Company: ONBPP
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001104659-25-007256
Chunk: 62

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-29
Form: S-4/A
Chunk 62
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Commercial Banking — Bremer Bank offers a full range of banking services to businesses and professionals, including deposit and savings accounts, treasury management services, as well as financing for commercial and industrial needs, owner-occupied real estate, construction and land development and non-owner-occupied income producing real estate.

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Consumer Banking — Bremer Bank offers a full range of banking services to individuals, including deposit and savings accounts as well as residential real estate loans, home equity loans and other consumer loans.

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Wealth Management — Bremer Bank specializes in helping individuals develop sound retirement strategies through investment management, retirement and estate planning, and trust services.

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Insurance Agencies — Bremer Insurance is a local, independent agency serving communities in Minnesota, North Dakota and Wisconsin. Bremer partners with an extensive network of insurance providers to deliver competitively priced insurance solutions for business, agribusiness, organizations, individuals and employees.

Bremer’s executive offices are located at 380 St. Peter Street, Suite 500, Saint Paul, Minnesota 55102. Bremer’s telephone number is (651) 964-7145 and its website is https://www.bremer.com.

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TABLE OF CONTENTS

### THE MERGERS

#### Terms of the Mergers
Each of the Old National board of directors and the Bremer board of directors has unanimously approved and adopted the merger agreement. Under the merger agreement, ONB Merger Sub will first merge with and into Bremer, 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, 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.

Under the terms and subject to the conditions set forth in the merger agreement, Bremer shareholders will receive cash and Old National common stock for each of their shares of Bremer common stock. At the effective time of the first step merger, each outstanding share of Bremer common stock (except for dissenting shares, shares of treasury stock or shares owned by Bremer, Old National or ONB Mer