Old National Bancorp Earns Recognition for Community Commitment
Old National Bancorp, recognized for its significant contributions to community betterment, has yet again secured a spot on the prestigious list of the 50 most community-minded companies in the United States as designated by Points of Light. This recognition celebrates Old National’s continuous dedication to making a difference, building on the accolades received in previous years.
The Importance of The Civic 50 Award
This award, known as “The Civic 50,” highlights companies that actively engage in community service and philanthropy. Old National Bancorp has proudly earned this honor for the second consecutive year, showcasing its commitment to civic responsibility. Each year since 2012, Points of Light has identified organizations that set benchmarks in community engagement and employee involvement.
Employee Engagement and Volunteerism
Old National’s achievements are not solely organizational; they stem from the passionate involvement of its employees. In the previous year, team members logged an impressive 67,000 volunteer hours, demonstrating their commitment to giving back. Jim Ryan, the Chairman and CEO, emphasized this connection by stating how much the employees enjoy contributing their time for a worthy cause, reinforcing the bank's values of service and community support.
Collective Impact of The Civic 50
The Civic 50 companies, including Old National, have pooled their resources to engage over 460,000 employees and volunteer more than 6.5 million hours in community service. This overall contribution is notably double the average rate of corporate volunteerism seen across U.S. companies that are not part of The Civic 50, highlighting the remarkable impact these leading organizations are making together.
Leading by Example in Corporate Citizenship
Jennifer Sirangelo, the President and CEO of Points of Light, noted the importance of adapting to the changing landscape of corporate citizenship. Companies like Old National are paving the way, demonstrating not only the benefits of social impact for their communities but also the positive effects on their employees’ overall well-being. This approach illustrates how corporate values translate into meaningful actions that resonate with stakeholders, offering a model for others in the industry.
Evaluating Corporate Citizenship
The criteria for selection into The Civic 50 are comprehensive, assessing companies based on four key dimensions of their corporate citizenship: the investment of resources and volunteerism, integration with business operations, institutionalization of practices through policies, and thorough impact measurement.
About Old National Bancorp
Old National Bancorp, trading under the ticker (NASDAQ: ONB), stands as the holding company of Old National Bank, which is recognized as the fifth-largest commercial bank in the Midwest. With a significant footprint across the Midwest and Southeast, the company manages approximately $70 billion in assets and ranks among the top 25 banking institutions in the United States. Old National is committed to fostering long-term partnerships and strengthening the communities they serve while offering comprehensive services in banking, wealth management, and capital markets.
About Points of Light
Points of Light is a global nonprofit dedicated to galvanizing volunteer service and civic engagement. With a reach extending to over 3.8 million volunteers across 32 countries, their mission revolves around inspiring and mobilizing individuals to drive positive changes in their communities. Their recognition of companies like Old National underscores the significance of corporate engagement in social initiatives.
Frequently Asked Questions
What is The Civic 50 award?
The Civic 50 award recognizes the 50 most community-minded companies in the U.S., evaluating their civic engagement initiatives.
How did Old National Bancorp earn this recognition?
Old National garnered this honor through its active employee volunteering and dedicated community investments.
What are the benefits of corporate volunteering?
Corporate volunteering enhances employee well-being, strengthens community ties, and exemplifies corporate social responsibility, bringing additional value to businesses.
Where does Old National Bancorp operate?
Old National primarily serves clients in the Midwest and Southeast regions, with a robust banking presence in these areas.
How can I learn more about Old National's community initiatives?
For more detailed information, you may visit Old National's official website and explore their community action reports and resources.
