Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 12

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 12
---
 proposal.

Q:

Will the value of the merger consideration change between the date of this proxy statement/prospectus and the time the mergers are completed?

A:

Yes. 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 value of the merger consideration will fluctuate based upon the market value of Old National common stock. Any fluctuation in the market price of Old National common stock after the date of this proxy statement/prospectus will change the value of the shares of Old National common stock that Bremer shareholders will receive.

Based on the $26.22 in cash without interest and 4.182 shares of Old National common stock that each share of Bremer common stock would receive in the mergers, and the closing stock price of Old National common stock on the NASDAQ Stock Exchange, as reported by The Wall Street Journal , of $[ ] as of [ ], 2025, the latest practicable trading day before the date of this proxy statement/ prospectus, the value of the per share merger consideration payable to holders of Bremer common stock was approximately $[ ] as of such date.

Similar to virtually all publicly-traded stock, the trading price of Old National common stock will continue to change. We suggest that you obtain current market quotations for Old National common stock, which is currently traded on the NASDAQ Stock Exchange under the trading symbol “ONB”.

<div align='center'>2</div>

TABLE OF CONTENTS

Q:

Does Old National pay regular dividends on its shares of common stock?

A:

Yes. Old National has traditionally paid a quarterly dividend on its shares of common stock. The payment of dividends is subject to approval by the Old National board of directors as well as legal and regulatory restrictions and safety and soundness considerations. Any payment of dividends in the future will depend, in large part, on Old National’s earnings, capital requirements, financial condition, and other factors considered relevant by its board of directors.

Old National declared quarterly cash dividends of $0.14 per share on its common stock in each of 2024, 2023, 2022, and 2021. The amount of quarterly cash dividends paid on shares of Old National common stock is subject to change based on the quarterly dividend amounts approved by the Old National board of directors.

Q:

What are the U.S. federal income tax consequences of the mergers to Bremer shareholders?

A:

The parties intend for the