US EditionBremer has merged with Old National. What happens now?
- Old National Bancorp and Bremer Financial Corp. Completed their $1.4 billion merger closing on May 1, 2025.
- The merger followed a legal settlement earlier in 2025 resolving disputes between Bremer trustees and its board over a possible hostile takeover via voting shares.
- Bremer will operate as a division of Old National, maintaining 70 branches across Minnesota, North Dakota, and Wisconsin until a planned systems conversion in mid-October 2025.
- Old National plans to boost its five-year lending, investment, and philanthropic efforts in Bremer’s regional markets by approximately $1.6 billion, raising the total from $9.5 billion to $11.1 billion.
- Following the merger, Old National becomes the third-biggest bank serving the Twin Cities and ranks within the top 25 banking institutions headquartered in the United States, while the Otto Bremer Trust retains an 11% ownership interest and secures a seat on Old National’s board of directors.
20 Articles
20 Articles
Pine Journal
Bremer has merged with Old National. What happens now?
ST. PAUL — The deal has closed, the merger is complete. Publicly traded Old National Bancorp of Chicago and Evansville, Indiana, announced on Thursday, May 1, the closing of its previously announced $1.4 billion merger with St. Paul-based Bremer Financial Corp. The privately held Bremer Financial Corp. is the bank-holding company for Bremer Bank, which was founded in 1943 by German immigrant Otto Bremer, whose philanthropic trust owned the finan…
Old National Completes Closing of Bremer Bank Partnership | City-County Observer
EVANSVILLE, IND. (NASDAQ: ONB) – Old National Bancorp (“Old National”) today announced the closing of its previously-announced merger with St. Paul, Minnesota-based Bremer Financial Corporation (“Bremer”), the bank holding company for Bremer Bank, as of May 1, 2025. “This partnership represents an outstanding fit between two highly compatible, relationship- and community-focused banks,” said Old National Chairman and CEO Jim Ryan. “We are extre…
Coverage Details
Bias Distribution
- 67% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
