
Old National Bancorp to Merge with Bremer Financial Corporation
Key Highlights:
- Merger Details: Old National to acquire Bremer in a $1.4 billion deal, valued at $116.76 per share.
- Market Impact: Combined assets to exceed $70 billion, with 70 banking centers in Minnesota, North Dakota, and Wisconsin.
- Community Expansion: Old National becomes the third-largest bank in the Twin Cities region, bolstering presence in vibrant Midwest markets.
- Shareholder Note: Otto Bremer Trust to hold an 11% ownership stake in Old National.
Source: Globe Newswire
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