NasdaqGS:ONBBanks
Alleged Employee Poaching And Branch Closures Might Change The Case For Investing In Old National Bancorp (ONB)
Old National Bank has filed a lawsuit against Bell Bank alleging a coordinated mass resignation of eight senior employees from its Brainerd and Baxter, Minnesota branches, along with the misuse of confidential information and customer relationships that disrupted operations and led to branch closures.
The case highlights how competition for experienced bankers and local client relationships can affect Old National’s regional presence, operational continuity, and customer retention in its...