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Minnesota · MinnesotaEarly in my career, I remember hearing that “Bremer will never be sold; it’s owned by a foundation.” I never really understood what that meant, and of course, it turned out to be inaccurate. Old National Bancorp, which claims headquarters in both Evansville, Ind., and Chicago, completed its purchase of St. Paul-based Bremer Financial Corporation in a $1.4 billion deal on May 1. The merger creates a $70 billion bank; the Bremer name will remain u…Read Article
After legal wrangling, Otto Bremer Trust closes on sale of bank
Minnesota · MinnesotaFargo, N.D.-based Gate City Bank donated $40,000 to Anna Marie’s Alliance through the bank’s partnership with FHLB Des Moines. The central Minnesota-based nonprofit serves eight counties and offers support to domestic violence survivors and their families through emergency shelter, advocacy, safety planning and legal services. The program includes housing for up to 24 months in a four-bedroom, two-bathroom home, and can house nine individuals a…Read Article
Gate City Bank donates $40K to domestic violence support group
Mount Pleasant, Texas · Mount PleasantKalispell, Mont.-based Glacier Bancorp is expanding to Texas by acquiring Mount Pleasant-based Guaranty Bancshares in a $476.2 million, all-stock deal. The deal is expected to close in the fourth quarter of the year. The deal is the 13th for the $3.2 billion Glacier Bancorp in the past 10 years, the most recent being its planned acquisition of Bank of Idaho Holding Co. As of March 31, Guaranty Bancshares had $3.2 billion in assets, $2.1 billio…See the Story
