The Bank Slate


Old National forms new wealth management business

Old National Bancorp in Evansville, Ind., unveiled a new wealth management brand that combines a number of its wealth advisory and investment management businesses.

The $46 billion-asset company said in a press release that 1834 was formed to meet the wealth advisory needs of high-net-worth individuals and institutions. The brand reflects the year the bank was founded.

Chady AlAhmar, Jim Steiner and Joe Colianni are in charge of the business, which will be assisted by 1834 Investment Advisors, an SEC-registered investment adviser.

The business has more than 100 team members, including people who work at the bank and the RIA. Offices were recently added in Nashville, Tenn., and Scottsdale, Ariz.

The move follows last year’s acquisition of First Midwest.

“Senior leaders of the wealth management division focused on integrating the very best of each legacy company’s wealth-related services in order to expand offerings and ensure that we serve clients even more effectively as a combined company,” Jim Ryan, Old National’s CEO, said in the release.

“The result of that process was the formation of 1834, and with it comes a broader investment platform and a much deeper focus on wealth planning – all while delivering the same exceptional service our clients have come to expect,” Ryan added

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