EVANSVILLE, Ind. - Old National Bancorp said Monday that it plans to buy hometown rival Permanent Bancorp in a $92 million stock deal.The deal for $500 million-asset Permanent would be a departure for Old National, which typically targets market leaders outside its home base. The $8.5 million-asset company has two pending acquisitions, a $212.4 million deal for ANB Corp. of Muncie and a $63.2 million deal for Heritage Financial Services Inc. in Clarksville, Tenn.

John S. Poelker, Old National's chief financial officer, said the acquisition "will have an immediate and positive impact on our financial results and our service levels in the Evansville market."

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