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Old National Bank closing 6 Dane County branches

After acquiring Anchor BanCorp Wisconsin Inc. in 2016, Indiana-based Old National Bancorp, parent of Old National Bank, announced it will close some of its brick-and-mortar branches in the Midwest, including 10 in Wisconsin.

According to a Milwaukee Business Journal report, the branches are experiencing less use due to online banking.

Old National plans to downsize its footprint in Wisconsin from 30 to 20 branches, and selected the locations for closure based on factors such as client traffic and transaction counts.

Wisconsin branches scheduled to close on April 24 include:

  • 6240 Century Ave., Middleton
  • 6501 Monona Drive, Monona
  • 3052 Cahill Main, Fitchburg
  • 705 N. Main St., Oregon
  • 204 S. Century Ave., Suite A1, Waunakee
  • 1720 U.S. Highway 51 and 138, Stoughton

Two will close in the Milwaukee area, as well.

In total, Old National Bank will close 31 offices across the Midwest including Wisconsin, Indiana, Michigan, Minnesota, and Kentucky.

Old to new | New to old
Jan 28, 2020 06:34 pm
 Posted by  Anonymous

this is so sad....

Jan 29, 2020 03:50 pm
 Posted by  Anonymous

If you read about Old National in 2015, they did the same thing in Indiana and Illinois: buy distressed banks, take over assets, close banks. In that case, I believe they closed 37 banks.

This is a large corporation that studies banking trends, as do all banks, and I suspect hey bought Anchor knowing fully well that there would be closings--and now we have unemployed cashiers and the like, and stock holders have cashed in on numerous assets, so such is the legacy of corporate raiders.

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