Stock Purchase Program
|THE OLD NATIONAL BANCORP STOCK PURCHASE & DIVIDEND REINVESTMENT PLAN |
As part of our continuing effort to provide quality service to our current and future investors, we are proud to offer The Old National Bancorp Stock Purchase and Dividend Reinvestment Plan ("Plan"). Whether you are a current shareholder or an investor purchasing shares for the first time, the Plan offers you a convenient and economical way to purchase shares of Old National Bancorp no par value common stock with cash investments and all or a portion of their dividends.
- Investors can open an account with an initial purchase of as little as $500 or as much as $10,0001 per month. With the automatic monthly investment feature of the Plan, however, you can enroll for as little as $25.
- Participants can then purchase additional shares of common stock from $25 per month to a maximum of $10,0001 per month.
- Investors can reinvest all or a portion of their dividends to purchase additional shares of common stock.
- Investors can conveniently gift shares of Old National Bancorp common stock to others through the Plan.
- Investors will benefit from full investment of any funds contributed to the Plan since fractional shares of common stock are credited to participant accounts.
- Investors can sell shares of common stock held in their Plan account each week directly through Old National Bancorp for $.15 per share transaction charge, plus any applicable brokerage fees.
This portion of the ONB Website contains only a summary of the provisions of the Old National Bancorp Stock Purchase & Dividend Reinvestment Plan. Details of the terms and conditions of the Plan including charges and expenses are contained in the Prospectus. This portion of the ONB Website should be read in conjunction with the Prospectus and does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any such offer or solicitation is made only by the Prospectus and only in states where it is lawful. Please read the Prospectus carefully before you invest.
Any interested investor can participate in the Plan. Whether you are a new investor or a current shareholder looking to add to your Plan account, you can purchase shares of Old National Bancorp common stock directly from the company by completing and returning the appropriate enrollment information.
The Plan's minimum initial investment is $500 and the maximum initial investment is $10,0001 per month. With the automatic monthly investment feature of the Plan, however, you can enroll for as little as $25 and experience the added convenience of regular monthly share purchases via electronic debits from your checking or savings account. No fee is charged for the Automatic Monthly Investment feature.
Additional stock purchases must be at least $25 per transaction, and not more than $10,0001 per month (inclusive of the initial investment).
Plan purchases for an initial or optional cash investment will occur on the 5th and 20th day of each month or, if such day is not a business day, the next business day. The Plan Administrator must receive your cash investment at least two business days prior to a purchase date. If not received prior to a purchase date, your cash investment will be held until the next purchase date. If you enroll in the automatic monthly investment program, funds are drafted from your account on the 25th day of each month, or the next business day, and then invested at the next purchase period.
Reinvestment of Dividends
Through the Plan, you can maximize your investment in the company by automatically reinvesting your Old National Bancorp dividends in additional shares. Shares of common stock purchased through the Plan will post automatically to your account for safekeeping. If you prefer cash dividends, you can receive them by check or have them deposited directly into your bank account. You may also choose a combination of dividend reinvestment and cash distributions by selecting the partial dividend reinvestment option on the enrollment form. You are free to change your cash dividend payment designation at any time by contacting our Shareholder Services Department at (812) 464-1296, toll free at (800) 677-1749, via fax at 812-464-1421 or by e-mail @ [email protected]
Your stock certificates are valuable and expensive to replace if lost or stolen. Old National offers you the convenience of depositing your certificates for safekeeping at no additional charge. To deposit physical certificates, mail them to Old National Bancorp, Shareholder Services, One Main Street 5th Floor, Evansville, Indiana, 47708, along with a note instructing us to deposit the shares into book-entry form. Do not endorse the certificate(s). We recommend using Certified Mail and insuring them for 2% of the market value of the certificates.
You will receive a statement of your Plan account activity following any purchase, sale, transfer, or withdrawal. During months in which dividends are paid, you will receive only one statement, which will include all relevant investment and dividend information. Please retain this statement for tax purposes.
You can sell Old National Bancorp common stock held in your Plan account directly through the company for a fee of only $.15 per share plus any applicable brokerage fees. Sale trades are placed once each week. To request a sale, simply complete and return the top portion of your account statement to Old National Bancorp Shareholder Services Department.
1 See Plan Prospectus (Questions 14 and 15) for details pertaining to request for Waiver purchases in excess of $10,000.
Important Information Regarding Old National Bancorp’s Transition From Listing on the NYSE to NASDAQ
On August 14, 2013, Old National Bancorp’s common stock began trading on the NASDAQ Global Select Market ("NASDAQ") under the symbol "ONB." Accordingly, all references to the “NYSE” in the Plan Prospectus should be deemed as references to “NASDAQ” beginning August 14, 2013.
To obtain a prospectus, enrollment form or a request for waiver form, click on the links below.
Download Enrollment Form
Download Request for Waiver
One Main Street
Evansville, IN 47708
PO Box 929
Evansville, IN 47706
If you have questions, please call us at (812) 464-1296 or toll free at (800) 677-1749, or Click Here to have an enrollment packet mailed to you.
Common shares of Old National Bancorp offered through the Plan are not insured or guaranteed by the FDIC or any other governmental agency, are not deposits or obligations of any bank, are not guaranteed by any bank and involve investment risk including possible loss of principal.
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