Bannach Joins Bremer as Business Banking Manager
Fargo, N.D. - April 16, 2008 - Bremer Bank, a regional financial services company jointly-owned by its employees and the Otto Bremer Foundation, announces the hire of Mike Bannach as vice president and business banking manager in Fargo.
Bannach has more than 10 years of experience in the banking industry. He most recently was a vice president at First International Bank in Fargo. Bannach previously worked at Bremer as a commercial loan officer and credit analyst.
"Mike has extensive banking and business expertise," said Lee Reierson, senior vice president in commercial lending for Bremer Bank in Fargo. "We look forward to having him on our team as we look to take action for our business banking clients and the Fargo community."
Bannach has bachelor's degrees in accounting and financial management from the University of North Dakota in Grand Forks. He currently serves as secretary on the board of directors for Lake Agassiz CDC, as warden and deputy Grand Knight for the Knights of Columbus and as an executive officer/deputy CDR for the Amry National Guard Med CMD.
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.