Stay updated with breaking news from Robert Awsumb. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
BMO Harris made a non-binding offer for Bremer in August 2019. Trustees also discussed a possible sale with Old National Bank and Huntington Bancshares.
In opening salvos, state attorneys say Bremer trustees put themselves over the charity they lead. Their attorney says their attempt to sell Bremer Financial to benefit the charity is "reasonable."
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 ...
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...