secwatch.observer — SEC 8-K summary
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Issuer:     OLD NATIONAL BANCORP /IN/ (ONB)
CIK:        0000707179
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001628280-25-021536
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 2.03, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707179/000162828025021536/0001628280-25-021536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707179/000162828025021536/onb-20250501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-021536

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer