As part of is first quarter earnings, Old National Bank announced a donation of $1.2 million in relief efforts for its local communities.
“While we are pleased with our 1st quarter progress and the implementation of the ONB Way strategic initiatives, our commitment and focus today is on supporting our clients, team members and communities during the COVID-19 pandemic,” said Chairman & CEO Jim Ryan. “With this goal in mind, we are giving $1.2 million to COVID-19 relief efforts – both immediate and near-term – while also working diligently to help our clients take advantage of our own internal relief programs and the various government support programs. I’d also like to thank our team members for
their hard work and unwavering commitment to serving our clients and communities during this difficult time.”
COMMITTING $1.2 MILLION TO COVID-19 RELIEF EFFORTS WITHIN OUR COMMUNITIES
To best serve our communities during this time of need, Old National is committing $1.2 million for COVID-19 relief.
$600,000 in funding focused on meeting the immediate needs in our communities, with an emphasis on low-to-moderate income communities.
$600,000 in Old National Bank Foundation grant funding that will focus on longer-term restorative and transformational needs within our communities.
SUPPORTING OUR CLIENTS THROUGH RELIEF MEASURES
To assist our consumer and business clients during this time of need, Old National is providing relief in several ways:
Approving loan payment extensions and waiving or refunding certain banking fees for clients experiencing a COVID-19-related hardship.
Aiding thousands of our clients by administering the Small Business Administration’s Paycheck Protection Program (PPP). Through April 16, 2020, we have approved approximately $1.35 billion in total loan volume through the PPP.