Old National Bank Earns Outstanding CRA Rating, Extends $2.4B in Loans
Old National Bank received an “Outstanding” overall CRA rating, an accolade achieved by fewer than 10% of U.S. banks in the OCC’s latest evaluation. It provided nearly $2.4B in CRA-eligible community development loans from 2022–2024 and earned top lending and investment test scores across five MMSAs.
1. CRA Evaluation Results
Old National Bank achieved an “Outstanding” overall rating under the Community Reinvestment Act, an honor awarded to fewer than 10% of U.S. banks. The OCC assessed lending, investment and service activities from 2022 to 2024, recognizing ONB’s comprehensive community-focused efforts.
2. Community Development Lending
During the evaluation period, the bank extended nearly $2.4 billion in CRA-eligible loans supporting affordable housing, economic development and community services in low- and moderate-income areas. Three of the five Multistate Metropolitan Statistical Areas and the State of Indiana received Outstanding marks on the Lending Test.
3. Investment and Services Tests
ONB earned Outstanding ratings on the Investment Test across all five MMSAs and five states, reflecting robust community development investments. The Services Test returned a High Satisfactory rating, with accessible delivery systems and notable leadership in community service programs.
4. Volunteerism and Community Impact
Bank employees contributed over 20,000 volunteer hours across ten states, engaging in financial education, technical assistance and board service. Proprietary financial literacy initiatives and partnerships with nonprofits further underscored ONB’s commitment to local economic empowerment.