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Old National Earnings Up In 2nd Quarter

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Old National Bank is reporting record earnings. 

Evansville-based Old National says in an email that it earned $63 million in the second quarter, an increase of more 43% from same quarter of 2018.

CEO Jim Ryan said loan prepayments and planned exits played a role in the overall balance sheet growth.

But he also said activity levels were robust as the bank successfully converted KleinBank-Minnesota branches to Old National during the quarter.

Included in the report were pre-tax charges of $3.2 million for merger and integration activity.

Ryan said Old National remains on a “high-performance path.”

He succeeded former CEO Bob Jones who retired in May after 14 years with Old National.

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