Due to continued market interest in Old National's outstanding debt, the rating service is assigning unsolicited ratings of BBB to Old National Bancorp and BBB+/A-2 to Old National Bank.

The agency will maintain surveillance on the ratings, which have "stable" outlooks.

Comments on this story may be sent to admin@m2.com

Tomorrow at 3 p.m., 4 p.m., Old National Bancorp president and CEO Bob Jones, Old National Bancorp chairman Larry Dunigan, and the remaining nine board directors will ring the New York Stock Exchange's closing bell. (Please note the following live link to bell ringing http://www.nyse.com/attachment/liveflashbell.htm)

In the days leading up to Old National's anniversary date, Indiana Governor Mitch Daniels and U.S. Congressman Brad Ellsworth, who represents Indiana's 8th District, both made proclamations declaring Nov. 11 Old National Bank Day in Indiana. In addition, both the Indiana House and Senate introduced resolutions acknowledging Old National's historic anniversary and long-standing commitment to Indiana families, businesses and communities, while mayors in several Indiana, Kentucky and Illinois cities and counties (including Evansville and Indianapolis) introduced proclamations officially recognizing the week or day of Old National's anniversary.

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In the days leading up to Old National's anniversary date, Indiana Governor Mitch Daniels and U.S. Congressman Brad Ellsworth, who represents Indiana's 8th District, both made proclamations declaring Nov. 11 Old National Bank Day in Indiana. In addition, both the Indiana House and Senate introduced resolutions acknowledging Old National's historic anniversary and long-standing commitment to Indiana families, businesses and communities, while mayors in several Indiana, Kentucky and Illinois cities and counties (including Evansville and Indianapolis) introduced proclamations officially recognizing the week or day of Old National's anniversary.

Throughout the year, Old National has celebrated its milestone anniversary by giving back to the communities where its clients and associates live and work. The following are just a few of the activities that have taken place throughout the year:

 * Each quarter, associates held donation drives in Old National
   markets with the goal of collecting 175 items to donate to local
   charities.  The first three collections (the forth is underway)
   exceeded each market's goal and resulted in the collection of
   30,275 total items that stayed in each local community.
 * On June 24 (175th day of the year), Old National donated more
   than $175,000 to over 200 non-profit organizations.  Each of Old
   National's 182 banking centers and insurance offices donated
   $175 to a local charity of the banking center's choice, and
   there were other significant gifts throughout Indiana, Illinois
   and Kentucky.
 * Today, Old National Bancorp President and CEO, Bob Jones,
   kicked-off a 175-hour volunteer marathon at Old National's 4th
   quarter Town Hall meeting for associates.  During a 175-hour
   period, starting at 9:00 a.m. (CST) this morning, associates will
   volunteer in special ways throughout their communities, in honor
   of Old National's 175th anniversary.

Old National Bancorp, celebrating its 175th anniversary in 2009, is the largest financial services holding company headquartered in Indiana and, with $8 billion in assets, ranks among the top 100 banking companies in the United States. Since its founding in Evansville in 1834, Old National has focused on community banking by building long-term, highly valued partnerships with clients in its primary footprint of Indiana, Illinois and Kentucky. In addition to providing extensive services in retail and commercial banking, wealth management, investments and brokerage, Old National also owns one of the largest independent insurance agencies headquartered in Indiana, offering complete personal and commercial insurance solutions. For more information and financial data, please visit the Company's website at www.oldnational.com.

The Old National Bancorp logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1872

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Old National Bancorp

CONTACT:  Old National Bancorp
Media Relations:
Kathy A. Schoettlin
(812) 465-7269 or 319-2711

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