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  1. The 4 Biggest Changes You'll See on Your Tax Return This Year
    Tax season is just about to start, and now's the moment of truth to see what impact the late-2017 tax reform laws will have on your tax return.
  2. ATM Fraud-What you need to know
    What to Know About ATM Fraud. Here is how ATM fraud has evolved in 2024. Avoid common scams and keep your money safe.
  3. 3 Things Newly Divorced People Need to Know About Social Security
    Divorce may end your personal relationship with your ex, but it doesn't always end your financial relationship with them. You're probably familiar
  4. Community Reinvestment Act
    Old National works to build products, services and collaborative partnerships that help individuals and families reach their goals. Access our CRA Public File.
  5. What are the replacement rates for LIBOR?

    Although options for replacing LIBOR continue to evolve, Old National has currently identified the following potential replacement options for our clients:

    1. Secured Overnight Financing Rate (SOFR)
    2. Term SOFR

    The Secured Overnight Financing Rate or SOFR is the replacement benchmark recommended by the New York Federal Reserve’s Alternative Reference Rate Committee (ARRC). (See references below for more information on the work of the ARRC.) SOFR is derived from transactions that are executed in the overnight repurchase agreement (repo) market. These transactions are executed between banks and other intermediaries and are often collateralized by US Treasury securities. The market for SOFR is very deep and liquid with nearly $1 trillion in underlying transactions executed daily. 

    While SOFR has been identified as the replacement index for LIBOR, there are multiple calculation methodologies which have been developed given that SOFR is a daily rate. The CME Term SOFR Reference Rates benchmark is a daily set of forward-looking interest rate estimates based on the SOFR futures contracts. CME Term SOFR Reference Rates are calculated and published for 1-month, 3-month, 6-month and 12-month tenors. Like LIBOR, CME Term SOFR Reference Rates are forward-looking, and the rate is set at the beginning of the period and interest is paid in arrears.

  6. 3 Ways Leaders Can Reduce Burnout and Improve Retention for Their Hybrid Workers
    According to a recent workplace survey, 80 percent of 25- to 34-year-olds said that friendships with co-workers are the most important thing to them
  7. Business Strategy For The High Inflation Economy
    Companies around the world are feeling inflation, especially companies in the United States.
  8. Old National’s Empowerment Small Business Loan Program
    Old National hosted three receptions in the Chicagoland market for the Old National Empowerment Small Business Loan Program in August of 2024, when a
  9. Planning for 2020: Leveraging technology to alleviate basic business woes
    Use modern technology to improve daily business activities. Many medium-sized and small businesses are tapping into the new technology to help them come up with a more innovative, more efficient, and more productive workforce. Similarly, the rise in remote workers has led to an increase in the demand for on-demand data
  10. Strong relationships can aid CFOs in building C-suite cohesion
    While some economists are cautiously optimistic about the future of the economy, executive leaders are still facing high inflation, rising