Final days for Old National

Old National–looking to the future–spurned the NeoClassical building it had built in 1916. Apparently a few decades is about their threshold for newness. In 1967 it began plans for a new bank next door on Main St. They had the old Lincoln Hotel and several other old buildings at the corner of 5th and Main demolished.

The casualties of the 420 Main St building. All were demolished by the end of 1967 and the new Old National began construction after the new year.
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With the site cleared, construction began in earnest in 1968. The Old National building was designed by architect and real estate developer Jack W. Kelley from Tulsa, OK. The 18-story skyscraper was the tallest building in Evansville, though it was officially eclipsed by the silos at Igleheart Bros mill on First Ave.

The bank would move into the new building once completed and the old building was planned to be demolished for enclosed parking. The final complex would take up an entire quarter block and was estimated at $5 million to build. Interesting side note: the tower did include a 13th floor, often skipped in other tall buildings because of the unlucky nature.

The structure took nearly two years to build, and we were lucky to obtain several construction photos from the Clements family. As a worker at Industrial Contractors, he captured a handful of images on July 11, 1968 for his employer. The gallery below shows the tower being erected when it was about three stories tall.

Completed building c1970
The Petroleum Club which occupied the top two floors. It was the place for Evansville’s business leaders

The bank embodied a modernist architecture, but its unwelcoming lower levels had a flare toward brutalism. The monolithic structure failed to stimulate downtown business and in some ways portended the struggles of Main St in the late 90s. Old National Bank moved to its new riverfront building in 2004, and the 420 Building sat mostly vacant.

Proposed remodeling that was planned for Spring 2021 from http://www.5thandmaintower.com/

Tapped for redevelopment (shown above), the cost of renovations proved too costly. Ironically, the old 8-story bank was a more suitable size for Evansville. The new plans for redevelopment call for the pending demolition and several mixed-use buildings none higher than 6 stories.

You can say goodbye to the 420 building this Sunday with its implosion scheduled for 7am. The 5/3 Bank Building will then become the tallest building in town.