Old National Bancorp Reinforces Community Commitment with Recent Dividend Declarations
Old National Bancorp, the esteemed parent of Old National Bank, has recently publicized a quarterly cash dividend declaration by its Board of Directors. The enterprise has set a dividend of $0.14 per share on its common stock, with a scheduled payment date of December 15, 2023, for shareholders recorded as of December 1, 2023. Additionally, a significant quarterly cash dividend of $17.50 per share on the institution’s 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and Series C, is slated for disbursement on February 20, 2024, to shareholders listed as of February 5, 2024.
The corporation, with roots stretching back to 1834, stands as the sixth-largest commercial bank with headquarters in the Midwest. Boasting approximately $49 billion in assets and $28 billion in assets under management, the business ranks among the top 30 banking institutions based in the United States. Its unwavering commitment to community banking is manifested through the establishment of long-term, highly valued partnerships with clients and the communities it serves.
Beyond traditional retail and commercial banking, Old National extends its services to include comprehensive wealth management, investment and capital market services. These offerings underscore the firm’s dedication to satisfying the diverse needs of its clientele and reinforcing its longstanding community presence. Earlier this year, on August 16, 2023, the enterprise echoed this sentiment with a similar proclamation regarding a quarterly cash dividend of $0.14 per share on its common stock, which was disbursed on September 15, 2023, to shareholders of record as of September 1, 2023. The consistency in declaring dividends mirrors the firm’s steady approach to managing its financial affairs.
The organization’s focus on community banking underscores the significance of personal relationships and local decision-making. The bank’s methodology is deeply rooted in understanding the unique needs of the communities it operates within and providing tailored solutions to its clients. This philosophy has been a cornerstone of the corporation’s operations since its inception and continues to steer its strategic direction.
Old National Bancorp’s recent dividend declarations highlight its allegiance to its shareholders and its focus on community banking. The company’s extensive history and broad service offerings demonstrate its commitment to fostering robust client relationships and supporting the economic well-being of the communities it serves. The corporation’s approach reflects a profound understanding of the importance of financial stability and personal service in the banking industry, maintaining a tradition of trust and reliability that has spanned nearly two centuries.
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