Judge allows Bremer Financial to oust two trustees from corporate board
Bank officials have said trustees’ efforts to sell voting shares in the corporation to out-of-state investors would set the bank up for a forced sale and leave a consumer-minded farm lender in the hands of aggressive East Coast investors. The trustees have said a sale could net millions of dollars for the philanthropy, which would benefit the region as a whole.
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Frederick Melo / St. Paul Pioneer Press | 12:15 pm, Apr. 29, 2021 ×
ST. PAUL On the day before a decisive vote that could oust them, two trustees of one of Minnesota’s oldest philanthropies were dealt a legal setback on Wednesday, April 28, in their efforts to remain on the board of the Bremer Financial Corp. The board oversees St. Paul-based Bremer Bank.
$100,000 Otto Bremer grant will help Montana Red Cross replace aging blood storage equipment
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Area Nonprofits Get Over $250,000 from Otto Bremer Trust
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