Bremer combatants have spent $36 million on legal battle
Bremer's CEO testified she wanted to preserve founder's vision for a "community" bank.
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Bremer's CEO testified she wanted to preserve founder's vision for a "community" bank.
The October 2019 announcement that thrust the Bremer dispute into the public eye likely "destroyed value," CEO Jeanne Crain said.
Jeanne Crain, who has led Minnesota's No. 4 bank since 2016, rejected allegations that the company's conflict with trustees shaped by her job and finances.
Through summer 2019, Otto Bremer Trust trustee Brian Lipschultz tried to attract buyers for Bremer Financial and do it in a way a skeptical trustee could accept.
Junior Achievement North recently decided to return a $1.2 million grant from Otto Bremer Trust after being asked to support trustees in their legal battle with the state and Bremer Financial.