Federal Reserve Approves Old National Merger

Published 07/15 2014 06:28PM

Updated 07/15 2014 06:29PM

The Federal Reserve Board has approved Old National Bank's merger with United Bancorp. It's a deal worth more than $170 million.

Old National, which is based in Evansville, would also indirectly acquire United Bank and Trust. Both of the other companies involved in the merge are based in Ann Arbor, Michigan.

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