The Board of Directors of Old National Bancorp declared an increase in the company's quarterly cash dividend to $0.13 per share on the company's outstanding shares of common stock. This new dividend level represents an 8.3% increase over the previous cash dividend level of $0.12 per common share. The dividend is payable on March 15, 2016, to shareholders of record on March 1, 2016.

For purposes of broker trading, the ex-date of the cash dividend is February 26, 2016.