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Lafayette Savings Bank and Old National announce planned partnership.

We are pleased to inform you about a significant change that will be happening in the coming months. On June 4, 2014, LSB Financial Corp and its wholly-owned subsidiary Lafayette Savings Bank announced that we are joining forces with Old National Bancorp and Old National Bank. This partnership will involve our five full-service banking centers in Tippecanoe County. Old National has two banking centers in Lafayette and one in West Lafayette.

The leadership teams at Lafayette Savings Bank and Old National are excited about this partnership which will bring together two like-minded banks with deep Hoosier roots, common values, and outstanding legacies of client service and community engagement. We believe that this will advance both banks’ long-standing commitment to the Lafayette community and grow opportunities for our community, customers and employees.

This partnership will also result in a greatly enhanced convenience, products and services for our clients including expanded personal and business banking, wealth management services and insurance. Clients will also benefit from a larger network of ATMs and more than 180 banking centers in Indiana, Michigan, Southern Illinois, Western Kentucky and Louisville.

We anticipate that the Lafayette Savings Bank branches will open as Old National banking centers in the fourth quarter of 2014.1 At this time, Lafayette Savings Bank clients will not experience any changes in their banking relationship and should continue banking as normal - using existing accounts, online services, ATMs and banking centers. Both Lafayette Savings Bank and Old National will work closely to ensure that the transition will be as seamless as possible, with our collective commitment to the same high-quality of service Lafayette Savings Bank clients have come to expect.

To learn more, read the news release announcing this partnership.

1. The acquisition of LSB Financial Corp./Lafayette Savings Bank is pending and is subject to the approval from applicable regulatory authorities and the shareholders of LSB Financial Corp. as well as the satisfaction of customary closing conditions.

 

     
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