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Photo by Richard Hurd

Wisconsin Union: A Summer to Remember at the Memorial Union Terrace with Return of Free Terrace Programming and Debut of Limited Time Restaurant

FOR IMMEDIATE RELEASE
June 3, 2021

Contact Information:
Shauna Breneman, Communications Director
Email: sbreneman@wisc.edu
Phone: (608) 262-8862

A SUMMER TO REMEMBER AT THE MEMORIAL UNION TERRACE WITH RETURN OF FREE TERRACE PROGRAMMING AND DEBUT OF LIMITED TIME RESTAURANT

MADISON – Free film showings, music performances and art activities as well as a new, limited time dining experience will provide Terrace-goers with experiences for a lifetime at the Memorial Union Terrace.

Terrace season events will begin with Terrace Art Zone, a series of free art projects hosted by the Wisconsin Union’s Wheelhouse Studios. Patrons can take part in printmaking on June 9, weaving on June 23, mobile-making on Aug. 4, and object marbling on Aug. 18 from 5-7 p.m. or while supplies last. In the case of inclement weather, Art Zone will occur at Wheelhouse Studios, located on the lower level of Memorial Union. Wheelhouse will also host its annual, free group paint night on the Terrace, called Paintacular, on Sept. 6 from 3-5 p.m. or while supplies last. Space for these events is available on a first come, first served basis.

Wheelhouse also offers DIY art activities, art classes, group events, and studio space by reservation at Memorial Union.

Free, live music on the Memorial Union Terrace’s UW Credit Union Stage will begin June 11 with a lineup that includes the following events:

  • Beo Quartet, June 11 at noon
  • Pat McCurdy, June 11 at 7 p.m.
  • Donna Woodall and Marquis Hill, June 19 at 7 p.m.
  • Cork ‘n Bottle String Band, June 24 at 7 p.m.
  • Don’t Mess with Cupid, July 2 at 7 p.m.
  • Bear in the Forest, Deryk G. and Sylvie Lou, July 10 at 7 p.m.
  • Handphibians, July 15 at 7 p.m.
  • Steely Dane, July 23 at 7 p.m.
  • Telethon and Half Catholic, July 31 at 7 p.m.
  • To be announced artists with performances presented as part of the Sugar Maple Music Festival, Aug. 5 at 7 p.m.

Terrace music programming, with the exceptions of Donna Woodall’s and Marquis Hill’s performances, is presented by the Wisconsin Union Directorate (WUD) Music Committee, one of 11 University of Wisconsin–Madison student-run committees and six clubs at the Wisconsin Union. Union committees and clubs present hundreds of events each year while gaining hands-on leadership experiences.

Donna Woodall’s and Marquis Hill’s performances are part of the Madison Jazz Festival and are presented by the Wisconsin Union Theater in collaboration with Arts + Literature Laboratory.

The WUD Film Committee will host free film showings, called Lakeside Cinema, on the Terrace’s UW Credit Union Stage, beginning June 14 with a lineup that the Committee calls, “Seriously Summer.” All “Seriously Summer” screenings will begin at 9 p.m. The film showing schedule includes the following:

  • “Dazed and Confused,” June 14
  • “Finding Nemo,” June 28
  • “Raiders of the Lost Ark,” July 12
  • “Do the Right Thing,” July 26
  • “Lilo and Stitch,” Aug. 9
  • “Wet Hot American Summer,” Aug. 23

In the case of inclement weather on a film showing or live music event date, the performance or film showing on that date will be canceled. Student leaders and Union team members may add additional events to the Terrace season lineup throughout the summer. For the most up-to-date events list, guests can visit TerraceSummer.com. Seating during live music and film showings is available on a first come, first served basis.

While this marks the return of regularly scheduled, in-person Wisconsin Union events, the Union has held hundreds of virtual and some limited-capacity, in-person events since COVID-19-related public health and safety guidelines began. While the Union opened the Terrace for summer 2020, due to public health guidelines, the Union did not hold Terrace season events in 2020.

Free programming and providing student leadership opportunities through events have been Wisconsin Union traditions for more than 90 years. With its events, activities, services and its buildings Memorial Union and Union South, the Union’s team members and student leaders work to create inclusive, welcoming spaces where all belong and to provide exceptional leisure and recreation opportunities.

“We couldn’t be more excited to bring events back to the Terrace,” said Heidi Lang, Wisconsin Union associate director for social education. “After a year in which we connected mostly through virtual events, the chance to experience events alongside others again is a glimpse of normalcy and hope and something we will never take for granted.”

The Wisconsin Union dining team will also host a new, limited time dining experience, called the Sunset Lounge & Restaurant. This reservations-only dining will take place Thursday-Saturday from 4-11 p.m. beginning June 17.

The restaurant’s menu options include a variety of shareable dishes, such as house-made hummus with vegetables and zaatar pita and 16-inch pizzas, such as the buffalo chicken pizza with roasted garlic, buffalo sauce, bleu cheese, chicken, red onion, mozzarella cheese and a ranch drizzle. Guests can also order a crème brûlée as well as a variety of beverages.

Reservations for each week will open the Monday before each week’s Thursday-Saturday dining opportunities. Guests can book two-hour reservations for one to six people at a table. Twenty-five tables will be available. Sunset Lounge & Restaurant tables and seating will be located outside of the Sunset Lounge on the Terrace. This concept is presented in part thanks to sponsorship support from Dean Health Plan, a member of SSM Health.

Purchases at the Wisconsin Union’s markets, cafes and restaurants as well as Wisconsin Union membership purchases help the Union team provide its buildings, services, events, activities and student leadership opportunities. As an organization operating without taxpayer dollars, this support is crucial to the Union’s ability to continue to provide experiences for a lifetime, as it has done for more than 100 years in Madison, Wis.

In addition to the Union’s usual rigorous cleaning practices, current COVID-19-related health and safety practices at Memorial Union include reduced capacity, increased cleaning of frequently touched surfaces and shared spaces, and providing table self-cleaning stations and hand sanitizer stations.

Patrons can visit TerraceSummer.com for information about Terrace summer programming, current health and safety information, and other Terrace operations details.

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About the Wisconsin Union

The Wisconsin Union enhances the lives of members and visitors through recreational, cultural, educational and social opportunities. Formed in 1907, the Wisconsin Union is a membership organization that blends study and leisure to create unique out-of-classroom opportunities. Learn more about the Union and its tradition of providing experiences for a lifetime: union.wisc.edu.  

To read this release online, visit union.wisc.edu/about/news/2021-terrace-events.

Photo by Richard Hurd

WPS and Kiio team up to tackle pain

FOR IMMEDIATE RELEASE

Contact:
DeAnne Boegli
Vice President of Communications
608-977-7343
deanne.boegli@wpsic.com

Dara Shulman
Head of Marketing
608-467-4617
dshulman@kiio.com

WPS and Kiio team up to tackle pain
WPS offers Kiio’s digital musculoskeletal (MSK) care to employees and employer groups to reduce pain and its associated costs

MADISON, Wis.—June 3, 2021—WPS Health Insurance, one of the largest benefits providers in Wisconsin, has partnered with Kiio to offer digital musculoskeletal (MSK) care to its employees and self-insured employer groups. As COVID-19 has accelerated the demand for virtual health care and digital solutions, WPS sees Kiio as a key part of its strategy to innovate with technology-based solutions that keep its customers as healthy as possible. WPS chose Kiio for its customer-focused approach, proven clinical and financial outcomes, and depth of experience working with health plans.

“WPS is committed to providing solutions to our customers that both increase the quality of their lives and tackle the rising cost of health care,” says Dr. Jonah Fox, WPS Medical Director. “Kiio allows WPS to offer customers a simple, effective, evidence-based solution to prevent and manage musculoskeletal pain while also providing  them with greater flexibility in how and where they receive care.”

With Kiio, customers can immediately access pain relief without appointments, medications or invasive diagnostics and procedures. Kiio combines clinical protocols and technology to deliver on-demand, personalized therapeutic exercise, education and interactive virtual coaching. Kiio’s AI dynamically adapts the program to customer feedback—personalizes secure messages, proactively coaches with in-app alerts, monitors progress and advances customers as they feel better. Available 24/7 with just a smart device, Kiio enables customers to choose when and where their MSK program works best for them, including choosing live 1:1 Care Team support if or when customers want it.

“Kiio’s customer-centric approach matches how WPS builds care around our customers’ needs,” mentions Jim Baird, Executive Vice President of WPS Health Insurance. “During COVID we’ve seen customers who have needed to put off appointments, including orthopedics and physical therapy. Offering Kiio enables WPS to get proactive in getting customers moving and in controlling MSK spend, a significant cost driver for our employer groups and for plans and employers across the nation.”

Kiio has a proven track record of delivering value—both short- and long-term—to its members and its health plan and employer clients. More than 60% of members have less pain within one week of using Kiio, and 92% say they would recommend Kiio to a friend. Kiio has completed four longitudinal claims-data studies with clients, which demonstrated between 42% and 72% lower medical spend within a year and up to 87% lower opioid use for those who used Kiio.

Kiio CEO Lydia Zeller is enthusiastic about the outcomes WPS and Kiio will achieve in their collaboration. “Kiio values WPS’ dedication to its members’ care and its innovative approach to population health,” said Zeller. “We look forward to the impact WPS and Kiio can have in reducing pain, improving productivity and curbing MSK costs in serving WPS’ employees and as a WPS benefit offered to self-funded employer groups.”

About WPS Health Insurance

As one of the largest health benefits providers in the state, Wisconsin Physicians Service Insurance Corporation (WPS Health Insurance) remains not-for-profit and offers high-quality health plans to the public and private sectors. Headquartered in Madison, Wis., WPS Health Insurance has more than 3,400 employees. WPS Health Insurance offers Preferred Provider Organization health plans for individuals and groups, third-party administrator services, plus Medicare supplement plans and Medicare prescription drug plans. Visit wpshealth.com for more information.

About WPS Health Plan

WPS Health Plan, Inc. (WPS Health Plan) is a fresh choice in a crowd of big, impersonal, national health insurance giants. Based in Green Bay, Wis., WPS Health Plan continues its tradition of Wisconsin-based service and is always looking for ways to make owning and using health insurance easier. WPS Health Plan offers Health Maintenance Organization and Point-of-Service plans to the group and individual markets in eastern and north-central Wisconsin, plus third-party administrator services. Visit wpshealth.com/healthplan for more information.

About Kiio

Kiio is changing the way employers, health plans and members manage musculoskeletal (MSK) pain. With Kiio members can immediately take control of their pain and improve function of their back, knees, neck, and hips. No waiting on shipped sensors or scheduling triage calls. Everything that members need is available 24/7 via mobile app. Members receive personalized, progressive exercise therapy, education and digital support with access to 1:1 coaching. Convenient, easy-to-use, inclusive and scalable, Kiio’s evidence-based solution is proven to drive better outcomes at lower costs. Claims-based studies show Kiio significantly reduces pain, opioid use and medical spend while improving function, productivity, and quality of life. Learn more at Kiio.com.

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Photo by Richard Hurd

Naviant, Inc. Acquires Business Process Automation Provider in Syracuse, NY

Media contact:
Jenifer Hein | +1 888.686.4624 | JHein@Naviant.com

Naviant, Inc. Acquires Business Process Automation Provider in Syracuse, NY

SYRACUSE, N.Y.; VERONA, Wis.; MIDDLEBURG HEIGHTS, Ohio; OREM, Utah June 1, 2021 Naviant, Inc., a leading provider of intelligent automation solutions by Hyland, Kryon Systems, and ABBYY, announced today that it signed an agreement to acquire Continuum Systems’ OnBase division. Continuum Systems is a business process automation provider based in Syracuse, New York, and a licensed reseller of OnBase by Hyland.

As a top Hyland partner, Naviant has been named an OnBase Platinum and Diamond Support partner consistently year after year with a thriving and happy client base. “We are committed to providing the same outstanding support and delivery of services our clients have grown to expect, and we look forward to personally welcoming Continuum Systems clients and staff into the Naviant community,” said Michael Carr, President & CEO, at Naviant.

“Hyland is in full support of this acquisition, and we see Naviant as an exemplary model of a partner that provides excellent delivery and support to their clients. Recently, Naviant was honored by Hyland as the Top Customer Growth Partner of the Year and  #1 Partner in Marketing Excellence,” said Eric Miller, Assistant Vice President of Channel Sales at Hyland.

David Lyons, Owner & CEO of Continuum Systems, said, “Our core values of integrity and client success have helped our OnBase clients grow and succeed through their digital transformation journeys. I am happy to say that as a leading partner in the industry, Naviant shares these same values and brings expanded capabilities in intelligent capture and robotic process automation (RPA) technology.”

Michael Carr added, “We are very excited to expand our footprint east and combine Continuum Systems powerful customer base and talent with Naviant’s strong commitment to excellent support and delivery for our clients.”

About Naviant
Business processes and solutions that empower better and faster decisions are what we do best. As a nationally recognized intelligent automation solutions integrator and business process consulting organization with over 30 years of experience headquartered in Verona WI, our clients do more with less by streamlining processes and gaining visibility into the information they need to make better decisions. As a long-standing key partner of Hyland, Naviant helps organizations operate more efficiently using Hyland’s OnBase enterprise information platform, Brainware intelligent capture platform, the Hyland Cloud, and Hyland RPA, as well as the ABBYY intelligent capture and Kryon RPA platforms. Naviant’s “process-first” approach brings focus to the importance of process improvement prior to implementing best-in-class enterprise content management (ECM) solutions and technology. Naviant is a top-tier partner for Hyland’s OnBase, an enterprise information platform for managing content, processes, and cases, that combines ECM, case management, business process management (BPM), records management, compliance, and capture functionality on a single platform. In addition, Naviant also partners with Kryon Systems for Robotic Process Automation (RPA) technology to enable organizations to drive business agility and efficiency by offloading repetitive high-volume work to a digital workforce (aka software robots). To learn more about Naviant, visit Naviant.com. Process focus. Excellence.

Photo by Richard Hurd

Old National and First Midwest Announce Merger to Create a Premier Midwestern Bank

Media Contacts:

Public Relations:
Kathy Schoettlin
812-465-7269

Community Relations:
Kate Miller
812-461-9378

Investor Relations:
Lynell Walton
812-464-1366

Old National and First Midwest Announce Merger to Create a Premier Midwestern Bank

  • $45 billion in total assets and $34 billion in total deposits
  • Unlocks immediate scale and positions for continued in-market growth
  • Accelerates opportunities to strengthen communities and drive positive change
  • Transaction expected to close in late 2021 or early 2022

Evansville, Ind. and Chicago, Ill. June 1, 2021 –Old National Bancorp (“Old National”) (NASDAQ: ONB) and First Midwest Bancorp, Inc. (“First Midwest”) (NASDAQ: FMBI), jointly announced today they have entered into a definitive merger agreement to combine in an all-stock merger of equals transaction with a total market value of $6.5 billion to create a premier Midwestern bank with $45 billion in combined assets.

With nearly 270 combined years of service and a shared commitment to Midwestern values, Old National and First Midwest are two organizations driven by a customer-centric approach to banking, an unwavering commitment to community and a strong focus on corporate social responsibility, making the combined entity the premier choice for employees, clients and shareholders.

Under the terms of the merger agreement, which has been unanimously approved by the Boards of Directors of both companies, First Midwest stockholders will receive 1.1336 shares of Old National common stock for each share of First Midwest common stock they own. Following completion of the transaction, former First Midwest stockholders are expected to collectively represent approximately 44% of the combined company. The new organization will operate under the Old National Bancorp and Old National Bank names, with dual headquarters in Evansville, Indiana and Chicago, Illinois. Michael Scudder, Chairman and CEO of First Midwest Bancorp, will serve as the Executive Chairman and Jim Ryan, Chairman and CEO of Old National Bancorp, will maintain his role as CEO.

Additional leadership positions for the combined entity include:

  • Mark Sander, President and Chief Operating Officer (First Midwest)
  • Jim Sandgren, CEO of Commercial Banking (Old National)
  • Brendon Falconer, Chief Financial Officer (Old National)
  • Kendra Vanzo, Chief Administrative Officer (Old National)
  • Kevin Geoghegan, Chief Credit Officer (First Midwest)
  • Thomas Prame, CEO of Community Banking (First Midwest)
  • Chady AlAhmar, CEO of Wealth Management (Old National)

The complete executive leadership team is expected to be announced prior to close.

The Board of Directors of the combined company will have 16 directors, consisting of 8 directors from Old National and 8 directors from First Midwest. Becky Skillman, lead independent director for Old National, will retain this position in the combined company.

“First Midwest and Old National are two relationship-focused financial institutions that have rich histories, extremely compatible cultures and a shared commitment to helping our clients achieve financial success,” said Michael Scudder, Chairman and CEO of First Midwest. “As a combined organization, we will be in an even stronger position to invest, grow and innovate in talent, capabilities and services that will enhance an already superior client experience and further set us apart as a market leader not only in Chicago but across the Midwest.”

“First Midwest’s leadership team and colleagues not only mirror the Old National mission, values and culture, they also offer exceptional consumer and commercial banking services,” said Old National Chairman and CEO Jim Ryan. “We are confident that the powerful synergies, additional market coverage and financial strength this partnership creates will drive long-term shareholder value, and we are excited about combining the outstanding legacies of two strong, client- and community-focused organizations.”

Delivering Exceptional Value to Clients, Employees and Communities

Strategic benefits of the merger include:

  • Strengthened market position: The combined organization will create the sixth largest bank headquartered in the Midwest, with a presence in six of the largest Midwestern MSAs, strong commercial banking capabilities, a robust retail footprint and a significant wealth platform. The two banks have virtually no service area overlap, limiting disruption.
  • Top-tier commercial and community bank: With a larger balance sheet, more diverse geographic footprint and deeper product suite, the combined company will have increased capability to serve both existing and new clients and compete with the largest banks in the region.
  • Digital and technology capabilities: The combined organization creates the scale and profitability to accelerate digital and technology capabilities to drive future investments in consumer, wealth management and commercial banking services.
  • Culture and employee focus: From First Midwest’s multiple recognitions as a Best Place to Work to Old National’s 10-year run as one of the World’s Most Ethical companies, the combined institution will remain committed to fostering a strong culture of collaboration and trust, empowering its employees to flourish.
  • Community engagement: The merger enables the combined entity to build on both organizations’ longstanding history of service, enhance its ability to champion community initiatives and drive positive change throughout its footprint.

Delivering Financially Compelling Benefits to Shareholders

  • Significant earnings per share accretion to both companies in 2022: ~22% GAAP EPS accretion to Old National and ~35% GAAP EPS accretion to First Midwest, assuming fully phased in cost savings and excluding merger charges.
  • Top quartile pro forma profitability: The combined company is expected to generate an ROATCE of ~15% in 2022, assuming fully phased in cost savings.
  • Modest tangible book value per share earnback: ~3.2 years under the crossover method.

Timing

The transaction is expected to close in late 2021 or early 2022 subject to customary closing conditions, including regulatory and shareholder approvals.

Transaction Advisors

Keefe, Bruyette & Woods, A Stifel Company, served as exclusive financial advisor and Squire Patton Boggs (US) LLP acted as legal advisor to Old National.

J.P. Morgan Securities LLC served as exclusive financial advisor and Sullivan & Cromwell LLP acted as legal advisor to First Midwest.

Joint Investor Call

Management of both Old National and First Midwest will hold a conference call at 10:00 A.M. (CT) on Tuesday, June 1, 2021, to discuss their partnership. The live audio web cast of the call, along with the corresponding presentation slides, will be available on Old National’s and First Midwest’s Investor Relations web pages at oldnational.com and firstmidwest.com respectively, as well as the following url: https://services.choruscall.com/links/onb210601.html.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the largest bank holding company headquartered in Indiana. With $23.7 billion in assets, it ranks among the top 100 banking companies in the U.S. and has been recognized as a World’s Most Ethical Company by the Ethisphere Institute for 10 consecutive years. Since its founding in Evansville in 1834, Old National Bank has focused on community banking by building longterm, highly valued partnerships and keeping our clients at the center of all we do. This is an approach to business that we call The ONB Way. Today, Old National’s footprint includes Indiana, Illinois, Kentucky, Michigan, Minnesota and Wisconsin. In addition to providing extensive services in retail and commercial banking, Old National offers comprehensive wealth management, investment and capital market services. For more information and financial data, please visit Investor Relations at oldnational.com.

About First Midwest
First Midwest (NASDAQ: FMBI) is a relationship-focused financial institution and one of the largest independent publicly traded bank holding companies based on assets headquartered in Chicago and the Midwest, with approximately $21 billion of assets and an additional $14 billion of assets under management. First Midwest Bank and First Midwest’s other affiliates provide a full range of commercial, treasury management, equipment leasing, consumer, wealth management, trust and private banking products and services. The primary footprint of First Midwest’s branch network and other locations is in metropolitan Chicago, southeast Wisconsin, northwest Indiana, central and western Illinois, and eastern Iowa. Visit First Midwest at firstmidwest.com.Cautionary Note Regarding Forward-Looking Statements

This release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to First Midwest’s and Old National’s beliefs, goals, intentions, and expectations regarding the proposed transaction, revenues, earnings, loan production, asset quality, and capital levels, among other matters; our estimates of future costs and benefits of the actions we may take; our assessments of probable losses on loans; our assessments of interest rate and other market risks; our ability to achieve our financial and other strategic goals; the expected timing of completion of the proposed transaction; the expected cost savings, synergies and other anticipated benefits from the proposed transaction; and other statements that are not historical facts.

Forward-looking statements are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “should,” “will” and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. These forward-looking statements include, without limitation, those relating to the terms, timing and closing of the proposed transaction.

Additionally, forward-looking statements speak only as of the date they are made; First Midwest and Old National do not assume any duty, and do not undertake, to update such forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise. Furthermore, because forward-looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those indicated in such forward-looking statements as a result of a variety of factors, many of which are beyond the control of First Midwest and Old National. Such statements are based upon the current beliefs and expectations of the management of First Midwest and Old National and are subject to significant risks and uncertainties outside of the control of the parties. Caution should be exercised against placing undue reliance on forward-looking statements. The factors that could cause actual results to differ materially include the following: the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the definitive merger agreement between First Midwest and Old National; the outcome of any legal proceedings that may be instituted against First Midwest or Old National; the possibility that the proposed transaction will not close when expected or at all because required regulatory, shareholder or other approvals are not received or other conditions to the closing are not satisfied on a timely basis or at all, or are obtained subject to conditions that are not anticipated (and the risk that required regulatory approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the proposed transaction); the ability of First Midwest and Old National to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the common stock of either or both parties to the proposed transaction; the possibility that the anticipated benefits of the proposed transaction will not be realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where First Midwest and Old National do business; certain restrictions during the pendency of the proposed transaction that may impact the parties’ ability to pursue certain business opportunities or strategic transactions; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management’s attention from ongoing business operations and opportunities; the possibility that the parties may be unable to achieve expected synergies and operating efficiencies in the merger within the expected timeframes or at all and to successfully integrate First Midwest’s operations and those of Old National; such integration may be more difficult, time consuming or costly than expected; revenues following the proposed transaction may be lower than expected; First Midwest’s and Old National’s success in executing their respective business plans and strategies and managing the risks involved in the foregoing; the dilution caused by Old National’s issuance of additional shares of its capital stock in connection with the proposed transaction; effects of the announcement, pendency or completion of the proposed transaction on the ability of First Midwest and Old National to retain customers and retain and hire key personnel and maintain relationships with their suppliers, and on their operating results and businesses generally; and risks related to the potential impact of general economic, political and market factors on the companies or the proposed transaction and other factors that may affect future results of First Midwest and Old National; uncertainty as to the extent of the duration, scope, and impacts of the COVID-19 pandemic on First Midwest, Old National and the proposed transaction; and the other factors discussed in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of each of First Midwest’s and Old National’s Annual Report on Form 10-K for the year ended December 31, 2020, in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of each of First Midwest’s and Old National’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, and in other reports First Midwest and Old National file with the U.S. Securities and Exchange Commission (the “SEC”).

Additional Information and Where to Find It

In connection with the proposed transaction, Old National will file a registration statement on Form S-4 with the SEC. The registration statement will include a joint proxy statement of First Midwest and Old National, which also constitutes a prospectus of Old National, that will be sent to First Midwest’s and Old National’s shareholders seeking certain approvals related to the proposed transaction. The information contained herein does not constitute an offer to sell or a solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Investors and security holders of First Midwest and Old National and their respective affiliates are urged to read, when available, the registration statement on form S-4, the joint proxy statement/prospectus to be included within the registration statement on Form S-4 and any other relevant documents filed or to be filed with the SEC in connection with the proposed transaction, as well as any amendments or supplements to those documents, because they will contain important information about First Midwest, Old National and the proposed transaction. Investors and security holders will be able to obtain a free copy of the registration statement, including the joint proxy statement/prospectus, as well as other relevant documents filed with the SEC containing information about First Midwest and Old National, without charge, at the SEC’s website (http://www.sec.gov). Copies of documents filed with the SEC by First Midwest will be made available free of charge in the “Investor Relations” section of First Midwest’s website, https://firstmidwest.com/, under the heading “SEC Filings.” Copies of documents filed with the SEC by Old National will be made available free of charge in the “Investor Relations” section of Old National’s website, https://www.oldnational.com/, under the heading “Financial Information.”

Participants in Solicitation

First Midwest, Old National, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction under the rules of the SEC. Information regarding First Midwest’s directors and executive officers is available in its definitive proxy statement, which was filed with the SEC on April 13, 2021, and certain other documents filed by First Midwest with the SEC. Information regarding Old National’s directors and executive officers is available in its definitive proxy statement, which was filed with the SEC on March 8, 2021, and certain other documents filed by Old National with the SEC. Other information regarding the participants in the solicitation of proxies in respect of the proposed transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC. Free copies of these documents, when available, may be obtained as described in the preceding paragraph.

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Photo by Richard Hurd

Kraus-Anderson begins construction of new Winston Knolls School in Elgin, Ill.

FOR IMMEDIATE RELEASE

Contact:
Gail Shore
(612) 770-4106
Shore to Shore Communications, Inc.
gshore@winternet.com

Kraus-Anderson begins construction of new Winston Knolls School in Elgin, Ill.
School designed for special needs students with autism

ELGIN, Ill.  (May 2021) –  Kraus-Anderson (KA) Madison has begun construction on a new $2 million school committed to specialized education programming and professional services for children with autism. The Winston Knolls Foundation purchased the school for its supported organization, The Winston Knolls School. The new school is located at 1500 Executive Drive in Elgin, Ill.

Tucked in a quiet neighborhood on 2.5 acres, the new school’s layout and building flow have been purposefully planned for the needs of its students and staff. Winston Knolls School will include three courtyards, an activities field space and a specifically designed playground inside the walls of the exterior courtyard. The building also will have advanced safety and security features.

Designed by Haley Bender Patton & Been Architects, the unique architecture of the 18,176-square-foot building will provide students and staff with total privacy without sacrificing natural light.  Every classroom faces an exterior courtyard, with sliding glass doors to allow access to the private exterior courtyard so students can be close to nature and green space without sacrificing privacy or security.

The second floor will include a dedicated gymnasium and a large, flexible multipurpose space that can be configured for adapted physical education activities, after-school events and celebrations.

The new site also features a private parking lot without through traffic, and with student drop-off and pick-up in a safer closed-loop system.

The new Winston Knolls School will be operational to begin the 2022-2023 school year.

The Winston Knolls School is one of dozens of major K-12 construction projects KA will work on this year during its “Summer Sprint,” a critical, concentrated time during the summer months when school is not in session and when crews can perform work that ranges from new school construction to upgrades to deferred maintenance projects.

KA continues to lead the field of regional education construction projects and is currently ranked 12th in the nation in the construction of K-12 facilities by Building Design and Construction magazine.  Over the past five years, KA has completed over $1 billion in K-12 projects.   KA’s comprehensive school construction services include facility analysis and budget approaches, leading to informed and successful referendum initiatives.

COVID-19: KRAUS-ANDERSON’S COMMITMENT TO JOB SAFETY

As the world continues to deal with and adapt to the unprecedented challenges of the COVID-19 pandemic, Kraus-Anderson’s top priority remains safety. The company has implemented stringent social distancing practices and other elevated safety protocol on construction job sites, details of which can be found at https://www.krausanderson.com/about/kraus-anderson-responds-to-covid-19/​.

About Kraus-Anderson

Established in 1897, Kraus-Anderson® Construction Company (www.krausanderson.com) is one of the nation’s premier commercial general contractors and construction managers. Kraus-Anderson, an Equal Opportunity & Affirmative Action employer, is headquartered in Minneapolis, Minn. and has regional offices in Madison, Wis., Bismarck, N.D., and Duluth, Bemidji and Rochester Minn.

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