Bremer Bank

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.

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

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

• Community banking
• Personal banking
• Commercial lending
• Wealth management
• Treasury management

Headquarters

HQ city

Minnesota City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. 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

Core 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.

Named customers1 record

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Arthur J. Gallagher & Co.minorOthers · 9 September 2025Arthur 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

Market position

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/bremerbank
• Facebookfacebook.com/info
• LinkedInlinkedin.com/company/bremer-bank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bremer Bank