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Publicly traded Old National, headquartered in Evansville, Ind., reported its progress toward the close in a securities filing earlier this month, putting the anticipated date at May 1. Shareholders approved the deal in March. Necessary regulatory approvals came last month from the Federal Reserve and the Office of the Comptroller of the Currency.
Old National’s move to acquire Bremer came as the Indiana bank completed last year the purchase of the smaller CapStar Bank, with centers in Tennessee and North Carolina. That deal, which closed in April 2024, allowed Old National to add $3.1 billion in assets to its portfolio.
Old National spokesman Rick Vach said in a statement that Crain’s status as a distinguished banking leader “set the bar exceptionally high for what it means to exceed client expectations and strengthen and support communities.”
Crain’s strong and steady leadership set up a partnership that will enable the company to build on Bremer’s culture of community focus and outstanding service legacy, Vach said.
Crain joined Bremer in 2012. Her accomplishments include reinforcing Bremer’s brand as a leader in agricultural banking, expanding Bremer’s market share in eastern Wisconsin and navigating the financial and industry challenges of the COVID-19 pandemic.
Crain’s résumé spans 40 years in the financial services industry, including as a chief executive of Marquette Capital Bank and a regional president at BMO Harris.
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