Bremer Bank

St. Paul, Minn. – June 27, 2012 - Stephen Kruchten, the investment program manager at Bremer Bank in St. Paul affiliated with the Financial Institutions Division of Raymond James Financial Services, Inc. (member FINRA/SIPC), was named one of Bank Investment Consultant magazine’s Top 20 Program Managers of 2012.

“It’s an honor to be named one of the top program managers in the country,” said Kruchten. “Our success is due in large part to the great team we have built, and I want to thank them for all their hard work. Our bank and our customers have benefited greatly from leadership and hard work”.

Kruchten joins six other investment program managers affiliated with Raymond James on this prestigious list, compiled annually by Bank Investment Consultant. Factors considered in this years ranking were growth in team production, growth in team assets, average production per adviser and number of advisors under the managers’ direct supervision.

“I’m happy to see Raymond James so well represented on this important list,” said John Houston, managing director of the Financial Institutions Division. Kruchten’s selection is a testament to his hard work and dedication to quality service. I’m pleased to be able to congratulate him on behalf of everyone at Raymond James.”

Bremer Financial Corporation
Bremer Financial Corporation is a privately-held, $8.1 billion regional financial services company owned by its employees and the Otto Bremer Foundation (OBF). 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 its nearly 100 locations in Minnesota, North Dakota and Wisconsin. OBF uses its share of dividends to distribute charitable grants to Bremer Bank communities. In 2011, more than $30 million in charitable donations were given across the Bremer footprint and employees donated more than 100,000 volunteer hours to their communities. For more information, go to bremer.com.

Raymond James Financial Services, Inc.
Raymond James Financial Services, Inc. is a national investment firm providing financial services to individuals, corporations and municipalities through more than 3,200 financial advisors in 2,000 offices throughout the United States. Raymond James established the Financial Institutions Division (RJFS-FID) in 1987 to provide banks and credit unions with brokerage services as an alternative to traditional third-party investment providers. For more than 38 years, Raymond James Financial Services has provided a wide range of services through our affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF), a financial services holding company that has more than 6,000 financial advisors serving over 2 million accounts throughout the United States, Canada and overseas. In addition, total client assets are approximately $350 billion, of which approximately $39 billion are managed by the firm’s asset management subsidiaries.