Old National to merge with Bremer Financial in a $1.4bn deal.

Old National, the sixth largest commercial bank headquartered in the Midwest, agreed to merge with Bremer Financial, a privately held regional financial services company, in a $1.4bn deal. "This partnership represents an outstanding fit between two highly compatible, relationship- and community-focused banks. When you look at what has made Bremer Bank a leading institution since 1943, what you quickly find are the same strategic priorities and cultural principles that have guided Old National’s success for 190 years: a strong deposit franchise, a diversified loan portfolio accentuated by exceptional credit quality, and a passion for investing in and strengthening communities. I am incredibly confident that, through this partnership, Bremer and Old National will be even better together," Jim Ryan, Old National Chairman and CEO.