Old National Bancorp, the $7.6-billion holding company based in Evansville, IN, will acquire Citizens Financial Group’s 65 Charter One retail branches in Indiana. The branches had deposit liabilities of $397.4 million and $15.9 million of outstandings in their loan portfolios as of September 30. Old Nation will pay Citizens Financial $15.9 million in cash; the deal should close in the first quarter of 2009.
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