Bremer Bank Opens New Branch in Oak Park Heights
Oak Park Heights, Minn. - April 16, 2008 - Bremer Bank, a regional financial services company jointly-owned by its employees and the Otto Bremer Foundation, recently celebrated the grand opening of its new Stillwater area bank location. The new bank building is located at 5990 Nova Scotia Avenue North, off Highway 36 near Lowe's.
The new bank covers 4,500 square feet and included three drive-up lanes, one with an ATM, and safe deposit boxes. The new bank will offer a full-range of retail and business banking, investment, insurance and trust products and services. Laura Sorensen is the market manager for the new branch.
"We are excited to open our new bank in Stillwater," said Steve Meads, president of Bremer in the Twin Cities. "We have an outstanding new building and are ready to take action for our clients in the East Metro from this accessible and convenient location."
Last year, the Otto Bremer Foundation gave approximately $15 million in charitable grants to nonprofit organizations in the Twin Cities Metro Area. Additionally, Bremer employees volunteer thousands of hours on an annual basis to organizations throughout the Twin Cities.
Bremer Financial Corporation
Bremer Financial Corporation is a privately-held, $7.5 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.