The Federal Reserve Board approved three acquisition deals last week.
Bremer Financial Corp. of St. Paul won permission June 16 to buy Dean Financial Services Inc., which owns four banks throughout the state and is also based in St. Paul. The deal would make Bremer the 12th-largest financial institution in the Minneapolis-St. Paul area.
The Fed on June 14 approved the acquisition of Marathon National Bank of Astoria, N.Y., by Piraeus Bank SA of Athens. Piraeus has $4.6 billion of assets.
Also on June 14, the Fed approved the acquisition of First State Bank of Goodrich, N.D., by Ideal Bancshares of West Fargo, N.D. Ideal, which was formed by the owners of the Ideal Ag Corp. farm finance cooperative, plans to move First State's headquarters to West Fargo, rename the bank First Capital Bank of North Dakota, and convert the Goodrich location to a branch.
- Dean Anason