Bremer Bank Plans for Expansion in Fergus Falls with Purchase of Downtown Building
Fergus Falls, Minn. - February 14, 2008 - Bremer Bank, a regional financial services company jointly-owned by its employees and the Otto Bremer Foundation, has purchased a downtown building in Fergus Falls. The building, currently owned by Ottertail County, is located at 225 Cavour Ave. Bremer plans to open a new branch location in the building at a future date, to service the growing needs of its clients in the community.
"We are excited to expand our services for existing and future clients with the purchase of this downtown building for another convenient branch location,” said Doug Houska president for Bremer in Fergus Falls. “Bremer has been listening and meeting the needs of clients in Fergus Falls for more than 10 years and this additional downtown location demonstrates our commitment to this growing and thriving community."
Bremer will maintain its current branch location at 2330 College Way, where it offers clients banking, investments, trust and insurance services. The bank and one of its owners the Otto Bremer Foundation, have given more than $3 million dollars to nonprofit organizations in Fergus Falls and Ottertail County in the past 10 years. Additionally, employees volunteer hundreds of hours on an annual basis to organizations throughout the Fergus Falls community.
Bremer Financial Corporation
Bremer Financial Corporation is a privately-held, $7.2 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.