has Addison's disease.”
“I was born in London; my family lived in Scotland and London. We moved to Seattle when I was three, then Santa Barbara for high school and college at UCLA.”
“The most difficult decision I've made was to move to Chicago from San Francisco. I was an options trader on a trading floor, was laid off after 9/11, moved to Chicago to trade on the Chicago Board of Trade, was laid off again and ended up back in California β still the right decision even though it didn't work out long...”
“I've known about Rotary pretty much my whole life; my grandfather was a member of the Rotary Club in Seattle. He was an avid Rotarian and always made a point of going to Rotary clubs wherever he went around the world.”
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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