Associated Bank, Old National could be interested in Bremer Financial, Stephens says
11/11/2024 20:48
** Brokerage Stephens says Associated Bank ASB.N and Old
National Bancorp ONB.O are two Midwest banks that might be
interested in Bremer Financial, as both lenders have branches in
the Minneapolis market
** Canadian lender Bank of Montreal BMO.TO is another
logical buyer given its presence in Minneapolis - Stephens
** Bloomberg News on Friday reported that Saint Paul,
Minnesota-based Bremer Financial is exploring a potential sale
** Privately held Bremer had $16 bln in assets as of June 30
** Stephens sees less interest from super regional banks
given Bremer's size
** Dealmaking has been picking up in recent months among
banks with less than $50 bln in assets as they look to better
compete against biggest rivals
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))