A Q&A with Jeff Hawkins, Regional CEO of Old National Bank
In the summer of 2017, Indiana-based Old National Bank announced it would acquire Minnesota-based Anchor Bank. While changes are rolling out, we spoke with Jeff Hawkins, the regional CEO of Old National Bank, about what the acquisition means for Anchor Bank, its customers and the community.
Why is Anchor Bank becoming Old National Bank?
Anchor Bank has been proud to serve our community for 50 years as a family-owned bank, providing the financial services our customers need. The banking industry has evolved during that time, and we recently began to explore options for taking that commitment to the next level. We wanted to provide more opportunities and convenience while maintaining the same dedication to our associates and customers. We knew that if we were to join forces with another bank, that partner would need to have values that tightly align with our own — those that have driven our business over the past five decades. We found that with Old National Bank. The leaders at Old National understand, appreciate and, most importantly, share those values.
With Old National, we will have more capital, more robust products and more resources to better meet our customers’ needs.
What will change?
The most visible change will be the bank’s new name and new logo, which will launch on May 7. While we will still serve our customers out of the same locations with our same bankers, we will be part of the Old National team — a network that began in 1834 with one location in Evansville, Indiana. Today, the bank includes more than 180 banking centers in Indiana, Kentucky, Michigan, Wisconsin and now Minnesota.
For our customers, there will be an array of new options designed to best fit their individual financial needs, whether they are managing day-to-day expenses, borrowing, or investing. Our associates will work with customers to find the best fit, as well as introduce any new services they may find beneficial. For our community, there will be more local engagement as Old National. We already have established a number of volunteer efforts and sponsorships as Anchor, and we now will add the giving initiatives of Old National to those efforts. The Old National Bank Foundation awards more than $6 million in grants every year, and our own Kelly Elkin has been appointed a director on the foundation’s board.
Why is Old National the right fit for this partnership and the community?
It’s all about values. Since we announced our partnership in August, our colleagues at Old National have proven time and time again that they share — and live — their values. The company is highly regarded for ethics and advocacy and was named one of the World’s Most Ethical Companies by the prestigious Ethisphere Institute for the seventh year in a row. Old National also has been named a top disability employer, and the company strives to create an inclusive environment both in the workplace and in the community. Old National has also been named one of the Best Banks to Work For by the American Banker magazine for two consecutive years.
Change can be scary, but I believe this partnership will be a welcomed change. Our values align perfectly, and we are committed to putting our customers first as we strive to do the right thing. Working together, we’re discovering what works and what doesn’t work, and we’re developing solutions that everyone feels good about.
What does the future hold for Old National in Minnesota?
Old National is an unfamiliar name in Minnesota, but we believe that will change soon. With the combined legacies of Anchor and Old National, the commitment to the community, and the commitment to do the right thing, we will become more familiar every day.
Customers and the community will know us, and they’re going to like what we have to offer.