Old National closes Bremer merger, adds board director, assumes $61.9M debt

OLD NATIONAL BANCORP /IN/

Each Bremer share converted to 4.182 ONB shares + $26.22 cash; merger closed May 1, 2025.
Combined pro forma assets ~$70B, AUM ~$37B, making ONB a top-25 U.S. bank.
Old National assumed ~$61.9M in junior subordinated debt from Bremer.
Daniel Reardon (Otto Bremer Trust co-CEO) appointed to ONB board; board expanded to 16.
Community Growth Plan increased to $11.1B (from $9.5B), adding $1.6B in commitments.

item 2.01 item 2.03 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

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Appointed

Daniel C. Reardon

Director

ONB · OLD NATIONAL BANCORP /IN/

Effective: 2025-05-01
Filed: May 1, 2025, 7:59 PM ET

Daniel C. Reardon, was appointed by the Board to fill the vacancy resulting from the increase in the size of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel C. Reardon was appointed as Director at OLD NATIONAL BANCORP /IN/.

Action: appointed
Role: Director

Exact text from the filing

Daniel C. Reardon, was appointed by the Board to fill the vacancy resulting from the increase in the size of the Board.

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OLD NATIONAL BANCORP /IN/ filing history →

Source: SEC EDGAR

accession 0001628280-25-021536

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