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After more than a decade in the West and Central Michigan markets, Old National expanded into metro Detroit last year in what was a much-anticipated move for the 190-year-old bank.

“When we make a decision to come to a new market, to invest in amazing talent, we don’t do it lightly,” says Jim Ryan, Old National chairman and CEO. “We have been in business since 1834, so we very much think about the long term. We are a bank that thrives on building deep relationships with our clients. We can’t be more thrilled to have Detroit investing in us, and for us to invest in the Detroit community.”

Old National surpassed the $50 billion mark in total assets this year, and Ryan points to the potential of future investments in the state of Michigan to build an even larger presence.

“We love the state of Michigan, and the long-term vision is to really have a much bigger presence statewide,” Ryan says.

Metro Detroit Expansion

The metro Detroit team came together in January 2023 under the leadership of Rick Hampson, who was named metro Detroit market president. Hampson works out of a new office located in Troy that primarily serves commercial lending clients, but he noted they hope to expand to include wealth management and consumer banking.

“At Old National Bank, we are committed to supporting our colleagues, clients, and communities,” Hampson says. “Our vision is to be the ‘go-to’ bank for metro Detroit middle market companies and consumers. We want to be the bank of choice that helps our clients fulfill their dreams, that passionately supports our communities, and invests in the growth and development of our team members.”

Hampson oversees Old National’s metro Detroit team of Dan Zinser, SVP corporate banking; Andrea Boucher, SVP commercial real estate; Adam Zale, commercial real estate underwriter; Sarah Knapp, specialty lending banker; Neran Shaya, specialty lending banker; and Kevin Contat, franchise lending team leader. The Troy office is also home to colleagues in treasury management and private banking.

Serving the Detroit Community

Old National has always focused on strengthening and supporting the communities it serves, and metro Detroit is no exception.

Last year, Old National gave $11.8 million in grants and sponsorships benefiting more than 2,000 organizations across its eight-state footprint through its giving arm, the Old National Bank Foundation. Of this grant funding, 94% supported Community Reinvestment Act– eligible initiatives, and 84% of grants served underrepresented populations.

The metro Detroit office of Old National supports the community through local board engagement, financial support, and volunteering, which is a core value of the organization. This volunteering extends to the top community partners in metro Detroit, including Big Brother Big Sisters of Southeast Michigan, Gleaners, The Empowerment Plan, and Life Remodeled.

“Community support is part of Old National’s DNA, and our bankers over their careers have developed those key long-term client relationships and community connectivity that is the critical component to our success,” Hampson says. “At Old National, we strive daily to strengthen and support the communities in which we live and work, and we’re proud to now call Detroit our home.”