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Why Old National

United Bank & Trust

Old National announces planned partnership

On January 8, 2014, Old National Bancorp announced an agreement to acquire United Bancorp, Inc., the holding company for United Bank & Trust headquartered in Ann Arbor, Michigan. This partnership will involve 18 United Bank & Trust offices in Lenawee, Livingston, Monroe and Washtenaw counties, and it will introduce Old National to the Ann Arbor community.

The leadership teams at Old National and United Bank are excited about this partnership which will bring together two banks recognized for exceptional client service and a strong community focus. In celebration, Old National and United announced their intention to collectively donate an additional $20,000 to United Way organizations throughout United’s markets.

In addition, it will result in a greatly enhanced suite of products and services for the clients of both banks, including expanded personal and business banking and wealth management services. Clients will also benefit from a larger network of ATMs and more than 160 banking centers in Michigan, Indiana, Southern Illinois, Western Kentucky and Louisville.

We anticipate that the United branches will open as Old National banking centers in late summer of 2014.1 At this time, United clients will not experience any changes in their banking relationship and should continue banking as normal - using existing accounts, online services, ATMs and banking centers. Both United and Old National will work closely to ensure that the transition will be as seamless as possible, with our collective commitment to the same high-quality of service United clients have come to expect. 

To learn more

Read the news release announcing this partnership

 

1. The acquisition of United Bancorp, Inc./United Bank & Trust is pending and is subject to the approval from applicable regulatory authorities and the shareholders of United as well as the satisfaction of customary closing conditions.