Indiana-based Old National Bancorp and Chicago-based First Midwest Bancorp Inc., both with locations in Madison, announced that their “merger of equals” transaction announced in June of last year has received Federal Reserve approval. The merger is expected to close on or before March 1, 2022, and is expected to create one of the largest banks headquartered in the Midwest with over $45 billion in combined assets.
Old National, First Midwest Bancorp merger approved
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