HENDERSON, Ky (WEHT) - Evansville based Old National and Bremer Financial Corportation jointly announced Monday that they entered into a definitive merger agreement. Officials state as of September 30, 2024, Bremer had $16.2 billion in total assets, $11.5 billion in total loans, and $13.2 billion in deposits, and after the partnership is completed, Old National will become the third-largest bank in the Twin Cities. In addition, the partnership e…

KVRR Local News

North Dakota

United States

Old National Bancorp To Merge With Bremer Financial

Old National is acquiring Bremer in a deal worth $1.4 billion.

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Star Tribune

Glen Taylor

Minneapolis

Hennepin County

Minnesota

Bremer Bank sale: Old National to acquire Minnesota bank

ST. PAUL (KVRR) — St. Paul-based Bremer Financial Corporation is merging with Old National Bancorp in a deal worth $1.4 billion in cash and stocks. Old National is on track to become the third-largest bank in the Twin Cities. The deal includes 70 banking centers in Minnesota, North Dakota and Wisconsin with a combined $70 billion in assets. Under the terms, each outstanding share of Bremer common stock will be converted into the right to receive…

Red River Broadcasting

TRISTATEHOMEPAGE

Nexstar Media Group

Old National to partner with St. Paul, Minnesota based Bremer Financial Corp.

Mike Hughlett at the Star Tribune is reporting St. Paul-based Bremer Financial, the second largest bank based in Minnesota, will be sold to Old National Bank for $1.4 billion, culminating a five-year saga over Bremer’s future.Sam Stroozas at MPR News reports Dionne Sims is selling Black Garnet Books, Minnesota’s first Black-owned bookstore, to friend Terresa Moses.Anna Schier at Patch reports a Connecticut couple that stole roughly $1 million in…

MinnPost

Old National acquires Bremer Financial for $1.4 billion

St. Paul, Minnesota-based Bremer Financial agreed to sell for $1.4 billion in cash and stock. It followed a yearslong legal battle between the bank and its largest shareholder that ended with a settlement this year.

American Banker

Arizent

Bremer deal adds 'crown jewel' to Old National's Twin Cities plan

(ST. PAUL, MINN) – St. Paul, Minn.-based Bremer Bank has announced they’ve been purchased, pending regulatory approval and closing. “For more than 80 years, we’ve been honored to carry out the legacy of our founder Otto Bremer. During this time, we’ve proudly served communities throughout Minnesota, North Dakota and Wisconsin. We are now writing a new chapter,” Bremer Bank President and CEO Jeanne Crain wrote in a letter to customers. “Today, we…

AM 1100 The Flag WZFG

Bremer Bank to be purchased by Old National Bank

Evansville, Ind.-based Old National Bancorp is acquiring St. Paul, Minn.-based Bremer Financial for $1.4 billion. As of Sept. 30, Bremer Financial Corp. had $16.2 billion in assets, $11.5 billion in loans and $13.2 billion in deposits. The $54 billion Old National is expected to grow to more than $70 billion in assets, becoming the third-largest bank in the Twin Cities.  The deal includes 48 branches in Minnesota; 14 in North Dakota; and eight i…

BankBeat

Indiana’s Old National Bancorp to acquire Bremer Bank

The deal would expand $54 billion-asset Old National’s presence in the upper Midwest and make it the third-largest bank in the Twin Cities.

Old National to partner with St. Paul, Minnesota based Bremer Financial Corp.

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