Business
Old National Bank forms partnership to support Minority Business Enterprises
ONB, Bankable and Mid-States Minority Supplier Development Council will work together to provide financing solutions and resources for MBEs in Indiana
About this update from Old National Bancorp
[{"type":"text","content":"ONB, Bankable and Mid-States Minority Supplier Development Council will work together to provide financing solutions and resources for MBEs in Indiana\nEVANSVILLE, Ind., July 20, 2020 (GLOBE NEWSWIRE) -- Old National Bank is pleased to announce its partnership with Bankable and the Mid-States Minority Supplier Development Council (Mid-States MSDC) to promote and support Minority Business Enterprises (MBEs). This partnership will provide unique and flexible financing solutions and business development resources to Mid-States MSDC certified MBEs within the State of Indiana to ensure each entity’s future stability, growth and success.\n Old National is providing $50,000 in funding to launch the partnership with an emphasis on broadening economic development and financial empowerment initiatives among diverse businesses and geographies. “Old National is honored to collaborate with Bankable and Mid-States MSDC to offer financing and resources for MBE’s,” said Stephanie Roland, Community Outreach Director. “We understand that many businesses have been impacted by COVID-19, and we hope this additional support will help ensure stability and growth.” “Mid-States is excited about this partnership. Providing small business loans for our council certified MBEs shows ONB and Bankable’s support of our minority businesses here in Indiana,” said Carolyn E. Mosby, President/CEO of Mid-States MSDC. “We look forward to growing our partnership in other areas as well.” “Community is a core value and critical element of our corporate culture at Old National,” said Old National Chairman & CEO Jim Ryan. “We are honored to partner with Bankable and Mid-States to drive this commitment forward in meeting the needs of minority-owned businesses throughout the state of Indiana. For more information about the MBE partnership, visit https://midstatesmsdc.org/ or call 317.921.2678. About Old NationalOld National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the largest bank holding company headquartered in Indiana. With $22.1 billion in assets, it ranks among the top 100 banking companies in the U.S. and has been recognized as a World’s Most Ethical Company by the Ethisphere Institute for nine consecutive years. Since its founding in Evansville in 1834, Old National Bank has focused on community banking by building long-term, highly valued...