Old National Bancorp (ONB) Misses Q2 EPS by 7c

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Old National Bancorp (ONB) to Acquire Founders Financial in Stock, Cash Deal

July 28, 2014 9:20 AM EDT

Old National Bancorp (NASDAQ: ONB) and Grand Rapids-based Founders Financial Corporation ("Founders"), jointly announced the execution of a definitive agreement under which Old National will acquire Founders through a stock and cash merger.

With nearly $466 million in total assets, $355 million in loans, and $378 million in deposits as of June 30, 2014, Founders is a bank holding company with Founders Bank & Trust as its wholly-owned subsidiary. Founded in 1991, and boasting 78 consecutive profitable quarters, Founders Bank & Trust operates four full-service banking centers in economically vibrant Kent County, home to Grand Rapids and several of Michigan's largest employers... More