Old National Bank consolidating locations in Southern Ind.

Update: According to ONB officials a branch in Winslow, Indiana will consolidate into the Huntingburg location. The Chrisney and Hatfield locations will consolidate into the Rockport branch.

EVANSVILLE, Ind., — Old National Bank announced today plans to sell or consolidate 27 banking centers as part of ongoing efficiency and service delivery improvements.

Old National will sell nine banking centers subject to regulatory approval and the satisfaction of customary closing conditions. These locations include five in Western Kentucky and four in Southern Illinois.

Old National is also consolidating 18 banking centers into existing branch locations; nine locations in the Indianapolis area, five locations in Central Indiana and four locations in Southern Indiana.

Old National currently has 183 locations across Indiana, Western Kentucky, and Southern Illinois. According to the press release, Old National took a close look at its locations, examining such items as market dynamics, deposits per branch, proximity to other offices and client traffic, before coming to the decision.

Half of the consolidations are Indianapolis in-store branches with an approaching expiring lease. These locations will be consolidated into a nearby Old National, many of which are within a one – two mile radius.

Old National does not anticipate job eliminations as a result of these activities. Associates at consolidated locations will be offered comparable positions at nearby branches.

Clients of the sold or consolidated branches will be notified through the mail, online and through branch postings. The closures and conversions are anticipated to take place late fourth quarter of 2012 or early first quarter of 2013.

This is an ongoing story and will be updated. Location closing in Southern Indiana have not been disclosed.