Bremer Bank President and CEO Jeanne Crain announced Monday that Bremer is being purchased by Old National Bank, subject to regulatory approval and customary closing conditions. The letter from Crain is below,
For more than 80 years, we’ve been honored to carry out the legacy of our founder Otto Bremer. During this time, we’ve proudly served communities throughout Minnesota, North Dakota and Wisconsin. We are now writing a new chapter.
When our majority shareholder, Otto Bremer Trust (OBT), reaffirmed their interest in transferring ownership of Bremer, the Bremer Financial Corporation Board and OBT trustees worked collaboratively to identify an acquirer with a commitment to customers and connection to community similar to our own.
Today, we are announcing that Old National Bank is purchasing Bremer Bank, subject to regulatory approval and customary closing conditions.
Old National is committed to ensuring continuity and a smooth transition for all your banking relationship and ongoing financial needs. While our name will change, we are pleased that following the completion of the transaction, we will have expanded banking capabilities and enhanced resources to serve you.
Old National values you and your banking relationship. Please know that the team members you interact with will remain the same. This transition will take several months, and we will continue to provide updates and share additional information about Old National Bank. In the meantime, there will be no changes, so please continue to work with us as you typically do through your usual branch, relationship manager, or online via our mobile app or on bremer.com.
We will keep you updated as things move forward.
Thank you for trusting us to be your banking partner. We look forward to continuing to meet all your financial needs.
Sincerely,
Jeanne Crain President and CEO
OLD NATIONAL BANK
Old National is the sixth largest commercial bank headquartered in the Midwest and a top 30 U.S. bank. As a regional bank with approximately $53 billion in assets, they have the heart, culture and DNA of a smaller community bank. They are proud to have strong relationships with our clients and communities and an inclusive work environment that empowers our team members to deliver their best. Old National Bank is celebrating 190 years in business in 2024 and has banks in Minnesota (mainly the Twin Cities metro), Wisconsin, Michigan, Illinois, Indiana, Ohio, and Kentucky.
