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Bremer Insurance Expands Presence in Minnesota through Two Acquisitions

St. Paul, Minn.

December 11, 2015 - Bremer Insurance is pleased to announce the recent expansion of its business through two acquisitions: Pendle-Hansen-Bagne Agency (PHB) and Nonprofit Insurance Advisors. The move helps position Bremer for future growth and also provides additional value to new and existing clients.

PHB has deep roots in the Rochester community, serving the area’s business and personal insurance needs for over 56 years. Through the purchase of PHB, Bremer Insurance will gain the agency’s current book of business as well as a number of seasoned staff members, including Scott Bagne, the agency’s president. He and his team will work out of the Bremer Bank located on 28th Street Southeast in Rochester.

Nonprofit Insurance Advisors was established by the Minnesota Council of Nonprofits (MCN) to serve the insurance needs of its members throughout the state. In addition to acquiring the organization’s insurance business, Bremer will partner with MCN going forward to provide insurance and risk management solutions to their nonprofit members statewide.

“These acquisitions are great examples of how we’re taking advantage of key opportunities to grow our business,” said Mark Schmiel, Bremer Insurance president. “Not only are we increasing our presence regionally, but we’re also building on our offerings and expertise to add value for our clients.”

Bremer Financial Corporation

Bremer Financial Corporation is a privately held, $12 billion regional financial services company jointly owned by the Otto Bremer Trust and Bremer employees. Founded in 1943 by Otto Bremer, the company is headquartered in St. Paul, Minnesota and provides a comprehensive range of banking, mortgage, investment, wealth management, trust and insurance products and services throughout Minnesota, North Dakota and Wisconsin. Clients include small businesses, mid-sized corporations, agribusinesses, nonprofits, public and government entities, and individuals and families.

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Products and services offered through Bremer Insurance are not insured by FDIC, are not a deposit or other obligation of, or guaranteed by, the depository institution, and are subject to investment risks including possible loss of the principal amount invested.