Anchor Bank: Old National Acquisition Clears Key Hurdle

Evansville-based Old National Bancorp (Nasdaq: ONB) says its planned acquisition of Anchor Bancorp Inc. in Minnesota has received regulatory approval. The deal, valued at more than $300 million, remains subject to approval from Anchor shareholders in addition to other customary closing conditions. The proposed acquisition was first announced in August, at which point Old National said the deal had already received approval from the boards of directors for both companies.