As part of the deal, which was initially announced in January, the acquirer assumes nearly $575m in deposits and $5m in loans, based on 9 July 2013 balances.
The branches are situated in the Northern Indiana cities of South Bend and Elkhart, and the Southwestern Michigan communities of Adrian, Battle Creek, Benton Harbor, Blissfield, Brooklyn, Constantine, Jackson, Kalamazoo, Niles, Paw Paw, Portage and St Joseph.
Old National president and CEO Bob Jones said that the deal enables the bank to expedite its market expansion strategy and boosts its commitment to current clients with an enhanced network of banking centers.
Established in 1834 and headquartered in Indiana, Old National Bancorp with $9.7bn in assets operates as the parent company of Old National Bank.
The bank offers retail and commercial banking, wealth management, investments and brokerage to customers in of Indiana, Illinois and Kentucky.
