By Sabela Ojea Old National Bancorp is merging with CapStar in an all-stock transaction. Indiana-headquartered financial services company Old National on.
Mike Scudder made far more as executive chairman of Old National than he ever did as First Midwest CEO. His haul topped even the CEO of far larger BMO Harris Bank.
The companies originally hoped to complete the deal in late 2021. The buyer chalked up the delay to an overburdened Federal Reserve, rather than any problems with its application.