Old National Bank appoints Katie Florig as President and Tom Weizenegger as Chief Investment Officer of its 1834 division.
Quiver AI Summary
Old National Bank has appointed Katie Florig as President and Tom Weizenegger as Chief Investment Officer of its division 1834, which specializes in tailored wealth advisory and investment management services for high-net-worth clients and institutions. Florig, previously Regional Executive for Chicagoland, will oversee the strategic growth of the wealth advisory and trust business, leading a team of experienced advisors. Weizenegger, formerly the Managing Director of Investment Management, will guide investment professionals in creating customized portfolios. CEO Chady AlAhmar expressed enthusiasm for these appointments, highlighting their alignment with Old National's commitment to succession planning and investment in wealth management. Old National, a prominent commercial bank in the Midwest, emphasizes community engagement and has been recognized for its civic contributions.
Potential Positives
- Old National Bank demonstrates commitment to leadership development by appointing Katie Florig as President and Tom Weizenegger as Chief Investment Officer of 1834, reflecting their focus on succession planning and organizational alignment.
- The establishment of the 1834 division positions Old National to enhance their wealth management services for high-net-worth individuals and institutions, potentially attracting new clients and increasing market share.
- Old National’s recognition as one of “The Civic 50” for the third consecutive year highlights its commitment to corporate social responsibility and elevates its reputation in the community.
Potential Negatives
- Appointment of Katie Florig and Tom Weizenegger may indicate a lack of external talent infusion, raising concerns about innovation and fresh perspectives in leadership.
- Highlighting significant leadership changes without addressing previous performance or challenges faced by 1834 may raise doubts about the division's current stability and future direction.
- The investment risks associated with 1834's services are emphasized, which could deter potential clients from engaging with their wealth management offerings.
FAQ
Who has been named President and Chief Investment Officer at 1834?
Katie Florig is the new President and Tom Weizenegger is the Chief Investment Officer at 1834, a division of Old National Bank.
What services does 1834 offer to clients?
1834 provides customized wealth advisory, investment management, estate planning, private banking, and specialized services for high-net-worth individuals and institutions.
What is the strategic focus of Katie Florig's new role?
Katie Florig will focus on the strategic growth of the wealth advisory and trust estate business as President of 1834.
What responsibilities does Tom Weizenegger hold as Chief Investment Officer?
As Chief Investment Officer, Tom Weizenegger leads a team to deliver investment guidance across asset allocation, manager research, and portfolio management.
How does Old National Bank rank among U.S. banks?
Old National Bank is the sixth largest commercial bank in the Midwest and ranks among the top 25 banking companies in the U.S.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ONB Insider Trading Activity
$ONB insiders have traded $ONB stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $ONB stock by insiders over the last 6 months:
- NICHOLAS J CHULOS (Chief Legal Officer & Corp Sec) sold 20,000 shares for an estimated $533,192
- CHADY M. ALAHMAR (CEO, WEALTH MANAGEMENT) sold 11,771 shares for an estimated $310,843
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$ONB Revenue
$ONB had revenues of $886.1M in Q2 2026. This is an increase of 13.63% from the same period in the prior year.
You can track ONB financials on Quiver Quantitative's ONB stock page.
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$ONB Hedge Fund Activity
We have seen 230 institutional investors add shares of $ONB stock to their portfolio, and 189 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- OLD NATIONAL BANCORP /IN/ removed 41,206,111 shares (-96.5%) from their portfolio in Q2 2026, for an estimated $1,067,238,274
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 4,882,814 shares (+inf%) to their portfolio in Q2 2026, for an estimated $126,464,882
- CHANNING CAPITAL MANAGEMENT, LLC added 3,464,700 shares (+inf%) to their portfolio in Q2 2026, for an estimated $89,735,730
- VERITION FUND MANAGEMENT LLC removed 2,621,182 shares (-51.3%) from their portfolio in Q2 2026, for an estimated $67,888,613
- JPMORGAN CHASE & CO added 2,569,891 shares (+inf%) to their portfolio in Q2 2026, for an estimated $66,560,176
- BLACKROCK, INC. added 2,145,036 shares (+4.8%) to their portfolio in Q2 2026, for an estimated $55,556,432
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC removed 2,124,622 shares (-35.7%) from their portfolio in Q2 2026, for an estimated $55,027,709
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$ONB Price Targets
Multiple analysts have issued price targets for $ONB recently. We have seen 6 analysts offer price targets for $ONB in the last 6 months, with a median target of $28.0.
Here are some recent targets:
- Jared Shaw from Barclays set a target price of $31.0 on 07/07/2026
- Brian Foran from Truist Securities set a target price of $28.0 on 04/23/2026
- Christopher Mcgratty from Keefe, Bruyette & Woods set a target price of $28.0 on 04/23/2026
- Brandon Rud from Stephens & Co. set a target price of $29.0 on 04/23/2026
- David Chiaverini from Jefferies set a target price of $25.0 on 04/22/2026
Full Release
EVANSVILLE, Ind., Sept. 09, 2026 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bank (“Old National”) has named Katie Florig as the next President and Tom Weizenegger as the next Chief Investment Officer of 1834, a division of Old National.
1834 is a boutique-style experience with integrated, customized wealth advisory and investment management services for high-net-worth individuals and institutions, including:
- Wealth Planning;
- Investment Management;
- Trust & Fiduciary Services;
- Estate Planning & Administration;
- Private Banking;
- Specialized Services, including Business Succession Planning, Executive Compensation Planning and Philanthropy Services; and
-
Institutional Services for businesses and nonprofits, including Investment Management, Retirement Plan Services,
1
Corporate Trust Services and Philanthropy & Endowment Services.
In her role as President of 1834, Katie Florig is responsible for the strategic growth of the wealth advisory and trust and estate business. She will lead a tenured team of wealth advisors and trust officers throughout the Old National footprint. Prior to this role, she served as the 1834 Regional Executive for the Chicagoland region.
In his role as Chief Investment Officer, Tom Weizenegger will lead a team of investment professionals and portfolio managers who bring together the firm’s investment guidance across asset allocation, manager research, and security selection to build portfolios that are tailored to achieve client objectives. Prior to this role, he served as 1834’s Managing Director of Investment Management.
“I am energized with how we continue to strengthen our Wealth Management business,” said Chady AlAhmar, CEO of Wealth Management at Old National. “These new leadership announcements reflect our commitment to thoughtful succession planning, organizational alignment, and continued investment in the future of Wealth Management. I am excited about the opportunities ahead and confident that Katie and Tom will help us continue delivering exceptional outcomes for our clients and team members.”
Learn more about 1834 at 1834.com .
Bios
Chady AlAhmar
Katie Florig
Tom Weizenegger
Photos: Individual photos available upon request.
ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $74 billion of assets and $41 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at
oldnational.com
. In 2026, Points of Light named Old National to “The Civic 50” for the third consecutive year
–
an honor recognizing the 50 most community-minded companies in the United States
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and also named Old National the Financials Sector Leader among nominated banks and financial services organizations.
ABOUT 1834
1834, a division of Old National Bank is a boutique-style firm that offers integrated, customized wealth advisory and investment management services for high-net-worth individuals and institutions. The service model for 1834 includes a single point of contact with a tenured wealth advisor paired with direct consultation from an expanded team of in-house wealth professionals, including trust officers, financial planners, private bankers and portfolio managers. 1834 has offices throughout the Midwest and Southeast as well as Naples, Fla., and Scottsdale, Ariz., and boasts more than 100 team members. For more information, visit 1834.com.
Investment instruments utilized by 1834 are not insured by the FDIC nor any other government agency, are not deposits or other obligations of 1834, Old National Wealth Management, Old National Bank, its parent company or affiliates, and involve investment risk including the possible loss of principal invested.
1 Advisory services are offered through 1834 Investment Advisors Co., an SEC registered investment advisor and a wholly owned subsidiary of Old National Bancorp. The custodial/trustee services are offered through 1834, a division of Old National Bank.
Media Relations:
Rick Vach
(904) 535-9489
[email protected]