Old National Bank Earns ‘Outstanding’ Rating under the Community Reinvestment Act

Rhea-AI Summary

Old National Bank (NASDAQ: ONB) received an Outstanding overall rating under the Community Reinvestment Act, reflecting strong lending, investment and community development from 2022–2024.

Highlights include nearly $2.4 billion in CRA-eligible community development loans, investment test ratings of Outstanding across five MMSAs and five states, and more than 20,000 volunteer hours across 10 states.

Positive

• $2.4 billion in CRA-eligible community development loans (2022–2024)
• Outstanding Investment Test across five MMSAs and five states
• Outstanding Lending Test in three of five MMSAs and Indiana
• 20,000+ volunteer hours across 10 states demonstrating local engagement
• $72 billion in total assets, underscoring institutional scale

Negative

• Services Test rated High Satisfactory rather than Outstanding
• Only three of five MMSAs achieved Outstanding on the Lending Test

News Market Reaction – ONB

+0.23%

+0.23% Session close to close

In the Mar 30 session, ONB gained 0.23%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement underscores regulatory validation of Old National’s community focus, with an “Outs...

Analysis

This announcement underscores regulatory validation of Old National’s community focus, with an “Outstanding” CRA rating, nearly $2.4 billion in qualifying community development loans, and more than 20,000 volunteer hours across 10 states. Recent history shows a stream of awards, leadership moves, and technology upgrades that emphasize franchise quality and client service. Investors may track how this recognition interacts with future earnings, credit trends, and capital return decisions when assessing the franchise’s long-term positioning.

Key Figures

CRA community loans: $2.4 billion Volunteer hours: 20,000+ hours States served in CRA data: 10 states +5 more

8 metrics

CRA community loans $2.4 billion CRA-eligible community development loans during 2022–2024 evaluation period

Volunteer hours 20,000+ hours Volunteerism across 10 states during CRA evaluation period

States served in CRA data 10 states Geographic span of reported volunteer and community activities

Total assets $72 billion Old National assets as cited in article

Assets under management $37 billion Old National assets under management as cited in article

CRA enactment year 1977 Year the Community Reinvestment Act was enacted

Civic 50 cohort size 50 companies Number of firms in Points of Light "The Civic 50" list in 2025

Outstanding rating incidence <10% Typical share of U.S. banks earning CRA “Outstanding” rating

Historical Context

5 past events · Latest: Mar 05 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 05	Conference appearance	Positive	-2.7%	CEO presentation at RBC Capital Markets Financial Institutions Conference.
Feb 19	Capital return update	Positive	-0.1%	Increased quarterly dividend and doubled share repurchase authorization.
Feb 10	Technology partnership	Positive	-0.6%	Axletree partnership to upgrade SWIFT architecture and achieve ISO 20022 compliance.
Feb 06	Leadership appointment	Positive	+1.3%	Appointment of Chief Revenue Enablement Officer to drive organic growth.
Jan 22	Industry award	Positive	+0.9%	Received Trust in Banking Customer Confidence Award for dispute resolution.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent positive corporate and recognition news has often seen mixed-to-negative next-day price reactions.

Recent Company History

Over the last few months, Old National has highlighted conferences, capital return and operational enhancements. On Jan 22, it received a Trust in Banking award, and on Feb 6 created a Chief Revenue Enablement Officer role, both with modestly positive price moves. A larger dividend and buyback update on Feb 19 saw a flat reaction, while a tech partnership and a conference appearance in early March drew small declines. Today’s CRA “Outstanding” rating extends the theme of reputation, community impact and infrastructure-focused announcements.

Key Terms

community reinvestment act, office of the comptroller (occ), multistate metropolitan statistical areas (mmsas), assets under management

4 terms

community reinvestment act regulatory

"it has received an “Outstanding” overall rating — the highest possible — under the Community Reinvestment Act (CRA)"

A federal law that requires banks to help meet the credit needs of the neighborhoods where they operate, especially low- and moderate-income areas. It matters to investors because regulators grade banks on this performance like a report card, and those grades can influence approvals for mergers, regulatory scrutiny, reputational risk and future lending patterns—factors that affect a bank’s growth prospects and stock value.

office of the comptroller (occ) regulatory

"Evaluated by the Office of the Comptroller (OCC), this rating considered lending"

The Office of the Comptroller of the Currency (OCC) is a U.S. federal agency that charters, regulates and supervises national banks and federal savings associations, setting rules and conducting inspections to ensure they operate safely and follow the law. For investors, the OCC matters because its oversight, enforcement actions and capital or conduct requirements affect a bank’s financial health, legal risks and profitability—similar to a building inspector whose reports can change a company’s value overnight.

multistate metropolitan statistical areas (mmsas) technical

"Three of the five Multistate Metropolitan Statistical Areas (MMSAs) assessed, and the State of Indiana"

A multistate metropolitan statistical area (mMSA) is an urban region that crosses state lines and is treated as a single economic and population unit by the national statistics agency because people commute and businesses operate across those borders. Investors care because an mMSA shows where demand for housing, retail, labor and infrastructure flows across states—like one city whose market ignores political boundaries—which affects company sales, regional real estate values and exposure to differing state rules.

assets under management financial

"With approximately $72 billion of assets and $37 billion of assets under management"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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EVANSVILLE, Ind., March 30, 2026 (GLOBE NEWSWIRE) -- Old National Bank announced today that it has received an “Outstanding” overall rating — the highest possible — under the Community Reinvestment Act (CRA), recognizing the bank’s exceptional commitment to meeting the credit, investment and community service needs of the neighborhoods it serves. In a typical review cycle, fewer than 10% of U.S. banks earn an “Outstanding” rating.

The rating reflects Old National’s long‑standing dedication to expanding access to financial resources, supporting affordable housing initiatives, and fostering economic empowerment across low‑ and moderate‑income communities throughout its footprint. Evaluated by the Office of the Comptroller (OCC), this rating considered lending, investment, and community service activities from a quantitative and qualitative perspective between 2022 and 2024.  

“This recognition affirms the work our teams do every day to partner with and uplift the communities we proudly serve,” said Old National Chairman and CEO Jim Ryan. “During the evaluation period, Old National provided nearly $2.4 billion in CRA-eligible community development loans that supported affordable housing, economic development, community services for low- and moderate-income people, and revitalization or stabilization of low-to-moderate income communities. Every dollar provided makes a positive impact on our communities.”

The CRA evaluation highlights Old National Bank’s ratings for each of the following areas:

• The Lending Test – “Outstanding”: The OCC noted Old National’s significant level of Community Development lending activities and extensive use of innovative and flexible loan products to meet credit and community development needs. Three of the five Multistate Metropolitan Statistical Areas (MMSAs) assessed, and the State of Indiana performance, were rated Outstanding.
• The Investment Test – “Outstanding”: Old National had an excellent level of Community Development investments which were responsive to community needs throughout the rating areas. All five MMSAs were rated Outstanding in addition to the states of Indiana, Michigan, Minnesota, Tennessee and Wisconsin.
• The Services Test – “High Satisfactory”: Delivery systems were deemed accessible to geographies and individuals of different income levels. Old National had good levels of Community Development services which demonstrated responsiveness to community needs, leadership, and complexity. Three of the MMSAs were rated Outstanding.
  

During the course of the evaluation, Old National provided information highlighting more than 20,000 hours of volunteerism across 10 states, reflecting active board and committee service, financial education, technical assistance, and direct engagement with community-based organizations. The activities demonstrate sustained leadership and responsiveness at the local level. Old National also highlighted proprietary financial literacy programming, and partnerships with nonprofit organizations addressing critical community needs.

“We believe that healthy communities are the foundation of a strong financial institution,” said Old National Chief Community, Culture & Social Responsibility Officer Kathy Schoettlin. “Old National is proud to play a role in driving positive change and expanding opportunities for individuals and families across our markets.”

The CRA was enacted in 1977 to ensure banks meet the credit needs of all segments of their communities. An “Outstanding” rating is reserved for institutions that go above and beyond standard regulatory expectations in their community development activities. Old National Bank continues to deepen its investments, strengthen community partnerships, and expand financial inclusion initiatives as part of its ongoing commitment to responsible, community‑focused banking.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $72 billion of assets and $37 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of "The Civic 50" -- an honor reserved for the 50 most community-minded companies in the United States.

Investor Relations:
Lynell Durchholz
(812) 464-1366
lynell.durchholz@oldnational.com

Media Relations:
Rick Vach
(904) 535-9489
rick.vach@oldnational.com

FAQ

What does an Outstanding CRA rating mean for Old National (ONB)?

An Outstanding CRA rating means the bank exceeded regulatory expectations for community lending and investments. According to Old National, the rating recognizes exceptional performance across lending, investment and community services during the 2022–2024 evaluation period.

How much did Old National (ONB) lend in CRA-eligible community development loans?

Old National provided nearly $2.4 billion in CRA-eligible community development loans between 2022 and 2024. According to Old National, those loans supported affordable housing, economic development and community services in low- and moderate-income areas.

Which CRA tests did Old National (ONB) receive Outstanding ratings on?

Old National earned Outstanding on the Lending Test and the Investment Test overall. According to Old National, the Investment Test was Outstanding across all five MMSAs and five states; Lending was Outstanding in three MMSAs and Indiana.

What aspects were not rated Outstanding for Old National (ONB)?

The Services Test received a High Satisfactory rating rather than Outstanding. According to Old National, delivery systems were accessible and services were responsive, but Services did not attain the highest overall rating.

How rare is an Outstanding CRA rating for banks like Old National (ONB)?

Fewer than 10% of U.S. banks typically earn an Outstanding CRA rating in a review cycle. According to Old National, the designation is reserved for institutions that go above and beyond standard regulatory expectations.

Where can investors find more details on Old National's CRA evaluation and community work?

Investors can review the bank's CRA highlights and related disclosures on its investor relations channels. According to Old National, additional details and financial information are available via its investor relations website.