Flynn Named President and CEO of Old National Bank Insurance Group

Old National Bank announced the appointment of Tom Flynn as President and CEO of ONB Insurance Group. Flynn has held the interim position since July 2005. The Insurance Group will be headquartered in the Indianapolis office.

"Tom is a proven leader in the insurance industry. Tom's stature and experience will undoubtedly guide the insurance team to continued excellence," comments Mike Hinton, Old National Bancorp Executive Vice President and COO.

Tom has a rich history in the insurance field. He began his insurance career with Continental Insurance Company and later joined Zurich Insurance Company where he held various underwriting and marketing positions. Tom entered the independent agency business in 1979 as the account executive with the J.W. Flynn Company. He previously held the position of executive vice president of the firm, which has enjoyed significant growth and expansion within the Indianapolis market.

Tom has been active in the Independent Insurance Agents of Indiana since entering the agency business. Additionally, he has served as a director for thirteen years and as a member of the Executive Committee from 1989 until 1997. He served as their president in 1992.

He was elected to serve on the Independent Insurance Agents and Brokers of America's National Board of Directors from 1994-1998. A member of their prestigious Government Affairs Committee from 1993-1996, he went on to chair this committee from 1997-2000. In 1998, Fortune magazine named this group the most effective insurance trade group on Capitol Hill. Tom is a graduate of Notre Dame and has received a number of state and local awards and holds the CPCU and AAI professional designations.

With $8.5 billion in assets, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and ranks among the top 100 banking companies in the United States. Since its founding in Evansville in 1834, Old National has focused on community banking by building long-term, highly valued relationships with clients in its primary footprint of Indiana, Illinois and Kentucky. Focused on exceeding client expectations, the Old National team of financial professionals provides a broad range of services including retail and commercial banking, wealth management, insurance, and brokerage. For more information and financial trend data, please visit the company's website at www.oldnational.com.

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.