Company: ONBPP
Filing Date: 2025-03-24
Form Type: 8-K
Source: 0001628280-25-014504
Chunk: 0

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-03-24
Form: 8-K
Item: Item 8.01
Chunk 0
---
Item 8.01 Other Events.

As previously announced, on November 25, 2024, Old National Bancorp (“ Old National”), Bremer Financial Corporation (“ Bremer”) and ONB Merger Sub, Inc., a wholly-owned subsidiary of Old National, entered into an Agreement and Plan of Merger (the “ Merger Agreement”), according to which, and upon the terms and subject to the conditions set forth therein, Old National will acquire Bremer (the “ Holding Company Transaction”). Immediately following the Holding Company Transaction (or at such later time as Old National may determine), Bremer Bank, National Association, a wholly-owned subsidiary of Bremer (“ Bremer Bank”), will merge (the “ Bank Merger”) with and into Old National Bank, a wholly-owned subsidiary of Old National, with Old National Bank continuing as the surviving bank in the Bank Merger, all in accordance with an Agreement and Plan of Merger between Bremer Bank and Old National Bank (the “ Bank Merger Agreement”).

On March 5, 2025, the Federal Reserve Bank of St. Louis approved the Holding Company Transaction, and on March 19, 2025, the Office of the Comptroller of the Currency approved the Bank Merger. The shareholders of Bremer approved and adopted the Merger Agreement at a special meeting of Bremer’s shareholders held on March 7, 2025. The Holding Company Transaction and the Bank Merger are currently expected to be completed on May 1, 2025, subject to the satisfaction of customary closing conditions set forth in the Merger Agreement and the Bank Merger Agreement.

The Merger Agreement is described in more detail in Old National’s Current Report on Form 8-K filed with the U. S. Securities and Exchange Commission (the “ SEC”) on November 25, 2024.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this Current Report on Form 8-K constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934 and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements include, but are not limited to, statements regarding the outlook and expectations of Old National with respect to the Holding Company Transaction and the Bank Merger and the