Reported about 10 hours ago
Old National Bancorp, based in Evansville, Indiana, is on track to complete its $1.4 billion acquisition of Bremer Financial by midyear, bolstering its presence in the Midwest while considering additional deals amid expectations for lighter regulatory scrutiny. The bank anticipates significant growth, adding $16 billion in assets and multiple branches across North Dakota, Minnesota, and Wisconsin, while projecting loan growth of 4% to 6% despite current market challenges. Old National's financial performance has improved, with a rise in net income and total deposits, further enhanced by past acquisitions, including one in Nashville.
Source: YAHOO