At a time when the industry is abuzz with talk about the information superhighway, reengineering, and rapid change, executives at Old National Bancorp in Evansville, Ind., may sound a tad old-fashioned.

Dan W. Mitchell, the chairman and chief executive who will retire at yearend, made the Chinese proverb "Make haste slowly" into the bank's unofficial slogan. John M. Royse, the 61-year-old president and chief operating officer who will take the reins from Mr. Mitchell, calls the bank's conservative lending standards its formula for success. Although the bank has consistently been a strong performer, its balance sheet looks very traditional.

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