Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 1

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 1
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 Old National common stock will be issued in the mergers, and holders of Bremer common stock will be entitled to receive cash in lieu of fractional shares.

Because the merger consideration is comprised of a fixed amount of cash consideration plus a fixed amount of shares of Old National common stock for each share of Bremer common stock, the market value of the merger consideration will fluctuate with the market price of Old National common stock and will not be known at the time Bremer shareholders vote on the merger agreement. Based on the closing stock price of Old National common stock on the NASDAQ Stock Exchange, as reported by The Wall Street Journal , of $23.58 as of January 28, 2025, the value of the per share merger consideration payable to holders of Bremer common stock was approximately $124.83 as of such date. We suggest that you obtain a current market quotation for Old National common stock, which is currently traded on the NASDAQ Stock Exchange under the trading symbol “ONB”.

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.

The merger agreement will be voted on at a special meeting of Bremer shareholders, which will be held virtually via the Internet on Friday, March 7, 2025, at 8:00 a.m. Central Time. Holders of Bremer common stock as of the close of business on January 24, 2025, the record date for the meeting, are entitled to notice of, and to vote at, the special meeting to approve and adopt the merger agreement as described in this proxy statement/prospectus. Bremer shareholders as of the record date will also be asked to approve an adjournment of the special meeting, if necessary or appropriate, as described in this proxy statement/prospectus.

The trustees of the Otto Bremer Trust have entered into a trustee voting agreement with Old National, and each of the directors of Bremer (other than the trustees of the Otto Bremer Trust, who have separately entered into the trustee voting agreement) has entered into a director voting agreement with Old National. In accordance with these voting agreements, the trustees and directors have agreed to vote “

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