EVANSVILLE, Ind., May 2 /PRNewswire-FirstCall/ -- Old National Bancorp
(NYSE: ONB) announced today, that as of Sunday, May 1, 2005, it officially
acquired J.W.F. Insurance Companies, Inc., which does business as the
J.W. Flynn Company, and J.W.F. Specialty Company, Inc., a related alternative
risk services company.
Headquartered in Indianapolis, the J.W.F. Insurance Companies are one of
the largest risk management, insurance brokerage and third-party
administrators in the central Indiana marketplace. The acquisition places Old
National as one of the largest insurance brokerage operations throughout
Indiana.
The acquisition will boast ONB Insurance's annual revenue to
approximately $43 million.
With $8.8 billion in assets, Old National Bancorp is the largest financial
services holding company headquartered in Indiana and ranks among the top 100
banking companies in the United States. Since its founding in Evansville in
1834, Old National has focused on community banking by building long-term,
highly valued relationships with clients. Throughout the years, the company
has expanded across its home state and into Illinois, Kentucky, Ohio and
Tennessee. Focused on exceeding client expectations, the Old National team of
financial professionals provides a broad range of services including retail
and commercial banking, wealth management, insurance, and brokerage. For
more information and financial trend data, please visit the company's
website at http://www.oldnational.com .
Forward-Looking Statement
This press release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Forward-
looking statements include expressions such as "expects," "intends,"
"believes," and "should," which are statements of belief as to the expected
outcomes of future events. Actual results could materially differ from those
contained in or implied by such statements. A discussion of factors that could
cause actual results to differ materially from those expressed in the forward-
looking statements is included in Old National's filings with the Securities
and Exchange Commission. Old National undertakes no obligation to
release revisions to these forward-looking statements or reflect events
or conditions after the date of this release.
SOURCE Old National Bancorp
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Related links:
http://www.oldnational.com
CONTACT:
James M. Parsons of ONB Insurance Group,
+1-812-468-0348, or Kathy Schoettlin of ONB Public Relations,
+1-812-465-7269
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