Old National Bancorp : ESG Report (car 2024)
ONB
Published on 05/05/2025 at 22:03
COMMUNITY ACTION REPORT
OLD NATIONAL BANCORP
C O N T E N T S
4 INTRODUCTION
Our Mission, Vision, and Values
Old National by the Numbers
Corporate Responsibility at a Glance
Old National By the Numbers
Our Partnership with Bremer Bank
10 CLIENT S AT THE CENTER
Pillars of Client Success
A Team-Based Approach to Service
1834 | Treasury Management
SBA Loans | Providing Transparency
Empowerment Small Business Loan Program
16 STRENG THENING OUR COMMUNITIES
How the ONB Foundation Serves Communities
Louisville Walk to Remember | Pay It Forward Campaign
Better Together Volunteer Days
Volunteer of the Year
Community Growth Plan
ONB Community Equity
Community Development | CRA
Financial Education
Sustainability and Social Responsibility
30 TEAM MEMBER ENGAGEMENT
Strength and Stability Starts with Our Team Members
Learning and Leadership Development
Culture Focus | Internship Development
ONe Wish and Achieve Your Degree Programs
A Focus on Mental Health
Impact Networks | ACE Teams
CEO Council
41 CORPORATE GOVERNANCE
Leadership and Governance
Board of Directors and Management Structure
Risk Management | Succession Planning
Internal Audit
Cybersecurity
48 SA SB REPOR T
Key Metrics Table
ON THE COVER
Paige Brewington, an Old National relationship banker in St. Paul, Minn., is seen here during our two-day Better Together Days volunteer blitz in September 2024 (see page 20 for more on Better Together Days).
Celebrating 190 years of strength and service
In 1834, more than a decade before Evansville, Ind., was granted its city charter, the community's first bank opened on the shore of the Ohio River. Initially part of the State Bank of Indiana, this single-room structure provided the capital and security needed to support a burgeoning river community. The few original employees of what would later become Old National Bank were every bit as invested in, and excited about, this growing community as the families and entrepreneurs they served.
You might be surprised to find that several things about this 190-year-old snapshot of Old National have not changed.
For one, our Evansville headquarters is at the same address where those first bankers welcomed their clients. And much more importantly, Old National is still proudly providing the capital and security our clients need to succeed while also passionately working to strengthen the communities that they-and we-call home.
Old National Chairman & CEO Jim Ryan (front right) is joined by Chief Communications, Culture & Social Responsibility Officer Kathy Schoettlin (center), and Ron Harvey, Community Development Manager, at a Better Together Days volunteer event last fall in Nashville.
Of course, plenty has changed over the decades. Today, our 4,000+ team members strive to exceed the expectations of clients throughout the Midwest and parts of the Southeast (see page 8) while at the same time helping to execute a multi-billion Community Growth Plan (see page 23) created
to support historically underserved and economically disadvantaged families and individuals. Our team members also love rolling up their sleeves and making a difference in their communities, as evidenced by the more than 67,000 collective volunteer hours logged in 2024 alone.
When you add it all up, you find a thriving regional bank with the approach and mindset of a smaller community bank. You'll also discover a commitment to community that led the prestigious Points of Light Foundation to name Old National one of the 50 most civic-minded companies in the U.S. for 2024.
Ultimately, our mission is to "invest our time, heart, and expertise so that our clients and communities thrive." We're proud that this was as true in 2024 as it was 190 years ago, and our hope is that this Community Action Report succeeds in illustrating this commitment.
Sincerely,
Jim Ryan
CHAIRMAN & CE O
Daniel Hermann
LEAD INDEPENDENT DIRE CTOR
| 3
This 2024 Community Action Report covers a number of topics, including governance and ethics; client service; team member growth and development; community engagement; and sustainability. When viewed together, these topics form the pillars of Old National's corporate social responsibility strategy as a regional bank and help define our Better Together culture. At the center
of this culture and strategy is the belief that Old National is only as strong as the communities we serve.
Community activity elements are integrated and embedded within the policies, procedures, and principles that govern Old National and help define
our culture. This includes employing robust governance and audit systems, along with strong, enterprise-wide risk management systems and controls; serving our clients exceptionally well and with full transparency; investing in the growth and development of our
About our 2024 SASB Index
We have included Old National's annual Sustainability Accounting Standards Board (SASB) Index within the electronic version of this Community Action Report. Specifically, our 2024 SASB Index begins on page 49 of this document.
SASB standards help identify issues that might impact financial performance and enterprise value for companies in 77 industries, including the financial industry. Old National's 2024 SASB Index defines our approach to following these important standards.
team members; and cultivating an inclusive work environment.
We do all of this while working daily to strengthen and support the communities in which we live and work. And we rely on oversight and guidance from a strong, independent corporate Board of Directors to help us achieve these goals.
All data in this report is as of December 31, 2024, unless otherwise noted. The contents have also been informed by other reporting standards and guidance, such as
the Sustainability Accounting Standards Board (SASB). For Old National's financial information, please visit the Investor Relations section at oldnational.com.
As used in this report, references to "Old National,"
"the Company," "we," "our," "us," and similar terms refer to the consolidated entity consisting of Old National Bancorp and its wholly owned subsidiaries. Old National Bancorp refers solely to the parent holding company, and Old National Bank refers to Old National Bancorp's bank subsidiary.
COMMITTED TO STRONG CORPORATE GOVERNANCE AND ETHICS
Newsweek's America's Most Trustworthy Companies designation.
Institutional Shareholder Services score of 4 (governance) with third-party validation.
Rated a 5-Star (outstanding) institution by Bauer Financial
(Based on December 31, 2024 financial data).
O
F
L
I
G
H
T
P
O
I
N
T
S
Named among America's Best Midsize Employers by Forbes.
COMMITTED TO INCLUSION
Military Friendly Employer: Recognizes efforts to recruit and retain military veterans.
Civic 50 Award: Presented by Points of Light, honoring the 50 most community-minded companies in the United States.
Forbes Most Trusted Companies in America Award: Recognizes the top 300 most trusted companies in a data review of employee trust, customer trust, investor trust, and media sentiment.
National Organization on Disability: Recognizes organizations that lead the way in disability inclusion, and tap into the benefits of hiring talented individuals with disabilities.
Disability Equality Index: One of the most comprehensive benchmarking tools for disability inclusion.
RECOGNIZED FOR COMMUNITY ENGAGEMENT
Previous multiple-time winner of the American Bankers Association Community Commitment Award, which recognizes unique and effective ways to serve at-risk clients and communities.
Previous winner of the Corporate Engagement Award of Excellence: Named for President George H.W. Bush, this award recognizes institutions that model integrity, empathy, respect, optimism,
and conviction.
| 5
Disclaimer
Old National Bancorp published this content on May 05, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 06, 2025 at 01:53 UTC.