Old National Merges with First Midwest

old-national-2

The merger of Evansville-based Old National Bank with First Midwest Bank of Chicago has received final approval.

Old National says the $6.5 million deal will be finalized by March 1st.

Together, the banks will have 45 billion dollars in combined assets, making it one of the largest banks in the Midwest.

The institution, which will operate under the Old National Bank brand, will continue to have headquarters in Evansville and Chicago.