Old National Bank Expands Community Impact Through CRA-focused Initiatives, home-buying support
Old National Bank demonstrated a strong commitment to community development in 2025 through significant investments aligned with the Community Reinvestment Act (CRA), a landmark federal law designed to ensure banks meet the credit needs of all communities, particularly low- and moderate-income (LMI) neighborhoods.
Enacted in 1977, the CRA requires regulators to evaluate how effectively institutions serve these communities and incorporate those findings into decisions on mergers, expansions, and new services.
“The statute remains as important today as it was in 1977 when Congress first enacted the statute,” said Michelle W. Bowman, a member of the Board of Governors of the Federal Reserve System since 2018. “Banks should serve the credit needs of their communities, especially minority and low- and moderate-income communities.”
Supporting financial inclusion
Old National’s efforts reflect the broader role banks play under CRA guidelines, which encourage lending, investments, and services that promote affordable housing, economic development, and financial inclusion.
The CRA exists to “encourage financial institutions to help meet the credit needs of the communities in which they do business,” according to the Federal Reserve, reinforcing its importance in addressing historic inequities in access to capital.
Measurable Impact in 2025
Old National’s 2025 results highlight a targeted and sustained approach to community reinvestment throughout its nine-state footprint:
- $721 million in CRA-eligible community development loans supporting affordable housing, small business growth, and community services
- 98% of Old National Bank Foundation grants directed toward CRA-eligible initiatives
- 72% of grants specifically benefiting underrepresented populations and LMI neighborhood revitalization
- $1.6 million in Affordable Housing Program (AHP) grants through the Federal Home Loan Bank
- $13.6 million in total grants and sponsorships benefiting nearly 2,100 nonprofit organizations
- $25,000 in Community Multiplier grants through the Federal Home Loan Bank of Indianapolis, helping generate $250,000 for nonprofits
These figures underscore how CRA-aligned activities translate into tangible community outcomes, from housing affordability to expanded nonprofit capacity.
Beyond the financial metrics, Old National has also embedded CRA priorities into long-term planning. In 2025, the bank expanded its multi-year Community Growth Plan to $11.1 billion, increasing commitments to mortgage lending, small business financing, and community development investments in underserved regions.
ITINs and down payment assistance
Old National Bank supports clients using Individual Taxpayer Identification Numbers (ITINs) by offering mortgage solutions designed to expand access to homeownership for those without a Social Security number.
The bank also helps eligible borrowers explore Down Payment Assistance programs, which can reduce upfront costs through grants or forgivable loans. Together, these options help make purchasing a home more attainable and affordable, aligning with Old National’s commitment to inclusive lending and personalized guidance for diverse communities.
Supporting an expanding CRA landscape
Old National’s initiatives are part of a nationwide framework that channels billions of dollars annually into underserved communities.
CRA-driven activities include mortgage lending, small business loans, and investments in affordable housing projects, which are all critical tools for revitalizing neighborhoods and stimulating economic growth.
In the communities our team members live and work in, Old National spotlights how targeted investments and partnerships can deliver meaningful progress. For more information click here to see our 2025 Community Action Report.
To connect with an Old National mortgage expert, click here.
Jamie Hermann is a Mortgage Sales Manager for Old National Bank
