Old National Bancorp (ONB) in Evansville, Ind., will pay a $500,000 fine in the process of satisfying a regulatory order to strengthen its anti-laundering controls.

The Office of the Comptroller of the Currency has said that it will terminate a 2012 consent order with Old National's banking unit soon, the $9.7 billion-asset company said in a regulatory filing Friday. The OCC will also require Old National to pay a $500,000 civil monetary penalty in connection with the problems addressed in the consent order.

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