The Old National Bancorp Stock Purchase & Dividend Reinvestment Plan
As part of our continuing effort to provide quality service to our current and
future investors, we are proud to offer The Old National Bancorp Stock
Purchase and Dividend Reinvestment Plan ("Plan"). Old National has appointed
Continental Stock Transfer & Trust Company to act as the Plan
Administrator. Whether you are a current shareholder or an investor purchasing
shares for the first time, the Plan offers you a convenient and economical way
to purchase shares of Old National Bancorp no par value common stock with cash
investments and all or a portion of their dividends.
Features
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Investors can open an account with an initial purchase of as little as $500
or as much as $15,0001 per month. With the automatic monthly
investment feature of the Plan, however, you can enroll for as little as
$25.
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Participants can then purchase additional shares of common stock from $25
per month to a maximum of $15,0001 per month.
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Investors can reinvest all or a portion of their dividends to purchase
additional shares of common stock.
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Investors can conveniently gift shares of Old National Bancorp common stock
to others through the Plan.
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Investors will benefit from full investment of any funds contributed to the
Plan since fractional shares of common stock are credited to participant
accounts.
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Investors can sell shares of common stock held in their Plan account
directly through Old National Bancorp for $0.15 per share transaction
charge, plus any applicable brokerage fees.
This portion of the ONB Website contains only a summary of the provisions
of the Old National Bancorp Stock Purchase & Dividend Reinvestment Plan.
Details of the terms and conditions of the Plan including charges and
expenses are contained in the Prospectus. This portion of the ONB Website
should be read in conjunction with the Prospectus and does not constitute an
offer to sell or the solicitation of an offer to buy any securities. Any
such offer or solicitation is made only by the Prospectus and only in states
where it is lawful. Please read the Prospectus carefully before you
invest.
Participation
Any interested investor can participate in the Plan. Whether you are a new
investor or a current shareholder looking to add to your Plan account, you can
purchase shares of Old National Bancorp common stock directly from the company
by completing and returning the appropriate enrollment information.
Initial Investment
The Plan's minimum initial investment is $500, and the maximum initial
investment is $15,0001 per month. With the automatic monthly
investment feature of the Plan, however, you can enroll for as little as $25
and experience the added convenience of regular monthly share purchases via
electronic debits from your checking or savings account. No fee is charged for
the Automatic Monthly Investment feature.
Additional Investments
Additional stock purchases must be at least $25 per transaction, and not more
than $15,0001 per month (inclusive of the initial investment).
Purchase Dates
Plan purchases for an initial or optional cash investment will occur on the
5th and 20th day of each month or, if such day is not a business day, the next
business day. The Plan Administrator must receive your cash investment at
least two business days prior to the purchase date. If not received prior to a
purchase date, your cash investment will be held until the next purchase date.
If you enroll in the automatic monthly investment program, funds are drafted
from your account on the 25th day of each month, or the previous business day,
and then invested at the next purchase period.
Reinvestment of Dividends
Through the Plan, you can maximize your investment in the company by
automatically reinvesting your Old National Bancorp dividends in additional
shares. Shares of common stock purchased through the Plan will be posted
automatically to your account for safekeeping. If you prefer cash dividends,
you can receive them by check or have them deposited directly into your bank
account. You may also choose a combination of dividend reinvestment and cash
distributions by selecting the partial dividend reinvestment option on the
enrollment form.
Certificate Safekeeping
Your stock certificates are valuable and expensive to replace if lost or
stolen. The Plan Administrator offers you the convenience of depositing your
certificates for safekeeping at no additional charge. To deposit physical
certificates, mail them to Continental Stock Transfer & Trust Company,
Attn: Dividend Reinvestment Plan Department, 1 State Street, 30th
Floor, New York, NY 10004-1561, along with a note instructing us to deposit
the shares into book-entry form. Do not endorse the certificate(s). We
recommend using Certified Mail and insuring them for 3% of the market value of
the certificates.
Account Statements
You will receive a statement of your Plan account activity following any
purchase, sale, transfer, or withdrawal. During months in which dividends are
paid, you will receive only one statement, which will include all relevant
investment and dividend information. Please retain this statement for tax
purposes.
Sales
You can sell Old National Bancorp common stock held in your Plan account
through the Plan Administrator for a fee of only $0.15 per share plus any
applicable brokerage fees. Sale trades are placed daily. To request a sale,
simply complete and return the top portion of your account statement to the
Plan Administrator.
1See Plan Prospectus (Questions 13 and 14) for details pertaining
to request for Waiver purchases in excess of $15,000.
Enrollment
To obtain a prospectus, enrollment form or a request for waiver form, click on
the links below.
Continental Stock Transfer & Trust Company
1 State Street, 30thFloor
New York, NY 10004-1561
If you have questions, please call Continental Stock Transfer & Trust
Company at (800) 677-1749 or
Click Here
to have an enrollment packet mailed to you.
Common shares of Old National Bancorp offered through the Plan are not
insured or guaranteed by the FDIC or any other governmental agency, are not
deposits or obligations of any bank, are not guaranteed by any bank and
involve investment risk including possible loss of principal.
Click Here
to receive more information from Old National Bancorp.