Bremer Bank
Bremer Bank was a regional community bank serving retail and SMB customers across Minnesota, North Dakota, and Wisconsin through 70 branches, offering personal banking, commercial lending, wealth management, and insurance. Acquired by Old National Bancorp for $1.4 billion in May 2025.
- Company typePrivate
- Founded1943
- HeadquartersMinnesota City, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Bremer Bank does
Bremer Bank was a regional community bank operating under the legal entity Bremer Financial Corporation, founded in 1943 and headquartered in Minnesota. The bank provided a full suite of traditional banking services including personal checking and savings, home mortgages, commercial lending, treasury management, wealth management, and insurance products to retail and small-to-mid-size business customers across Minnesota, North Dakota, and Wisconsin. Its go-to-market was relationship-led and community-focused, leveraging 70 physical branch locations across the Upper Midwest combined with digital banking channels to serve its customer base.
The company operated on standard regional banking infrastructure with no disclosed proprietary technology, no AI or ML capabilities, and no public API surface. Its revenue model centered on interest income from loans and securities, non-interest income from banking services, wealth management fees, and insurance commissions — primarily a spread-based, recurring revenue model typical of community banks. Customer segments were horizontally distributed across individual consumers and SMBs, with a horizontal segmentation approach and no named enterprise anchor clients.
In May 2025, Bremer Financial Corporation was acquired by Old National Bancorp for $1.4 billion, making the combined entity the third-largest bank in the Minneapolis-St. Paul market by deposits and adding 70 branches and over 1,000 employees to Old National's network. CEO Jeanne Crain and several executives departed upon closing. Subsequently, in September 2025, Arthur J. Gallagher & Co. acquired Bremer Insurance Agencies, Inc., the insurance subsidiary that had transferred to Old National through the Bremer transaction. Bremer Bank as an independent operating entity no longer exists; its operations have been fully absorbed into Old National Bank.
Bremer Bank firmographics
Firmographics- Name
- Bremer Bank
- Legal name
- Bremer Financial Corporation
- Website
- https://bremer.com
- Company type
- Private
- Founded year
- 1943
- Operating status
- Acquired
- Headcount range
- 1,001–5,000 employees
- Short description
- Bremer Bank was a regional community bank serving retail and SMB customers across Minnesota, North Dakota, and Wisconsin through 70 branches, offering personal banking, commercial lending, wealth management, and insurance. Acquired by Old National Bancorp for $1.4 billion in May 2025.
- Ownership category
- akta.pro rank
Bremer Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industry
- Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)
Keywords
Where Bremer Bank is headquartered
LocationHeadquarters
- HQ city
- Minnesota City
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Bremer Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Traditional Banking Services: Bremer Bank generated revenue through interest income on loans and securities, non-interest income from banking services, wealth management fees, and insurance commissions prior to acquisition.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels1 record
Bremer Bank product offering
Product offeringCore offering
Bremer Bank was a regional community bank offering personal banking (checking, savings, mortgages, home equity, credit cards), small business and commercial banking, treasury management, and wealth management services to individuals and businesses across Minnesota, North Dakota, and Wisconsin. It also distributed insurance brokerage products through its wholly-owned subsidiary Bremer Insurance Agencies. The institution was acquired by Old National Bancorp in May 2025 for $1.4 billion and now operates as part of the larger Old National Bank platform.
Product overview
Old National Bank operates as a full-service banking platform offering personal banking (checking, savings, home loans, credit cards), business banking (small business and commercial banking, treasury management), and wealth management services. Following the May 2025 acquisition of Bremer Financial Corporation for $1.4 billion, the bank expanded to become the third-largest bank in the Minneapolis-St. Paul market, adding 70 branches and over 1,000 employees. The combined entity integrates banking and wealth management through collaborative team approaches.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking and Savings Accounts
- Home Loans and Mortgage Lending Residential mortgages, home equity loans, and home equity lines of credit (HELOCs) for consumers purchasing or refinancing homes in the Upper Midwest.
- Small Business Banking Business checking and savings accounts, small business lending, and merchant services tailored to small business owners in the Upper Midwest.
- Commercial Banking and Lending Commercial lending, lines of credit, and full-service commercial banking for mid-sized businesses, served by commercial bankers across the Upper Midwest.
- Treasury Management (ONPointe) Cash management, payments, and treasury management services including ONPointe Treasury and ONPointe Essentials for business clients to manage liquidity, payables, and receivables.
- Wealth Management and Private Banking Wealth advisory, investment management, private banking, financial planning, and Bremer Investment Services for affluent individuals, families, and business owners, with LPL Financial as strategic partner.
- Insurance Brokerage (Bremer Insurance Agencies) Property and casualty, personal, and commercial insurance brokerage services delivered through Bremer Insurance Agencies, Inc., a wholly-owned subsidiary serving clients in the Upper Midwest.
- Digital and Online Banking Online and mobile banking services including Zelle, mobile check deposit, bill pay, card controls, and digital account access for consumer and business customers.
Companies that use Bremer Bank
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles3 records
Bremer Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Bremer Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Arthur J. Gallagher & Co.minorArthur J. Gallagher & Co. acquired Bremer Insurance Agencies, a subsidiary of Old National Bancorp, serving clients in Minnesota, North Dakota, and Wisconsin. The transaction aimed to expand Gallagher's retail brokerage offerings in the Upper Midwest.
Scale indicators4 records
Recent moves5 records
Expansion highlights3 records
Bremer Bank competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Bremer Bank social profiles
Digital presenceBremer Bank compliance and trust
Trust signalCompliance1 record
Bremer Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bremer Bank leadership team
Management profileNumber of profiles
Profiles8 records
Bremer Bank subsidiaries and ownership
Company hierarchySubsidiaries1 record
Bremer Bank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bremer Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bremer Bank
What does Bremer Bank do?
Bremer Bank was a regional community bank offering personal banking (checking, savings, mortgages, home equity, credit cards), small business and commercial banking, treasury management, and wealth management services to individuals and businesses across Minnesota, North Dakota, and Wisconsin. It also distributed insurance brokerage products through its wholly-owned subsidiary Bremer Insurance Agencies. The institution was acquired by Old National Bancorp in May 2025 for $1.4 billion and now operates as part of the larger Old National Bank platform.
Is Bremer Bank a public or private company?
Bremer Bank is a private company. It is classified as corporate owned and is currently acquired.
When was Bremer Bank founded?
Bremer Bank was founded in 1943. It employs 1,001 to 5,000 people.
Where is Bremer Bank based?
Bremer Bank is headquartered in Minnesota City, United States, in the North America region.
How does Bremer Bank make money?
One revenue line is on record: traditional Banking Services.
Does Bremer Bank have an API?
No public API is recorded for Bremer Bank.
What industry is Bremer Bank in?
Bremer Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABAAAI, Small Business Banking (Microbusiness/Sole Proprietor). Its NAICS code is 52211 and its SIC code is 6021.