Old National launches partnership to support minority businesses

Carolyn Mosby

Evansville, Ind.-based Old National Bank has launched a partnership with Bankable and the Mid-States Minority Supplier Development Council to promote and support Minority Business Enterprises.

This partnership will provide tailored, flexible financing solutions and business development resources to Mid-States MSDC certified MBEs in Indiana to ensure each entity’s future stability, growth and success.

Old National is providing $50,000 in funding to launch the partnership with an emphasis on broadening economic development and financial empowerment initiatives among diverse businesses and geographies.

“Mid-States is excited about this partnership. Providing small business loans for our council certified MBEs shows ONB and Bankable’s support of our minority businesses here in Indiana,” said Carolyn Mosby, president/CEO of Mid-States MSDC. “We look forward to growing our partnership in other areas as well.”

Established in 1976, Mid-States MSDC helps accelerate economic growth by driving opportunities and collaboration between corporations and minority businesses in central Illinois, Indiana and eastern Missouri.

“Old National is honored to collaborate with Bankable and Mid-States MSDC to offer financing and resources for MBE’s,” said Stephanie Roland, community outreach director. “We understand that many businesses have been impacted by COVID-19, and we hope this additional support will help ensure stability and growth.”

The $22 billion Old National has offices in Indiana, Kentucky, Michigan, Wisconsin and Minnesota.