Old National Bank's Historic Merger: Growth, Impact, and What’s Next
The banking landscape is evolving, and few events highlight this change as dramatically as the recent merger involving Old National Bank. As trusted institutions adapt to shifting financial trends, Old National Bank stands at the forefront, driving growth and innovation while upholding its community values.
The Milestone Merger: Old National Bank and Bremer Bank
On May 1, 2025, the financial world saw a significant shift as Old National Bank finalized its merger with Bremer Bank. This deal not only cements Old National Bank's position as the third-largest bank in the Twin Cities, but also propels it into the ranks of the top 25 banking companies headquartered in the United States. The merger, valued at $1.4 billion, aims to enhance service, value, and reach for clients across Minnesota, North Dakota, and Wisconsin.
According to a detailed report from TwinCities.com, clients of both banks will continue to utilize their existing branches, websites, and mobile apps until the complete integration is finalized, expected in mid-October. This approach ensures a seamless transition for account holders, allowing uninterrupted access to the full ATM networks and ongoing support from their trusted advisors.
Strategic Benefits for Communities and Clients
The merger brings together two organizations with deep roots in relationship-based banking and local investment. Old National Bank has committed to increasing its Community Growth Plan to $11.1 billion, thereby allocating an additional $1.6 billion toward lending, investments, and philanthropy in the Midwest. As reported by GuruFocus, this commitment is already showing results through increased lending opportunities and enhanced community initiatives.
Financially, Old National Bank has demonstrated resilience, with recent quarterly performances surpassing expectations. Adjusted earnings per share reached $0.45 in Q1 2025, supported by solid loan and deposit growth and a strong capital position. The partnership with Bremer is expected to deliver even more stability and scale, providing clients with superior value and expanding the bank’s footprint in the Upper Midwest.
Integration and What to Expect Next
During the transition, Bremer Bank will operate as a division of Old National Bank. The two brands will remain active until system conversions are completed. Clients benefit by having access to a combined ATM network and ongoing support from both organizations’ teams. Leadership changes will also accompany the integration, with representatives from the Otto Bremer Trust joining the Old National board to guide future strategy.
This historic move follows years of legal disputes and negotiations, ultimately setting the stage for a new era in regional banking. For further context on the legalities and leadership changes, read this in-depth article detailing the merger's background and impact.
Looking Forward: Growth, Resilience, and a Stronger Community Focus
The expanded resources, expertise, and local commitment brought by Old National Bank are set to benefit both personal and business clients for years to come. As the merger process continues, clients can expect more robust product offerings, wider geographic coverage, and a strong commitment to responsible, community-centered banking practices.
For more on financial forecasts and future performance expectations for Old National Bancorp, check GuruFocus’s latest ONB stock news and analysis.
In summary, the merger marks a pivotal step for Old National Bank. Its focus remains on supporting communities, delivering exceptional value, and growing responsibly in an ever-changing financial landscape. If you are a current client or interested in learning more about the upcoming changes, now is the perfect time to connect with your banking team and explore the expanded opportunities ahead.