Old National Bancorp. has picked Invest Financial Corp. to run its broker-dealer affiliate.[@@]
Old National, Evansville, Ind., is a midsize bank holding company with $8.9 billion in assets and 125 branches in 6 states.
Invest, Tampa, Fla., is a subsidiary of Jackson National Life Insurance Company, Lansing, Mich., which, in turn, is a subsidiary of Prudential P.L.C., London.
Old National’s 25 full-time sales representatives and 185 part-time “platform” reps will start using Invest systems to sell Invest products and services, Invest says.