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Old National CEO Bob Jones to retire; CFO to take the reins

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Old National CEO Bob Jones to retire; CFO to take the reins

Banking industry veteran Bob Jones will retire from his position as CEO of Evansville, Ind.-based Old National Bancorp, effective May 2.

The bank's CFO, Jim Ryan, will take on the chief executive role. Ryan moved into the CFO position in May 2016.

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Old National Bancorp CEO Bob Jones is stepping down, effective in May.
Source: Old National Bancorp

Jones, 61, joined Old National in September 2004 after 25 years at Cleveland-based KeyCorp. He will continue as Old National's chairman through 2020.

Jones oversaw the expansion of Old National in the wake of the financial crisis, including the bank's 11 deals since 2008. Assets totaled nearly $8.98 billion at the end of September 2004, dipping to $7.87 billion at year-end 2008. They were $17.57 billion at the end of the third quarter of 2018. Old National was one of the first banks to cross $10 billion in assets, a significant threshold from a regulatory perspective, after the passage of the Dodd-Frank Act.

Brendon Falconer, the company's treasurer, will replace Ryan as CFO. Jim Sandgren will continue as the company's president and COO.