Old National Bank Launches in Metro Detroit Market

Presents $5,000 check to local Big Brothers Big Sisters

DETROIT, June 29, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bank celebrated the opening of its first Metro Detroit-area commercial banking office in June with a launch event at the Detroit Athletic Center. The event introduced the Metro Detroit team, as well as the ONB executive leadership team, to clients attending from in and outside of Detroit.

“The team, many long-time friends, is tremendous and the response from the community has been fantastic,” said Metro Detroit Market President Rick Hampson. “We’re here, and we’re here to stay. Our plan is to build something really great."

Metro Detroit joins other major Old National markets in Michigan, including Ann Arbor, Grand Rapids and Kalamazoo.

“As a Midwestern bank with roots dating back to 1834, Old National is known for building long-term, highly personalized relationships with our clients while also strongly investing in the communities we serve,” said CEO Jim Ryan. “We are incredibly excited about the growth and vitality that are driving Metro Detroit forward today, and we look forward to being active, dedicated partners in that progress.”

The Metro Detroit team is headquartered in Troy at the Liberty Center. Spanning 11 counties, the Metro Detroit area is home to more than 1,500 companies with $50-500 million in revenue, 10 of which are Fortune 500 companies. Specialty banking offerings out of the Metro Detroit office will include commercial real estate and project management, employee stock ownership plans and asset-based lending, and senior retirement housing and healthcare expertise.

Old National’s Metro Detroit Market President Rick Hampson will report to George Bailey, the company’s Michigan state executive.

“What excites me most about this expansion is that we have the right team and relationships in place to serve this important market,” Bailey said. “This builds upon the great work we are doing with our clients throughout Michigan, and the move into Metro Detroit represents a natural growth progression for the bank.”

The Old National Metro Detroit team is comprised of:

Rick Hampson, Metro Detroit Market President – Joined ONB in 2023 with 27+ years of commercial banking experience in large corporate syndicated banking and middle market banking. His investment experience includes fundraising, capital markets, and private equity investment as well as investment banking and managing M&A advisory efforts. He has an MBA from Columbia University and is a current Board Member for Gleaners Community Food Bank, Big Brothers Big Sisters, and the Detroit Regional Chamber.