Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 93

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 93
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 are necessary or advisable to consummate the transactions contemplated by the merger agreement (including the mergers and the bank merger), and to comply with the terms and conditions of all such permits, consents, approvals and authorizations of all such regulatory agencies and governmental entities. These include the approvals from the Federal Reserve and the OCC. In furtherance of the foregoing, each of Old National and Bremer agreed to use its reasonable best efforts to resolve any objection that may be asserted by any governmental entity with respect to the merger agreement or the transactions contemplated thereby.

Under the terms of the merger agreement, nothing in the merger agreement will be deemed to require Old National or Bremer to take any action or agree to any condition or restriction that would reasonably be expected to have a material adverse effect on Old National and its subsidiaries, taken as a whole, after giving effect to the mergers.

The regulatory approval of an application means only that the regulatory criteria for approval have been satisfied or waived. It does not mean that the approving authority has determined that the consideration to be received by Bremer shareholders in the mergers is fair. Regulatory approval does not constitute an endorsement or recommendation of the mergers by the applicable regulatory agency.

Old National and Bremer believe that the mergers do not raise regulatory concerns and that they will be able to obtain all requisite regulatory approvals. However, there can be no assurance that all regulatory approvals will be obtained and, if obtained, there can be no assurances regarding the timing of the approvals or the companies’ ability to obtain the approvals on satisfactory terms. In addition, there can be no assurance that such approvals will not impose conditions or requirements that, individually or in the aggregate, would or could reasonably be expected to result in a materially burdensome regulatory condition or to have a material adverse effect on the financial condition, results of operations, assets or business of Old National following the completion of the mergers.

#### Federal Reserve and the OCC
The mergers are subject to the approval of the Federal Reserve under Section 3 of the BHC Act. The bank merger is subject to the approval of the OCC under section 18(c) of the Federal Deposit Insurance Act (the “Bank Merger Act”) and Section 215a-1 of the National Bank Act (12 U.S.C. § 215a-1). In connection with the bank merger, Old National Bank is also applying for the OCC’s approval to operate Bremer Bank’s main office and branches as licensed branches of Old National Bank under the Bank Merger Act, Sections 36