Company: ONBPP
Filing Date: 2025-05-01
Form Type: 8-K
Source: 0001628280-25-021536
Chunk: 0

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-05-01
Form: 8-K
Item: Item 2.01
Chunk 0
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Item 2.01

Completion of Acquisition or Disposition of Assets.

On May 1, 2025, Old National Bancorp completed its previously-announced Merger with Bremer pursuant to the Merger Agreement.

Immediately following the Merger, and also effective as of May 1, 2025, Bremer’s wholly owned banking subsidiary, Bremer Bank, National Association, merged with and into Old National’s wholly owned banking subsidiary, Old National Bank (the “ Bank Merger”), with Old National Bank continuing as the surviving bank in the Bank Merger.

Upon the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger (the “ Effective Time”), each share of Class A common stock, no par value per share, of Bremer, and each share of Class B common stock, no par value per share, of Bremer, issued and outstanding immediately prior to the Effective Time, was converted into the right to receive (i) 4.182 shares of common stock, no par value, of Old National (“ Old National Common Stock”), (ii) $26.22 in cash without interest, and (iii) cash in lieu of fractional shares.

The foregoing description of the Merger and the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement, which is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The issuance of shares of Old National Common Stock in connection with the Merger was registered under the Securities Act of 1933, as amended (the “ Securities Act”), pursuant to a registration statement on Form S-4 (File No. 333-284281) filed by Old National with the Securities and Exchange Commission (the “ SEC”) and declared effective on January 31, 2025 (the “ Registration Statement”). The proxy statement/prospectus included in the Registration Statement contains additional information about the Merger Agreement and the transactions contemplated thereby.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.