AN M&A PAUSE? "M&A is exciting, but you have to remember you do it to create shareholder value," Chief Executive Bob Jones said in explaining that the bank would take a break from M&A in deference to shareholders' concerns.

Serial Bank Buyer's Dilemma: When Is the Right Time to Stop?

Old National Bancorp in Evansville, Ind., has spent the last year buying its way into higher-growth markets, including a deal announced Monday in Grand Rapids, Mich. CEO Bob Jones is still antsy to expand in Louisville but acknowledges that shareholders want him to take a break from M&A.

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