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A major farm lender, Bremer Bank has $16.2 billion in assets, $11.5 billion in loans and $13.2 billion in deposits. With Bremer's 70 branches across Minnesota, North Dakota and Wisconsin, the deal would expand Old National Bank’s presence in the upper Midwest and make it the third-largest bank in the Twin Cities.

UniCredit's deal with BancoBPM foils a possible attempt by the Italian government to see BPM, the country’s third-largest lender, grow to a size that would pose a challenge for its two larger financial institutions, Intesa Sanpaolo and UniCredit.

HSBC’s chief sustainability officer, Celine Herweijer, will step down at year-end following a corporate reshuffle that downsized the bank’s executive committee, cutting out her position.

First Foundation Inc. has appointed Thomas C. Shafer as CEO after the retirement of longtime chief Scott Kavanaugh, the company said Friday. Shafer’s résumé points to a history of leading banks that became acquisition targets, including TCF Bank.

TD named Michelle Myers as its next global chief auditor, effective Dec. 9. Myers, previously, TD’s controller and chief accountant, will replace Anita ODell, who is retiring, the bank said. 

Sen. Elizabeth Warren, D-MA, urged Federal Reserve Board officials, in a letter Tuesday, to reject a plea by Wells Fargo to lift an asset cap that has halted the bank’s growth since 2018.

Ally has promoted its chief audit executive, Stephanie Richard, to chief risk officer, the bank said Wednesday. She succeeds Jason Schugel. And Lindsay Sacknoff, previously at USAA, will join the Detroit-based bank Jan. 13 as head of deposits and Ally’s investment unit, including customer care and experience.

Emily Turner will take the helm of the HSBC unit in February, replacing Erin Platts, who announced in July she was leaving the lender to join Octopus, a venture capital firm.

The rule will allow the agency to examine and supervise the nonbank companies’ use of “vast quantities” of consumer data; how they correct errors and monitor fraud on their systems; and why they shut down apps for certain consumers, the Consumer Financial Protection Bureau said Thursday.