Commercial Banking

Elizabeth Di ColaHead of ESOP Finance


8750 W Bryn Mawr Ave
Suite 1300
Chicago, Illinois 60631


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About Elizabeth Di Cola

Years with Old National

2019 (Originally with First Midwest Bank)

College Attended

Law degree from University of California, Berkeley Law, Undergraduate degree from University of Illinois, Urbana-Champaign

Areas Served

Chicago, Nationwide

Areas of Specialty


Elizabeth offers more than 30 years of experience in corporate finance, law, and banking to her work with ESOP owned Middle Market companies. She began her finance career structuring and syndicating tax advantaged corporate finance vehicles. She left the financial services field to attend law school at the University of California at Berkeley, where she served on the law review and published an often-cited article on Employee Retirement Income Security Act (ERISA) damages. Her private law practice focused on ERISA fiduciary litigation and employee benefits matters. She also served as a supervising attorney for the Cook County Public Guardian's Office, where she represented the interests of children and adolescents in the child welfare system.

In early 2008, Elizabeth returned to the financial services arena, combining her experience in complex tax advantaged financings with her ERISA expertise as a banker focused on lending to ESOP owned middle market companies. Prior to joining Old National Bank (through First Midwest Bank) in mid-2019, she held leadership roles on the ESOP finance teams of two commercial banks.

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