Beverly Hills 1/14/2010 2:13:44 AM
News / Business

Old National Bancorp Reports $12 Million Loss From A Single Loan

Finance World News Update by EQUITIES Magazine

Financial services holding company, Old National Bancorp reported today it expects to record a $12 million loss from a single loan despite the news that non-performing loans declined nine percent overall compared with three months ago.

 

The company is due to release its fourth-quarter and full-year results of Feb 1 and attributed the loss to a deterioration in a “non-real estate loan participation” that the company held.

 

Old National stock fell 28 cents, or 3.2 percent, to $11.65.

 

About EQUITIES:

 

Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

Sign up for a free one-year subscription to EQUITIES Magazine