Bremer Bank Grows Small Business Lending Team
St. Paul, Minn. – January 21, 2008 - Bremer Bank, a regional financial services company jointly owned by its employees and the Otto Bremer Foundation, announces the growth of its Small Business Administration (SBA) Lending team in the Twin Cities with the hire of Dale Peterson. Peterson will join the team as a vice president focused on serving small business clients.
Peterson has nearly 20 years of banking experience including working with small businesses, commercial and community clients. He most recently was a business development officer at Bank of the West in Minneapolis. Prior to that, he was with Wells Fargo Bank for 15 years.
"Dale has tremendous experience and knowledge working with small business clients," said Paul Flood, senior vice president and regional SBA manager at Bremer Bank. "He will be a great asset to our team. We look forward to having him work with many of our SBA clients as we look to take action serving all their banking and financial services needs."
Peterson has a bachelor's degree in business and economics from Colorado College in Colorado Springs, Co. He is involved with the Minneapolis Regional Chamber of Commerce, CommonBond Communities and the Minneapolis Park Youth Hockey Association.
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 2007, more than $30 million in charitable donations were given across the Bremer footprint and employees donated more than 92,900 volunteer hours to their communities.