Old National forms partnership for minority businesses

EVANSVILLE, Ind. (Inside INdiana Business) – Evansville-based Old National Bancorp (Nasdaq: ONB) is partnering with Anderson-based nonprofit lender Bankable and the Mid-States Minority Supplier Development Council to promote and support Minority Business Enterprises. Old National says the partnership will provide flexible financing solutions and business development resources to Mid-States MSDC-certified MBEs within Indiana.

Old National says it is providing $50,000 to launch the partnership, with an emphasis on broadening economic development and financial empowerment initiatives among diverse businesses and locations.

“Old National is honored to collaborate with Bankable and Mid-States MSDC to offer financing and resources for MBE’s,” said Stephanie Roland, Old National Bank’s community outreach director. “We understand that many businesses have been impacted by COVID-19, and we hope this additional support will help ensure stability and growth.”

Mid-States MSDC President Carolyn Mosby says providing small business loans for council certified MBEs shows ONB and Bankable’s support of minority businesses in Indiana, and the company looks forward to growing the partnership in other areas as well.

“Community is a core value and critical element of our corporate culture at Old National,” said Old National Chairman & CEO Jim Ryan. “We are honored to partner with Bankable and Mid-States to drive this commitment forward in meeting the needs of minority-owned businesses throughout the state of Indiana.

Mid-States MSDC is one of 23 regional affiliates of the National Minority Supplier Development Council and serves Central Illinois, Indiana and eastern Missouri.