Indianapolis, Ind. (March 30, 2016) – Today Indianapolis Power & Light Company (IPL) and Old National Bank announced that IPL will lease space located at One Monument Circle to Old National Bank. The space will serve as the regional office for Old National Bank which is currently located in the Parkwood Office Park near 96th Street and College. Many of the regional associates, including its key executives and commercial lending team, will move to the downtown space.
The Old National banking center currently located at 101 W. Ohio Street will relocate to the space on Monument Circle, providing clients with a dramatically different and enhanced banking experience featuring the latest technology, expanded service hours and more. Old National will continue to house associates from their credit and other support departments in the current space in the Parkwood Office Park. The move will happen in the fourth quarter of this year.
“As the largest community bank headquartered in Indiana, it is symbolic that Old National is located on Monument Circle at the Crossroads of America,” said Randy Reichmann, Regional CEO. “We look forward to continuing to serve our clients and community from the heart of Indiana’s largest city as the state celebrates the bicentennial and Old National celebrates serving Hoosiers for more than 181 years.”
“Old National Bank shares many of the same values as our AES and IPL family including a commitment to community and leadership, and we are very pleased to welcome them as our new neighbor here at One Monument Circle,” said Ken Zagzebski, President of AES United States. “Old National’s presence will add to the vibrancy of the Circle and benefit those living, working and visiting downtown Indianapolis.”
About Old National Bank
Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the largest financial services holding company headquartered in Indiana. With $12.0 billion in assets, it ranks among the top 100 banking companies in the U.S. Since its founding in Evansville in 1834, Old National Bank has focused on community banking by building long-term, highly valued partnerships with clients. Today, Old National’s footprint includes Indiana, Kentucky and Michigan. In addition to providing extensive services in retail and commercial banking, investments and brokerage, Old National’s Wealth Management Division is a Top 100 Fiduciary. Old National also owns Old National Insurance, one of the 100 largest brokers in the U.S. For more information and financial data, please visit Investor Relations at oldnational.com.
Indianapolis Power & Light Company (IPL), an AES Company, provides retail electric service to more than 480,000 residential, commercial and industrial customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County. During its long history, IPL has supplied its customers with some of the lowest-cost, most reliable power in the country. For more information about the company, please visit www.IPLpower.com or connect with us at www.twitter.com/IPLpower, www.facebook.com/IPLpower or www.linkedin.com/company/IPLpower.
Diane Hyatt - 317.705.6777
Old National Bank, Community Relations Manager
Brandi Davis-Handy – 317.261.8423
Indianapolis Power & Light Company, Director, External Communications