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Old National Bancorp partners with Bremer Financial Corporation for a definitive merger agreement

Nov 25, 2024•over 1 year ago

Contract Type

partnership

EvansvilleFinancial ServicesFinanceLendingBanking

Description

Old National Bancorp and Bremer Financial Corporation have announced a definitive merger agreement, where Old National will become the third-largest bank in the Twin Cities and expand its reach into vibrant markets throughout Minnesota, North Dakota, and Wisconsin. The new organization is expected to have over $70 billion in assets and offer enhanced resources to serve customers.

Company Information

Company

Old National Bank

Location

Evansville, Indiana, United States

About

Old National Bancorp is the holding company of Old National Bank, which is the sixth largest commercial bank headquartered in the Midwest. With approximately $49 billion of assets and $29 billion of assets under management, Old National ranks among the top 30 banking companies headquartered in the U.S. Tracing our roots to 1834, Old National Bank has focused on community banking by building long-term, highly valued partnerships with clients and in the communities it serves. In addition to providing extensive services in retail and commercial banking, Old National offers comprehensive wealth management, investment, and capital market services.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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