EVANSVILLE, Ind., June 21, 2006 (PRIMEZONE) -- Old National Bancorp (NYSE:ONB) announced the appointment of Harold "Slug" Clemmons to Senior Vice President, Mergers and Acquisitions. In his new role, Clemmons will lead and direct the company's merger and acquisition activities.
President and CEO Bob Jones stated, "The appointment of Slug in this new position is an important step in positioning Old National for future growth. Having a dedicated associate to develop relationships with potential acquisition candidates and investment banking partners, while analyzing the financial and strategic implications of the transaction, is critical to a successful acquisition strategy."
Clemmons began his career at Old National in 2002 and has served as Senior Vice President, Retirement Products and Services and Senior Vice President, Operations and Support Manager. Prior to joining Old National, Clemmons spent 22 years as a consultant with a number of national human resource and employee benefit consulting firms, including Ernst and Young and Towers, Perrin. He also served as president of his own consulting firm, Qualified Plan Administrative Consultants.
Clemmons holds a Bachelor of Science degree in Mathematics from the Georgia Institute of Technology and is an Associate in the Society of Actuaries.
With $8.2 billion in assets, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and ranks among the top 100 banking companies in the United States. Since its founding in Evansville in 1834, Old National has focused on community banking by building long-term, highly valued relationships with clients in its primary footprint of Indiana, Illinois and Kentucky. Focused on exceeding client expectations, the Old National team of financial professionals provides a broad range of services including retail and commercial banking, wealth management, insurance, and brokerage. For more information and financial trend data, please visit the company's website at www.oldnational.com.