First Midwest BankFirst Midwest Bank logoArrow DownIcon of an arrow pointing downwardsArrow LeftIcon of an arrow pointing to the leftArrow RightIcon of an arrow pointing to the rightArrow UpIcon of an arrow pointing upwardsBank IconIcon of a bank buildingCheck IconIcon of a bank checkCheckmark IconIcon of a checkmarkCredit-Card IconIcon of a credit-cardFunds IconIcon of hands holding a bag of moneyAlert IconIcon of an exclaimation markIdea IconIcon of a bright light bulbKey IconIcon of a keyLock IconIcon of a padlockMail IconIcon of an envelopeMobile Banking IconIcon of a mobile phone with a dollar sign in a speech bubbleMoney in Home IconIcon of a dollar sign inside of a housePhone IconIcon of a phone handsetPlanning IconIcon of a compassReload IconIcon of two arrows pointing head to tail in a circleSearch IconIcon of a magnifying glassFacebook IconIcon of the Facebook logoLinkedIn IconIcon of the LinkedIn LogoXX Symbol, typically used to close a menu
FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Suggested Search Terms

    Suggested Search Terms

      AdobeStock_182174885.jpeg
      Get Insights

      Get monthly ideas delivered right to your inbox.

      Subscribe for Insights

      For Your Business April 3, 2026

      How the Old National Bank Foundation Funds Economic Development

      Old National has always focused on strengthening and supporting the communities we serve. In 2025, we invested over $4.2 million in our communities via grants to 275 organizations, many in the economic development category.

      “In 2025, the Old National Bank Foundation focused on what it takes to create lasting change,” said Old National Bank Foundation President Joe Kiser. “This includes stable housing, access to economic opportunity and the tools people need to build financial security. By investing alongside trusted community partners, we’re helping move families and neighborhoods from resilience to real, long‑term progress.”

      In 2025, 98% of all ONB Foundation grant funding supported CRA-eligible initiatives, and 72% of grants served underrepresented communities.

      Here are just a handful of economic development initiatives funded in 2025 through our foundation:

      P30 INC – Anderson, Indiana

      “Blueprint to Become Bank Ready” supports entrepreneurs considered “non‑bankable” with targeted coaching, regular office hours, peer networking, and credit‑building tools. Participants strengthen business plans, improve credit profiles, and navigate toward bankability and responsible capital. By linking financial readiness with community mentorship, the program expands access to opportunity and fuels small‑business growth in disinvested corridors.

      SCORE Chicago – Chicago, Illinois

      The annual SCORE pitch competition for minority‑owned businesses combines education, mentorship, and access to capital to strengthen minority‑owned small businesses. By lowering barriers to capital readiness and elevating underrepresented entrepreneurs, the program advances economic inclusion.

      Business Ownership Initiative of Indiana – Indianapolis, Indiana

      Through a Community Development Financial Institutions (CDFI) model, this program combines microloans with bilingual training and technical assistance to support low‑to-moderate income entrepreneurs at multiple stages. Clients receive coaching on cash flow, marketing, and compliance, paired with flexible capital that meets them where they are. This integrated approach drives inclusive entrepreneurship, job creation, and local wealth retention.

      Latino Economic Development Center – Minneapolis, Minnesota

      LEDC expands curriculum and technical assistance for Latino entrepreneurs statewide while connecting clients to affordable capital through a Latino‑led CDFI. Founders receive culturally responsive training, coaching, and access to networks that help formalize businesses and scale sustainably. By pairing capacity‑building with clear financing pathways, the initiative grows community wealth and strengthens Minnesota’s small‑business ecosystem.

      New Covenant Community Development – Chicago, Illinois

      Serving entrepreneurs in North Lawndale, New Covenant provides hands‑on business development assistance to residents in a community with high commercial vacancy and limited access to capital. Supporting small businesses at multiple stages of growth contributes to job creation, local wealth retention, and revitalization of disinvested corridors.

      Funding community organizations that move the needle

      The Old National Bank Foundation makes contributions to nonprofit organizations to fund widespread community impact programs and/or projects. The foundation is part of Old National’s overall charitable giving initiative, which enables us to support programs that improve quality of life in areas of:

      • Illinois
      • Indiana
      • Iowa
      • Kentucky
      • Michigan
      • Minnesota
      • North Carolina
      • North Dakota
      • Tennessee
      • Wisconsin

      Old National believes in supporting communities where our clients, team members and shareholders live and work.

      Each year, the Old National Bank Foundation endeavors to fund as many initiatives that meet our funding priorities as possible across our footprint. Due to the volume of applications received, each is evaluated on a competitive basis as we strive to fund programs with strong impact and measurable outcomes.

      For more information on grants or the Old National Bank Foundation click here.

      Subscribe for Insights

      Subscribe