Bremer Expands Nonprofit Banking Team
Minneapolis, Minn. – November 29, 2007 – Bremer Bank, a regional financial services company jointly owned by its employees and the Otto Bremer Foundation, recently added to its nonprofit banking team with the hires of Chad Faul and Erick Maki. Faul and Maki will serve as nonprofit banking officers working directly with nonprofit clients in the Twin Cities Metro Area.
“Chad and Erick have extensive backgrounds working with nonprofit organizations,” said Ron Zweber, senior vice president in nonprofit banking at Bremer. “We look forward to having their knowledge, financial expertise and passion on our team as we take action to serve our nonprofit banking clients.”
Faul joins Bremer from U.S. Bank where he was a portfolio manager and credit analyst in the Health Care/Nonprofit division in St. Louis, Mo. Prior to that, he served as a financial institutions examiner for the North Dakota Department of Financial Institutions. Faul has a bachelor's of business administration degree with majors in financial management and banking and financial economics from the University of North Dakota.
Maki joined Bremer in 2005 as a credit analyst in commercial lending. Prior to that, he was a mortgage loan administrator at Thrivent Financial and a senior commercial loan analyst at NorthMarq Capital Inc. Maki has a bachelor's degree in finance from Winona State University and is currently pursuing a master's degree in business administration from St. Mary's University of Minnesota. He volunteers with Habitat for Humanity, Salvation Army and House of Charity.
Bremer Financial Corporation
Bremer Financial Corporation is a privately-held, $7.0 billion regional financial services company jointly owned by its employees and the Otto Bremer Foundation. This unique ownership structure is the only one of its kind in the nation. Founded in 1943 by Otto Bremer, the company is headquartered in St. Paul, Minnesota and provides a comprehensive range of banking, investment, trust and insurance services to more than 100 locations in Minnesota, North Dakota and Wisconsin. Company profits are distributed in the form of charitable grants by the Otto Bremer Foundation to communities served by Bremer. In 2006, more than $30 million in charitable donations were given across the Bremer footprint and employees donated nearly 76,000 volunteer hours to their communities.