OLD NATIONAL BANCORP /IN/ : Other events (form 8-K) | Whuff News


Item 8.01 Other Events.

up November 18, 2022, Old country banka subsidiary wholly owned by Old National Bancorp (the “Company”) completed its previously announced transaction with UMB Bankna (“UMB”), according to what was acquired by UMB Old National Bank’s
business of acting as a trustee for, and managing health care accounts (“HSA Business”).

At closing, and subject to any subsequent price changes, HSA Business maintained $382 million health savings accounts are deposited in Old country bank resulting in an expected value of approx $92 million paid by UMB c Old country bank.

Forward-Looking Information

This Current Report on Form 8-K contains forward-looking statements regarding ONB’s sale of its HSA Business to UMB. These statements can be identified by the use of words such as “anticipate,” “project,” “anticipate,” “believe,” “anticipate,” “estimate,” “acquire,” “plan,” “plan,” “can do. ,” “able,” “about” and other similar words.

Forward-looking statements involve risks and uncertainties. Accordingly, actual results or results may differ materially from the information expressed in, or implied by, the information. to look ahead. Since these forward-looking statements are based on assumptions and uncertainties, the future events regarding the Company described in this Report may differ from the actual events. are expressed in or implied by these forward-looking statements. You are cautioned not to place undue reliance on this information, which is only current as of the date of this Report.

Written and forward-looking statements regarding the sale of the HSA Business or other matters contained in this Report are current and subject to the Company being fully qualified by the cautionary statements contained in or referred to in this section. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this Current Report.

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