banking accounts

An Evansville, IN based banking company has announced plans to sell 17 branches and consolidate or close another 19 locations.

Old National Bank issued a release Monday detailing the news that will affect branches in Illinois, Indiana, Kentucky, Michigan and Ohio.

Twelve branch locations in Southern Illinois will be sold to First Mid-Illinois Bancshares, leaving only two Old National Bank locations in Marshall and Danville. The company also will sell four Eastern Indiana branches, as well as its only location in Ohio, to MainSource Bank in a separate deal.

 Thirteen additional branches in Indiana, three branches in Michigan and three branches in Kentucky will either be closed or consolidated in the next several months.

Nearly one in ten Kentuckians doesn’t have a bank account. That’s one of the findings in a new report issued by the Federal Deposit Insurance Corporation.