Old National Offers $150M In Common Stock

Law360, New York (September 21, 2009, 1:09 PM EDT) -- Old National Bancorp on Monday offered up $150 million of its common stock in an effort to bolster future growth, including the potential acquisition of distressed financial institutions.

Old National, the holding company for Old National Bank, filed a supplement with the U.S. Securities and Exchange Commission detailing the specifics of a securities offering it put forward in June, which includes an underwritten public offering of its common stock.

The $150 million the company hopes to raise will go toward general corporate purposes, as well as...
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