Southern Indiana Business Report
EVANSVILLE – Timothy M. Burke Jr. has been named Old National Bancorp president and chief operating officer, assuming the role previously held by Mark Sander who announced his retirement earlier this year.
Burke most recently served as executive vice president of the Central Region and Field Enablement for the Commercial Bank for a large Midwestern super-regional bank, where he was responsible for the full range of commercial banking in 12 Midwestern markets including those in Illinois, Indiana and Michigan.
Burke’s nearly 30-year banking career has centered on serving clients and communities in the Midwest.
“I’m truly thrilled to join a team that’s so deeply committed to relationship banking and making a real impact on our communities,” said Burke in a press release. “Old National’s core values and mission strongly align with my personal values, positioning me well to jump into the role, take care of clients and deliver standout products and services consistently across all of our markets.”
As president and COO, Burke will be responsible for guiding the success of Old National’s Commercial, Community and Wealth segments, and Credit and Marketing teams. He and his family will reside in Evansville, and he will maintain offices in Evansville and Chicago.
“We are thrilled to welcome Tim Burke as Old National’s President and Chief Operating Officer,” said Chairman and CEO Jim Ryan. “Tim brings nearly 30 years of extensive banking expertise to this critical role. I am confident that his infectious energy, strong strategic vision, and collaborative leadership approach will ensure that Old National continues to exceed client expectations for years to come, while also working to strengthen the communities we serve.”
Old National is headquartered in Evansville and has 90 locations in Indiana, including Bedford, Loogootee, Jasper, Ferdinand, Huntingburg, Paoli and Washington.
Earnings report
Burke’s announcement was included in ONB’s second quarter earnings report, which reported net income applicable to common shares of $121.4 million and net interest income on a fully taxable equivalent basis1 of $521.9 million.
ONB reported total deposits of $54.4 billion, up $13.3 billion.
“Old National’s impressive second quarter results were achieved through a strong focus on the fundamentals: Growing our balance sheet, expanding our fee-based businesses, and controlling expenses,” said Ryan. “Additionally, with the successful closing of our partnership with Bremer on May 1, 2025, Old National is well-positioned for the remainder of the year, benefiting from a larger balance sheet and a stronger capital position.”