Old National Bank buying local Bank of America branches - Fox 28: South Bend, Elkhart IN News, Weather, Sports

Old National Bank buying local Bank of America branches

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Bank of America customers in Michiana may notice some changes at their local branch later this year.

Old National Bank announced Wednesday that it will be acquiring 24 Bank of America branches in northern Indiana and southwest Michigan. The deal includes $778.8 million in deposits and $7.7 million in loan balances.

According to a release, Old National says the deal would double the number of their branches in northern Indiana and mark their first entry into Michigan. Old National entered the northern Indiana market when it acquired St. Joseph Capital Corporation in 2007.

The deal is still subject to approval by the Office of the Comptroller of the Currency. Old National says they expect to close the deal in the 3rd quarter of this year.

Old National says no job losses are expected.


Bank of America branch locations included in deal:

Indiana
Elkhart - 320 N Main St
South Bend - 1404 E Ireland Rd
South Bend - 130 S Main St
South Bend - 17330 State Rd 23

Michigan
Adrian - 1380 S Main St
Battle Creek - 6030 B Dr N
Battle Creek - 25 Capital Ave SW
Battle Creek - 140 Columbia Ave W
Benton Harbor - 1803 M-139 S
Blissfield - 520 W Adrian St
Brooklyn - 131 S Main St
Constantine - 1055 S Washington St
Jackson - 215 S Jackson St
Jackson - 1650 W Michigan Ave
Kalamazoo - 220 N Drake Rd
Kalamazoo - 5810 Gull Rd
Kalamazoo - 318 W Michigan
Kalamazoo - 3201 Portgage Rd
Kalamazoo - 6338 Stadium Dr
Niles - 1903 S 11th St
Paw Paw - 118 N Kalamazoo St
Portage - 4431 W Centre Ave
Portage - 6660 S Westnedge Ave
Saint Joseph - 3125 Cleveland

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