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Shane Print Joins Old National as President of Commercial & Industrial Banking

StockNews.AI · 6 hours

ONB
High Materiality7/10

AI Summary

Old National Bank named Shane Print President of Commercial & Industrial Banking, signaling a focused growth push in C&I, agribusiness, and SBA lending. Print brings nearly 25 years of experience and will report to Chris Doyle as Kevin Anderson retires at year-end after 43 years in banking. The move could strengthen loan growth and client engagement across the Midwest over the next 6-12 months.

Sentiment Rationale

Leadership changes in a regional bank's core growth segment can shift strategy, improve client pipelines, and lift market perception of management depth. Print's track record in commercial banking and Chicago/networking ties suggest potential for faster C&I loan growth and cross-sell opportunities, though near-term earnings timing remains uncertain.

Trading Thesis

Bullish on ONB over the next 6-12 months as C&I leadership strengthens growth potential.

Market-Moving

  • C&I leadership change may accelerate Midwest loan growth and client acquisition.
  • Strategic emphasis on agribusiness and SBA lending could expand fee-based revenue.
  • Near-term earnings impact is uncertain until programs ramp in 2H2026.

Key Facts

  • Old National names Shane Print President of Commercial & Industrial Banking.
  • Print has ~25 years in financial services; previously market executive for a major bank.
  • Kevin Anderson to retire at year-end after 43-year career.
  • Print will office in Chicago; reports to Chris Doyle and lead C&I, Agribusiness, SBA lending.
  • Company highlights Midwest focus; leadership change could boost C&I growth.

Companies Mentioned

  • Old National Bancorp (ONB): New C&I president could influence loan growth and profitability; strategic growth focus.
  • Better Business Bureau of Chicago & Northern Illinois (N/A): Print serves as chair; may enhance local business network and client engagement.
  • The Metropolitan Club (N/A): Board member; expands regional visibility and community ties impacting market presence.

Corporate Developments

Category: Corporate Developments. The piece centers on a leadership appointment within ONB's Commercial & Industrial Banking unit, a key internal expansion driver with potential implications for growth strategy and regional loan activity.

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