Old National receives top ratings from bank research firm and national magazine

Bauer Financial, a prominent independent bank rating and research firm, has just released its bank ratings based on December 31, 2008 financial data. Old National Bancorp was rated a 4-Star (or “excellent”) institution on a scale of 0 to 5.

The 4-star rating places Old National on Bauer Financial’s list of “Recommended Banks, Savings Banks & Thrifts.” It also indicates that our company is “safe, financially sound and is operating well above its regulatory capital requirements.” Read more about Bauer Financial’s bank rating system.

In addition, Old National was ranked #28 out of the top 150 banks and thrifts in the nation in the 2008 Bank Performance Scorecard by Bank Director Magazine. The ranking compares to Old National’s 106^th place ranking last year and its 128^th place ranking the year before. ONB was the highest ranked Indiana bank. The financial institutions were assessed on profitability, capital adequacy and asset quality. View the complete scorecard.

“Our rating of excellent by Bauer and being named the 28th top-performing bank in the country are indicators that Old National has become nationally recognized as a leader in our industry,” said Bob Jones, president and CEO of Old National Bancorp. “Our strength and stability for the past 175 years are the foundation of this company.”

“At a time when there is very little good news to be found in the financial world, this recognition is a tremendous reminder that our team is on the right course and well positioned for continued success as ‘Your Bank. For Life’,” he said.