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Board designates Old National Bank as district depository and authorized investor after Bremer sale
5900113 · September 23, 2025
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Summary
Owatonna School Board authorized Old National Bank as a depository and as an authorized investor for district assets, a procedural change prompted by Bremer Bank's sale to Old National; board clarified Old National will be one of several institutions authorized for investments.
The Owatonna School Board on Sept. 22 designated Old National Bank as a depository for district funds and authorized the bank to invest district assets, a procedural step required by Bremer Bank's sale to Old National.
Dr. Champa told the board the change ordinarily would be handled at the board's…
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