Evansville-based Old National Bank, fresh off its merger with First Midwest Bank, is lauching a new venture: a boutique-style banking experience with "integrated, customized wealth advisory and investment management services."

The new division of Old National will be called 1834, a reference to the year the bank was founded. The company made the announcement Wednesday morning.

1834 will be under the diirection of Chady AlAhmar, Jim Steiner and Joe Colianni, who have more than 80 years of combined experience.

The division will focus on wealth planning, investment management, trst and fudiciary services, estate planning and adminstration, private banking, specialized business services and institutional services for businesses and non-profits.

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“As we completed our transformative merger last year, senior leaders of the wealth management division focused on integrating the very best of each legacy company’s wealth-related services in order to expand offerings and ensure that we serve clients even more effectively as a combined company,” said Jim Ryan, CEO of Old National. “The result of that process was the formation of 1834, and with it, comes a broader investment platform and a much deeper focus on wealth planning − all while delivering the same exceptional service our clients have come to expect.”

1834 has offices throughout the Midwest in addition to newly added locations in Nashville, Tennessee, and Scottsdale, Arizona, and boasts nearly 100 team members. 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.

“This integrated team of experts – collectively devoted to pursuing the client’s goals – ensures no opportunity is missed, and every challenge is faced with the client’s personal interests in mind,” said Chady AlAhmar, CEO of Old National Wealth Management. “That’s what makes 1834 different. We have tailored, holistic services that readily compete with those of ultra-high-net-worth firms and independent investment and advisory firms; yet we don’t require the lavish ‘entry fee’ that often comes with them.”

Shares of ONB were trading at $17.86 on NASDAQ as of 10:30 a.m. Wednesday morning.

This article originally appeared on Evansville Courier & Press: Old National Bank has launched 1834 division