Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 7

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 7
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 be important to you with respect to the mergers or the Bremer special meeting. Additional important information is also contained in the documents attached to or incorporated by reference into this proxy statement/prospectus. See “Where You Can Find More Information” for more details.**

**Q:**

#### What are the mergers?
A:

Old National Bancorp (“Old National”), Bremer Financial Corporation (“Bremer”) and ONB Merger Sub, Inc. (“ONB Merger Sub”) have entered into an Agreement and Plan of Merger, dated as of November 25, 2024 (the “merger agreement”). Under the merger agreement, ONB Merger Sub will first merge with and into Bremer (the “first step merger”), with Bremer as the surviving corporation in the first step merger as a wholly-owned subsidiary of Old National. Immediately following the first step merger, and as part of a single, integrated transaction, Bremer will then merge with and into Old National (the “second step merger” and together with the first step merger, the “mergers”), with Old National as the surviving corporation in the second step merger. Immediately following the second step merger, or at a later time as determined by Old National, Bremer’s wholly-owned banking subsidiary, Bremer Bank, a national banking association, will merge with and into Old National’s wholly-owned banking subsidiary, Old National Bank, a national banking association, with Old National Bank as the surviving bank (the “bank merger”).

As a result of the foregoing, based on the number of shares of Bremer Class A common stock and Bremer Class B common stock (together, the “Bremer common stock”) outstanding as of the date of the merger agreement, Old National expects to issue approximately 50.2 million shares of Old National common stock to Bremer shareholders upon completion of the mergers, which will result in current Bremer shareholders owning approximately 13.59% of outstanding Old National common stock.

The mergers cannot be completed unless the merger agreement is approved and adopted by the affirmative vote of a majority of the voting power of all shares of Bremer common stock entitled to vote thereon. The closing of the mergers is also subject to the receipt of approvals of the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, and the satisfaction of the other conditions specified in the merger agreement.

Q:

Why am I receiving this proxy statement/prospectus?

A:

We are sending this proxy statement