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AI brief of an SEC Form 8-K · Old National Bank (ONB)

Old National completes Bremer Financial merger effective May 1, 2025

Neutral Impact 5 of 5 m&a Written later

Old National Bancorp completed its merger with Bremer Financial Corporation on May 1, 2025, and Bremer Bank merged into Old National Bank. Each Bremer share was converted into 4.182 Old National common shares, $26.22 in cash, and cash in lieu of fractional shares, and Old National assumed about $61.9 million of Bremer's junior subordinated debt. The filing does not include updated financial results for the combined company.

Key points

  • Each Bremer Class A and Class B share converted into 4.182 Old National common shares plus $26.22 in cash
  • Old National assumed about $61.9 million in aggregate principal of junior subordinated debt due June 1, 2036
  • Board expanded from 15 to 16 directors; Daniel C. Reardon appointed to fill the vacancy and to the Audit Committee
  • Systems conversion is anticipated in mid-October 2025; Community Growth Plan commitment raised from $9.5 billion to $11.1 billion

The filing

CompanyOld National Bank (ONB)
Form8-K, current report
Filed with the SECMay 1, 2025, 4:15 PM ET
Accession number0001628280-25-021536

Items reported: 2.01 Acquisition or Disposition Completed2.03 New Direct Financial Obligation5.02 Director / Officer Change5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.