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How to Order (or Reorder) Checks
Order checks in several convenient ways: by phone, on the web, at a Banking Center, via Client Care, or through Online Banking (reorders only). Click to get started.
2,227 results found
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Planning a Major Home Renovation? 3 Smart Ways to Finance It
Careful planning is key to keeping your project on track and avoiding unpleasant financial surprises along the way.
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5 Tax Strategies for Small-Business Owners
Small-business owners are increasingly being congratulated for their contributions to the economy. They create jobs, provide much-needed services, promote diversity and put money back into their communities. Yet, those same business owners often are so busy with their day-to-day pursuits that they neglect their own fin
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7 Year-End Wealth Moves
As we get close to the end of the year, you still have time to improve your financial position with a few well-placed year-end moves.
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Five Ways Companies Can Leverage Artificial Intelligence To Boost Company Diversity And Inclusion
Recent advancements in the field of Artificial Intelligence (AI) have allowed organizations to increase workplace productivity, further streamline
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National Financial Awareness Day: Expanding Opportunity Through Financial Education
By Ben Joergens, Director of Financial Empowerment, Old National Bank National Financial Awareness Day is a reminder of the important role financial
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Succession planning: A CIO imperative
As far as professional development goes, Sarah Naqvi’s meteoric rise to executive vice president and CIO at Maryland-based food service company
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Tariffs And Inflation Affect Summer Travel Plans, New Survey Says
As the summer travel season looms, nearly half of Americans say tariffs are disrupting their travel plans, according to a new consumer survey.
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Welcoming Access: Introducing Braille Debit Cards
Old National Bank is proud to announce an exciting option to better serve its visually impaired clients: as of September 18, 2025, clients can request
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Why Working Virtually Is Great For Businesses
During this unprecedented global health crisis, many companies around the world are operating remotely to protect employees and prevent the spread of the coronavirus. With a vaccine still in development, this new way of working will likely continue for the foreseeable future. While it takes some getting used to and com
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What are the replacement rates for LIBOR?
Although options for replacing LIBOR continue to evolve, Old National has currently identified the following potential replacement options for our clients:
- Secured Overnight Financing Rate (SOFR)
- Term SOFR
The Secured Overnight Financing Rate or SOFR is the replacement benchmark recommended by the New York Federal Reserve’s Alternative Reference Rate Committee (ARRC). (See references below for more information on the work of the ARRC.) SOFR is derived from transactions that are executed in the overnight repurchase agreement (repo) market. These transactions are executed between banks and other intermediaries and are often collateralized by US Treasury securities. The market for SOFR is very deep and liquid with nearly $1 trillion in underlying transactions executed daily.
While SOFR has been identified as the replacement index for LIBOR, there are multiple calculation methodologies which have been developed given that SOFR is a daily rate. The CME Term SOFR Reference Rates benchmark is a daily set of forward-looking interest rate estimates based on the SOFR futures contracts. CME Term SOFR Reference Rates are calculated and published for 1-month, 3-month, 6-month and 12-month tenors. Like LIBOR, CME Term SOFR Reference Rates are forward-looking, and the rate is set at the beginning of the period and interest is paid in arrears.