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For Your Business June 4, 2024

Profile: Old National Bank’s New Financial Institutions Group Leverages SWIFT Capabilities

In banking and finance, where the only constant is change, Old National stands out in our unyielding commitment to create strong relationships with clients and deliver impactful results.

We understand that the foundation of successful financial partnerships lies within the synergy between performance and trust. This philosophy is at the heart of our Financial Institutions Group (FIG), which is dedicated to offering tailor-made credit, liquidity, treasury management, and capital market solutions to non-bank financial institutions.  

“(FIG) focuses on commercial clients that utilize banks for treasury management and liquidity in capital markets,” says group director Joe Wicklander. “We are a specialty line of business focused on delivering Old National’s extensive solution set to clients across principals and employees, management and holding companies, operating companies, and underlying assets.” 

Wicklander, who has over 20 years of experience in the banking industry, came to Old National in September of 2023 with a vision to build out a financial institutions practice. He, like Old National, recognizes the need for customized financial solutions, especially in a market that has seen many regional banks fail over the course of the past several years. Now – more than ever – it’s important to have banks that possess a conservative and healthy balance sheet, and can provide clients with the services they need from a position of strength. 

“Our clients are high IQ and sometimes low patience who value bankers that understand the nuances of their business, including structures, vocabulary terms, industry partners, and centers of influence”, Wicklander emphasizes. “We know how to solve problems for our clients, and if there isn’t an inherent problem, we recommend items that can be tweaked.” 

Wicklander’s team within FIG is uniquely positioned to address the complex needs of non-bank financial institutions. These clients often face particularly complicated financial landscapes that call for more than just standard banking services. FIG leverages deep industry knowledge and a comprehensive suite of services to create bespoke solutions that align with each client’s specific needs. For instance, FIG is currently in the process of introducing its Society for Worldwide Interbank for Financial Telecommunication (SWIFT) capabilities.  

“Old National is now one of the top 30 banks in the country by assets. When you work with larger clients, you need to meet them where they are with technology and think about how these institutions use banks”, said Wicklander when asked about SWIFT.  “It can be one bank account at one bank, or multiple bank accounts across multiple banks. The problem is that it can become difficult to transact across different banks when they have different portals. Our SWIFT product will allow us to work with larger financial institutions that have invested in the technology to work with many of the largest banks in the country.” 

To learn more about what Old National's Financial Institutions Group can do for your institution, contact Joe Wicklander at joe.wicklander@oldnational.com. To learn more about Old National go to oldnational.com.

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