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Old National presents $25.7 million investment account to GovState board; trustees ask questions
Summary
An Old National representative told the Governors State University Board the university's actively managed investment account held $25.7 million at the end of September 2025, about $14 million less than at opening; trustees asked follow-up questions about liquidity and returns.
A representative from Old National briefed the Board of Trustees on the university's actively managed investment account, reporting that "the balance of the account as of the end of September 2025 was $25.7 million, which is about $14 million less than when the account was opened." The representative said the portfolio is invested largely in government bonds, earns rates higher than certificates of deposit, is very liquid, and does not incur fees for early liquidation in contrast to certificates of deposit.
Board members followed with questions about the account's composition and near-term liquidity needs. The presentation was delivered as an information item; trustees did not record a vote on any investment action during the open session. The presentation is documented in the Board Book materials provided to trustees prior to the meeting.
