Old National Bancorp announced on May 1, 2025, the successful closing of its previously announced merger with St. Paul, Minnesota-based Bremer Financial Corporation. This strategic partnership became effective on May 1, 2025, marking a significant expansion for Old National.
The integration of Bremer Bank substantially enhances Old National's scale and density across key markets in Minnesota, North Dakota, and Wisconsin. The combined entity now operates with approximately $70 billion of assets and $37 billion of assets under management, based on pro forma figures as of March 31, 2025.
Jim Ryan, Chairman and CEO of Old National, emphasized that the partnership represents an outstanding fit between two highly compatible, relationship- and community-focused banks. This merger solidifies Old National's position as a leading Midwest regional bank.
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