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Bremer ousts two trustees from corporate board, but both remain in charge of philanthropy Frederick Melo © Provided by Twin Cities Pioneer Press The downtown St. Paul Bremer Bank branch is seen in an undated courtesy photo, circa September 2020. (Courtesty of Bremer Bank) Shareholders with the Bremer Financial Corporation voted Thursday to oust two members of their parent company, the Otto Bremer Trust, one of the state’s oldest philanthropies, from the corporation’s board of directors. The two members were not replaced. Popular Searches Instead, the size of what had be...

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. Written By: Frederick Melo / St. Paul Pioneer Press | 12:15 pm, Apr. 29, 2021 × ST. PAUL — On the day before a decisive vote that could ...

Bremer fight flares as bank board tries to boot trustees The bank board votes not to renominate the two.  February 22, 2021 — 6:20pm Text size Copy shortlink: The fight over control of Bremer Financial Corp., Minnesota's fourth-largest bank, flared Monday when trustees from the charity that owns the bank were asked to resign from its board of directors and refused. The rest of the board voted not to nominate them for re-election at the firm's annual meeting this spring. The move appears likely to push the two Otto Bremer Trust tr...

Otto Bremer Trust awards $6.9M to area organizations In North Dakota and the Red River region, the Otto Bremer Trust invested in 130 organizations totaling $6,954,650. In the Fargo-Moorhead area alone, 46 organizations received $2,194,400. Written By: Forum staff reports | 11:24 am, Feb. 16, 2021 × FARGO -- The Otto Bremer Trust awarded $71.3 million in grants and program-related investments in 2020 to more than 900 organizations in Minnesota, Montana, North Dakota and Wisconsin. In North Dakota and the Red River region, the Otto Bremer Trust invested in 130 organizatio...

Minnesota Attorney General files appeal in Otto Bremer Trust case Last week, Attorney General Keith Ellison filed a legal appeal with the Minnesota Court of Appeals seeking the temporary removal of Otto Bremer Trust trustees Brian Lipschultz, Daniel Reardon and Charlotte Johnson. Written By: Frederick Melo / St. Paul Pioneer Press | 2:48 pm, Jan. 16, 2021 × The Minnesota Attorney General’s office has revived its legal effort to force the three trustees of one of the state’s oldest and largest philanthropies to step down pending a civil trial. Last week, Attorney Gen...